SOURCE: Alert Logic

Alert Logic

April 11, 2011 08:00 ET

Alert Logic Breaks Company Records for Sales and Revenue Growth

Company Reaches Milestone of $20 Million in Annualized Revenue Run-Rate

HOUSTON, TX--(Marketwire - Apr 11, 2011) - Alert Logic, a leader in delivering on-demand Security-as-a-Service, today announced that its Q1 2011 sales performance was the best in company history. As Alert Logic executed in partnering with over half of the largest cloud and hosting service providers to provide network security and compliance management solutions for enterprise customers, they experienced GAAP revenue growth in Q1 that was stronger than any previous quarter in the company's 9-year history. In Q1 2010, Alert Logic closed long-term recurring revenue contracts producing an additional $2.3 million in Annualized Recurring Revenue (ARR), bringing the company's total ARR under contract to $20 million.

In the fourth quarter of 2009, Alert Logic changed its business strategy to focus on delivering Security-as-a-Service through a diversified sales channel of IT service provider partners, particularly hosting companies. Since making this change, the company has accelerated its revenue growth rate and has consistently set new Alert Logic sales records.

"More and more businesses are turning to the cloud, and the top business concern about the cloud is security," said Gray Hall, Alert Logic's president and CEO. "Our partners -- including hosting providers, cloud service providers, and other managed service providers -- are embracing Alert Logic's Security-as-a-Service model because we provide best-of-class security products and managed services fully integrated with service providers' delivery and sales models."

About Alert Logic

Alert Logic simplifies IT security and compliance management by delivering an integrated solution consisting of Software-as-a-Service products and 24x7 Security Operations Monitoring services for intrusion detection, vulnerability assessment, and log management. Built from the ground up to address the unique challenges of public and private cloud environments, Alert Logic partners with over half of the largest cloud and hosting service providers to provide Security-as-a-Service for over 1,200 enterprise customers. Alert Logic is based in Houston, Texas, and was founded in 2002. For more information, please visit http://www.alertlogic.com.

Contact Information

  • Contact:
    Michele Moore
    Lois Paul & Partners
    781-782-5789
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