SOURCE: FireMon

FireMon

November 07, 2016 09:00 ET

FireMon concludes third quarter of 2016 with largest bookings on record

Intelligent Security Management solutions continue to outpace the market

OVERLAND PARK, KS and DALLAS, TX--(Marketwired - Nov 7, 2016) -

Summary:
FireMon delivers outstanding Q3 with remarkable highlights:

  • Substantial year-over-year bookings growth
  • Expansion of market leadership
  • Renewal rates of year to date over 90%
  • Announcement of new CEO, CTO and VP of worldwide channels
  • Top prize at Computing Security Awards
  • A 96% customer satisfaction rate

FireMon, the global leader in network security policy management, today announced its largest bookings quarter in history as well as an impressive 53% growth in new customers over Q2 2016.

Year-to-date renewal rates topped 90%, which the company attributes to an increased focus on customer success that resulted in an industry-leading 96% customer satisfaction rating.

"The success we achieved this quarter highlights the execution capabilities of the high-performance FireMon team as they focus on solving customer problems," said Satin H. Mirchandani, who was appointed CEO this September. "Our customers are faced with daunting security management challenges that increase exponentially as they move to new platforms such as cloud and SDN. Our solutions address this challenge head on, and our position in the industry is a direct reflection of that."

FireMon made two additional executive hires in the third quarter. Blue Coat veteran, Kurt Mills joined the team as VP of Worldwide Channels and former CISO at Surescripts, Paul Calatayud, joined as CTO. Last week, they announced the acquisition of cloud infrastructure security broker FortyCloud, which expands FireMon's cloud security solutions.

FireMon also announced its standard-setting vision for Intelligent Policy Automation (IPA). Recognizing the failures in change management solutions today, FireMon's IPA framework provides context for access requests to help system administrators and network engineers more effectively implement changes that best enable the business without introducing new risk. To date, customers leveraging the IPA framework have reduced the time to complete a change, and more completely understand the risk associated with the change, by more than 90%.

FireMon closed the quarter with another feather in its cap, taking home the Enterprise Security Solution of the Year at the Computing Security Awards in London for its Security Manager platform.

About FireMon
FireMon solutions deliver continuous visibility into and control over network security infrastructure, policies, and risk. Using the FireMon Security Intelligence Platform, today's enterprise organizations, government agencies, and managed services providers dramatically improve effectiveness of network defenses, optimizing investments and speeding response to changing business demands. For more information, visit http://www.firemon.com.

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