Preempt Announces Record Results in First Fiscal Year Since the Release of its Behavioral Firewall

SAN FRANCISCO, Sept. 14, 2017 /PRNewswire/ -- Preempt, a pioneer in identity centric security, today announced the results of its first fiscal year ending in July 2017 with 75 percent consecutive quarter over quarter growth since the release of its solution, Preempt Behavioral Firewall. In addition to its exemplary revenue growth, the company has also seen significant results with growing its customers base, developing a global reseller program, offering new technology integrations, and expanding employees, while being the first in the industry to bring an in-line proactive approach to not just detect but prevent insider threats and security breaches in real-time.

The Preempt Behavioral Firewall is the only solution that eliminates threats in real-time. The platform's real-time situational threat prevention technology provides a unique value proposition to customers. It understands threats aren't black or white and provides a more adaptive approach to protecting the enterprise and ensuring real business isn't disrupted while reducing operational costs.

Since its release, Preempt has garnered strong momentum with customers in the financial and legal verticals and is seeing a surge in industrial and healthcare. The Preempt platform was built for speed and ease of deployment and operation, and customers are experiencing very quick time to value with some Preempt customers seeing incident resolution time being reduced by 30-40 percent. As a result, the company sees a nearly 100 percent conversion rate in enterprise customers who trial the solution.

Gartner recently announced a new strategic approach called CARTA (Continuous Adaptive Risk and Trust Assessment)(i). CARTA pushes enterprises to embrace a continuously adaptive approach to information security because in an increasingly digital business world, binary decisions - black or white, allow or block - do not work. This approach is fundamental to how the Preempt platform is architected. Preempt helps enterprises put CARTA in motion today with Adaptive Access Control, an area where Preempt was specifically called out in the report, as well as with in-line User and Entity Behavior Analytics (UEBA). Preempt is the only security vendor to provide in-line UEBA.

"Our customers chose Preempt because they suffered from not having the ability to be able to proactively respond to suspicious activity and were overwhelmed with security incidents. They now use Preempt to help them automate responses and it shows the great trust our customers have in our ability to deliver an industry-leading real-time threat prevention solution they can rely on," said Ajit Sancheti, CEO at Preempt. "The ability to not just detect, but respond to changes in behavior and identity is going to drive growth in these aspects of security. Detection-only solutions will have a very short shelf life as they don't solve key problems for customers, which is a lack of security resources and being able to preempt threats in real-time before they cause damage."

Highlights from Preempts 2016-2017 fiscal year include:

    --  Company Growth
        --  75 percent consecutive quarter over quarter growth, both in revenues
            and number of customers
    --  Customer Success
        --  Nearly 100 percent customer trial to conversion rate with success
            across multiple verticals, including Financial, Healthcare and Legal
    --  Reseller Program
        --  Launched Global Reseller Program; signing more than 12 resellers
    --  Product Innovation
        --  Announced new solutions:
            --  Preempt Inspector - a free app to quickly assesses an
                organization's password health and provide recommendations to
                reduce risks of credential-based attacks
            --  Preempt Any App - gives enterprises a development-free way to
                add Multi-Factor Authentication to any application
        --  Announced new technology integrations
            --  Data integrations include Single Sign-On vendors like Okta and
                cloud directories like Azure Active Directory and VPN gateways
            --  Enforcement integrations with SecureAuth, Symantec VIP, RSA
                SecurID, Duo, Google Authenticator and HP Aruba ClearPass
    --  Employee Growth
        --  Employee growth doubled; with an expectation to double again next
            year
    --  Funding
        --  Raised $8 million in Series A funding in 2016. General Catalyst
            Partners led the round with participation from well-known security
            leaders and innovators, including Mickey Boodaei and Rakesh Loonkar,
            the founders of Trusteer, and Paul Sagan, the former CEO of Akamai
            Technologies.

To learn more about Preempt and its solutions, please visit www.preempt.com.

(i) Gartner "Use a CARTA Strategic Approach to Embrace Digital Business Opportunities in an Era of Advanced Threats" by Neil MacDonald and Felix Gaehtgens, May 22, 2017.

About Preempt

Preempt protects organizations with identity centric security that automatically preempts insider threats and security breaches. Threats are not black or white and the Preempt Platform is the only solution that detects and eliminates threats with real-time situational threat prevention. This ensures that both security threats and risky employee activities are responded to with the right level of security at the right time. The platform easily scales to provide comprehensive identity based protection across organizations of any size. The company is headquartered in San Francisco, CA. Learn more about us at www.preempt.com

For further information, please contact:

Jacqueline Velasco
Lumina Communications for Preempt
T: 408-680-0564
E: preempt@luminapr.com

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SOURCE Preempt