ObserveIT Unveils Powerful New Data Exfiltration Features to Combat Insider Threats; Experiences 5th Consecutive Record-Breaking Quarter
“Given the risk insider threats pose to an enterprise’s most valuable assets, it is critical organizations have proper threat detection and prevention programs and technology,” said ObserveIT CEO Mike McKee. “Engraining ourselves deeply with our customers and partners, we understand the needs of the industry and strive to continue providing enhanced capabilities to eliminate tomorrow’s risks.”
Milestones achieved in Q1 2018 include:Record bookings, increasing bookings by 87 percent year-over-year. Signed 50 new customers, doubling year-over-year growth. Key customer wins include: ten 100k+ customer deals; a Fortune 500 global healthcare company; and one of the world’s largest hedge funds. Continued employee growth, with a more than 17 percent increase in employees since Q4. Announced 3 key partners as “Partner of the Year” recipients including Integrity for EMEA. Initial close of its Bain Capital Ventures-led $20 million round of series B financing.
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ObserveIT is the leading Insider Threat Management solution with more than 1,700 customers across 87 countries. ObserveIT is the only solution that empowers security teams to detect insider threats, streamline the investigation process, and prevent data exfiltration. With 300+ out-of-the-box insider threat indicators of compromise, rich metadata and outstanding search capability and playback of any policy violation, ObserveIT provides comprehensive visibility into what people – contractors, privileged users and high-risk users – are doing, and reduces investigation time from days to minutes. For more information visit: www.observeit.com.