BeyondTrust Continues To Achieve Record Growth in Q2 2020
Announcement posted by BeyondTrust 15 Jul 2020
SINGAPORE – July 15, 2020 – BeyondTrust, the worldwide leader in Privileged Access Management (PAM), today announced record Q2 results, continuing the company’s 2020 momentum in new customer acquisitions, SaaS growth, and PAM product innovations.
In the first half of 2020, BeyondTrust:
• Grew new bookings by more than 35% year-over-year
• Increased new PAM SaaS bookings by 170%, adding 400 new cloud customers
• Continued to exceed customer renewals of 90%
• Helped hundreds of organisations respond to the massive work-from-home shift with free licenses to help secure and support remote workers
• Launched a new SaaS version of BeyondTrust’s leading Privilege Management for Windows and Mac solutions
BeyondTrust Privilege Management for Windows and Mac allows organisations to rapidly secure endpoints and limit privileges without hindering employee productivity. The new SaaS version makes it even easier for organisations to deploy and immediately apply least privilege best practices to endpoints that are now mostly remote due to the rapid shift to working from home.
The company also further established its leadership in the Privileged Access Management market in Q2:
• Named a Leader in KuppingerCole’s Leadership Compass for Privileged Access Management (PAM)
• Awarded the Best Privileged Access Management Solution from SC Awards Europe 2020
• Recognised with the Singapore Business Review (SBR) Excellence Award for offering a ‘revolutionary way to secure privileged credentials and manage remote access from the cloud’
• Announced the new edition of Privileged Attack Vectors: Building Effective Cyber-Defense Strategies to Protect Organisations, authored by BeyondTrust CTO and CISO Morey Haber, which provides strategic recommendations on mitigating risks using a proven Universal Privilege Management approach
BeyondTrust also continued to grow its talented team, adding 139 new employees during the first half of the year, including key Sales leaders: Bob Gallen, Senior Vice President of Americas, and Dee Dee Acquista, Senior Vice President of Channels.
“We’re extremely proud of and humbled by the success of our team this year, particularly in the face of economic and social challenges around the globe,” said Matt Dircks, CEO at BeyondTrust. “We rapidly responded to help customers support the unprecedented shift to remote working, enabling workers around the world to remain productive and secure. And we did that while continuing to deliver new, innovative solutions that make it easier for companies to quickly secure and manage privileged access within their highly dynamic environments. Led by BeyondTrust’s Global Diversity & Inclusion team, we also increased our efforts to better understand and address the impacts of discrimination and racism in our communities, further evolving our already exceptional team and culture.”
About BeyondTrust
BeyondTrust is the worldwide leader in Privileged Access Management (PAM), empowering organisations to secure and manage their entire universe of privileges. Our integrated products and platform offer the industry's most advanced PAM solution, enabling organisations to quickly shrink their attack surface across traditional, cloud and hybrid environments.
The BeyondTrust Universal Privilege Management approach secures and protects privileges across passwords, endpoints, and access, giving organisations the visibility and control they need to reduce risk, achieve compliance, and boost operational performance. We are trusted by 20,000 customers, including 70 percent of the Fortune 500, and a global partner network. Learn more at www.beyondtrust.com.
Follow BeyondTrust:
Twitter: http://twitter.com/beyondtrust
Blog: https://www.beyondtrust.com/blog
LinkedIn: http://www.linkedin.com/companies/beyondtrust
Facebook: http://www.facebook.com/beyondtrust
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For BeyondTrust:
Liz Drysdale
Director of Marketing – APJ