Preempt achieved 140% ARR growth, adds multiple Fortune 500 enterprise customers, expands global operations
SAN FRANCISCO, Feb. 19, 2020 (GLOBE NEWSWIRE) — Preempt Security, the leading provider of Conditional Access for real-time access control and threat prevention, announced record breaking revenue. The company saw in its first half of its fiscal year 100% growth in customers and 140% growth in ARR year-over-year.
Accelerating market acceptance of industry frameworks for cyber security risk reduction, such as Gartner’s CARTA and Forrester’s Zero Trust, mean that customers need solutions for continuous authentication for identity. A Conditional Access approach provides risk based, continuous authentication in real-time, and with the least amount of user friction.
“The risk from credential and identity store compromise has only accelerated. Conditional Access, at enterprise scale, is a highly leveraged way to reduce risk and still achieve key strategic goals,” said co-founder and CEO Ajit Sancheti.
Select customer wins this half included:
- One of the world’s largest cosmetic companies
- The world’s largest private agricultural company
- The world’s largest franchisor
- The world’s largest manufacturer of primary batteries and portable lighting products
- Other wins in verticals such as energy, healthcare, and finance across the EMEA and APAC regions
Additionally, Preempt Lite, a free version of the Preempt Platform, now boasts downloads from over 250 companies.
Partner and Management Team Expansion
Extending its global reach, Preempt expanded its international operations and added identity and access management services partners. In addition, Preempt announced two new executive appointments:
- Patrick Doherty has been promoted to the role of Vice-President, North America Sales. Doherty brings 12+ years of infosec sales experience prior to Preempt with companies such as Tenable. Having been with Preempt for the past two years, Doherty said that “I am extremely excited to evolve with our clients and partners. Our clients have helped shape how Preempt secures identity and access in complex hybrid networks. This has been incredibly rewarding and we are just scratching the surface.”
- Kapil Raina has been appointed to the role of Vice-President of Marketing. Raina has 20+ years of cyber security industry experience and has driven all aspects of product and marketing across brands such as Zscaler, HyTrust, VMware, and VeriSign. “Preempt has built a great base of customers with amazing technology. I am excited to amplify those success stories and help Preempt achieve the next stage of customer trust and acquisition,” said Raina.
CISO Series and RSA Activities
Learn more about Preempt at RSA 2020, including talks on identity security and AI challenges.
Learn from industry leaders through Preempt’s CISO speaker series including leaders from organizations such as Safelite, Solenis, Intralinks, and others.
Preempt delivers a modern approach to authentication and securing identity in the enterprise. Using patented technology for Conditional Access, Preempt helps enterprises optimize identity hygiene and stop attacks in real-time before they impact business. Preempt continuously detects and preempts threats based on identity, behavior, and risk across all cloud and on-premises authentication & access platforms. This low friction approach empowers security teams with more visibility & control over accounts and privileged access, while achieving compliance and auto-resolving incidents. Learn more: www.preempt.com.
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