SOURCE: Skybox Security, Inc.

Skybox Security

July 20, 2016 14:21 ET

Maturing Cybersecurity Market Spurs Continued Record Growth for Skybox Security in 2016

A Demand for Integrated Security Analytics Solutions That Give Visibility and Intelligence of the Attack Surface Fuels a 56 Percent Increase in Sales

SAN JOSE, CA--(Marketwired - July 20, 2016) - Skybox® Security, a global leader in cybersecurity analytics, has announced its strongest half-year results to-date, including a 56 percent increase in sales and 42 percent increase in new customer acquisition compared to the same period last year (Jan. 1 - June 30). A maturing cybersecurity market and desire among security leaders to integrate their existing security controls are driving growth at Skybox. CISOs are looking to unify data from their existing technologies in order to better understand and control the attack surface, all the ways an organization's IT systems are vulnerable to threats.

"Business is evolving; IT is decentralizing -- and that means attack surfaces are growing larger and more complex. This is changing the security landscape," said Skybox Security Founder and CEO Gidi Cohen. "In addition, CISOs are dealing with a wave of new regulations coming down the road. They need to automate processes, create efficiencies and most importantly, better understand and shrink their attack surface. They're choosing Skybox over competitors because they realize they can do this with the Skybox® Security Suite -- it's a single platform that addresses many of their pain points."

Fast-growth in platform sales, including a 26 percent increase in multi-product sales, has been a key driver of momentum for Skybox. In addition, the company is increasing the size of its deals, showing a 42 percent increase in deals valued more than $100,000 and 67 percent increase in deals valued more than $500,000.

Skybox channel programs are also growing in Europe, Middle East and Africa, as well as in Asia-Pacific and North America. To keep up with this demand, the company has grown its global workforce by approximately 35 percent since the beginning of 2016 and will continue its aggressive expansion throughout the year to keep up with high customer adoption rates.

Skybox customers are the top companies and government agencies in more than 50 countries and nearly every industry. The company's products are used by six of the world's top 10 banks, 10 global telecommunications firms, five of the world's largest consumer goods manufacturers and 10 of the largest energy providers globally.

For more information on job openings worldwide, visit Skybox Careers.

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About Skybox Security
www.skyboxsecurity.com

Skybox arms security leaders with a powerful set of integrated security solutions that give unprecedented visibility of the attack surface and key Indicators of Exposure (IOEs), such as exploitable attack vectors, hot spots of vulnerabilities, network security misconfigurations and risky firewall access rules. By extracting actionable intelligence from data using modeling, simulation and analytics, Skybox gives leaders the insight needed to quickly make decisions about how to best address threat exposures that put their organization at risk, increasing operational efficiency by as much as 90 percent. Our award-winning solutions are used by the world's most security-conscious enterprises and government agencies for vulnerability management, threat intelligence management and security policy management, including Forbes Global 2000 enterprises.

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