SOURCE: RedSeal

RedSeal

January 27, 2016 09:00 ET

RedSeal Reports Record Growth as Market Embraces Digital Resilience and Cybersecurity Preparedness

Commercial and Government Agency Appetite for Incident Response Propels Adoption of RedSeal Cybersecurity Analytics Platform

SUNNYVALE, CA--(Marketwired - Jan 27, 2016) - RedSeal (redseal.co), the cybersecurity analytics company, today announced record 2015 sales growth and business momentum. Increased market realization that digital resilience and cyber security preparedness are now business critical strategies has been a key factor in increased adoption of the RedSeal analytics platform. The company achieved several milestones in 2015 including its highest year-over-year revenue growth, and record numbers of new customer acquisitions and customer renewals. In addition, all of these milestones helped drive positive cash flow for RedSeal for the last two quarters.

RedSeal achieved significant new customer acquisition, adding 59 new customers in 2015, including 15 federal agencies, counting among them the US Senate, USAF, US Navy, FEMA, and NASA. This past year the company also added a number of major box retailers, and leading brands in software, media, hospitality and services sectors. Federal business bookings grew 55 percent year-over-year and commercial bookings grew 83 percent in the last half of 2015 alone. The company sold 53,000 licenses in 2015. As well as new customer acquisition, RedSeal achieved its best year ever in customer confidence and continuity with renewal rates of 85 percent across all sectors and geographies.

The company's international presence and channel strength made an important contribution to 2015 success. RedSeal plans to accelerate momentum in 2016, including expanding its global channel partner program, continuing to scale global expansion with new offices in Canada, and increasing headcount by 50 percent in order to expand engineering and sales groups. 

"2015 was an extraordinary year of growth and accelerated business performance for RedSeal across all sectors," said Ray Rothrock, chairman and CEO of RedSeal. "The market has clearly signaled the importance and value of the RedSeal platform in its ability to provide the actionable intelligence and insight needed to build continuously digitally resilient and hardened cyber prepared organizations." 

About RedSeal (redseal.co)
RedSeal is an essential step in building digitally resilient organizations people can trust. RedSeal's security analytics platform builds an accurate, up-to-date model of an organization's entire, as-built network to visualize access paths, prioritize what to fix, and target existing cybersecurity resources on the most valuable assets. With RedSeal's Digital Resilience Score, decision makers can see the security status and benchmark progress toward digital resilience in the inevitable attack. RedSeal's customers are Global 2000 corporations and government agencies that depend on the most sophisticated security. Founded in 2004, RedSeal is headquartered in Sunnyvale, California and serves customers in North America, Europe and Asia.

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