PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Armorlogic / Alert Logic, Inc.

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Alert Logic Surpasses $100 Million in Annualized Revenue - Company Exceeds $103 Million Run Rate, 3,800 Customers with Q1 2016 Results - Alertlogic.com
Alert Logic Surpasses $100 Million in Annualized Revenue

 

NewswireToday - /newswire/ - Houston, TX, United States, 2016/04/20 - Company Exceeds $103 Million Run Rate, 3,800 Customers with Q1 2016 Results - Alertlogic.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Security/Anti-Spam Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Alert Logic, the leading provider of Security-as-a-Service solutions for the cloud, today announced its Q1 2016 results. The company recorded $23.7 million in GAAP revenues for the quarter ending March 31, 2016, representing 31 percent year-over-year growth over Q1 2015, and achieved total contracted recurring revenue exceeding a $103 million annualized run-rate. Additionally, the company now has more than 3,800 customers using its Security-as-a-Service solutions to protect their cloud, hybrid or on-premises IT infrastructure.

“Achieving $100 million in annualized run-rate is a significant milestone for a cybersecurity company,” said Gray Hall, CEO of Alert Logic. “This is undeniable evidence of strong cloud adoption and customer validation of our strategic approach to cybersecurity combining market-leading technologies with 24x7 security monitoring and cloud deployability to secure business critical IT infrastructures.”

Alert Logic’s other notable highlights for Q1 2016 include:

• Recognition: Alert Logic was recognized for seven different awards in Q1, including as a Silver winner in two categories in the 2016 Info Security Products Guide Global Excellence Awards: Alert Logic Cloud Defender for Best New Product and Services and Alert Logic Cloud Insight for Product or Service Excellence of the Year, Vulnerability Assessment, Remediation and Management. In the 2016 European SC Magazine Awards, Cloud Defender has been recognized as a finalist in the Best Managed Security Service category and Cloud Insight for Best Vulnerability Management Solution. Cloud Defender was also recognized in Cloud Computing Magazine’s 5th Annual Cloud Computing Excellence Awards and Alert Logic was included on CRN’s 20 Coolest SIEM and Threat Detection Vendors list. Additionally, Vice President of Global Channels, Partner Sales, Michael Stoeger, was recognized as a 2016 CRN Channel Chief and highlighted on the Solution Provider’s definitive guide to top Channel executives.

• Executive Hires: Allison Armstrong joined Alert Logic as Vice President of Product and Technical Marketing. Allison brings more than 20 years of experience leading global technical, product and go-to-market strategies across start-ups, small-and-medium sized businesses and enterprises in leadership positions with Apptio, WatchGuard, Quantum and Symantec

• Analyst Advocacy: 451 Research published the results of a survey on Information Security Budgeting and Cloud Security. The survey showed Alert Logic as the top cited vendor in the category of “Cloud Infrastructure Security” with 25.3 percent of participants currently utilizing Alert Logic solutions to protect their cloud applications. Another 24.4 percent of participants were considering Alert Logic for cloud security, also the top cited vendor in that category.

• European Expansion: In addition to opening an office in London and a Security Operations Center (SOC) in Cardiff, Wales in 2014, Alert Logic has continued its expansion into EMEA by announcing a security research and technology development center in Belfast, Northern Ireland.

• In the Media: IDG’s InfoWorld published a lengthy exclusive on Alert Logic and its Security Operations Center in Houston. The feature article details Alert Logic’s approach to providing cybersecurity technologies paired with continuous, 24x7 security monitoring and the value for businesses of leveraging a Security Operations Center. Additionally, Alert Logic is mentioned in a substantial customer profile in Network World on SCOR Velogica’s migration from an on-premises data center to the AWS cloud platform and their use of Alert Logic to help protect their cloud applications.

A privately held company, Alert Logic publicly reports its Generally Accepted Accounting Principles (GAAP) revenue results and growth rates quarterly, in addition to its annualized recurring revenue under contract. Alert Logic’s financial statements have been audited in accordance with GAAP since 2005. Alert Logic revenue is derived through long-term subscription contracts, consistent with the company’s SaaS business model. Alert Logic’s solutions are sold directly to enterprise customers and through a diversified channel of resellers and cloud service provider partners.

About Alert Logic

Alert Logic (alertlogic.com), the leader in security and compliance solutions for the cloud, provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Fully managed by a team of experts, the Alert Logic Security-as-a-Service solution provides network, system and web application protection immediately, wherever your IT infrastructure resides. Alert Logic partners with the leading cloud platforms and hosting providers to protect over 3,800 organizations worldwide. Built for cloud scale, our patented platform stores petabytes of data, analyses over 400 million events and identifies over 50,000 security incidents each month, which are managed by our 24x7 Security Operations Center. Alert Logic, founded in 2002, is headquartered in Houston, Texas, with offices in Seattle, Dallas, Cardiff, Belfast and London.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Security/Anti-Spam Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Armorlogic / Alert Logic, Inc.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
IT Security Anti-Spam Computer Security - Purchase keywords tags antivirus software firewall spyware removal virus scan computer security IT Security Anti-Spam malware / Banner Ads!.

 
  Your Banner Ad showing on ALL
IT Security/Anti-Spam articles,
CATCH Visitors via Your Competitors Announcements!


Alert Logic Surpasses $100 Million in Annualized Revenue

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Alert Logic |
Publisher Contact: Mackenzie Kreitler - Matter Communications 
978-518-4536 mkreitler[.]matternow.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Armorlogic / Alert Logic, Inc. securities in any jurisdiction including any other companies listed or named in this release.

IT Security/Anti-Spam via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Armorlogic / Alert Logic, Inc. / Company Profile


Read IT Security/Anti-Spam Most Recent Related Newswires:

Verint Named Physical Security Intelligence Solutions Company of the Year
Rambus Announces Industry’s First Functional Silicon of Server DIMM Buffer Chipset Targeted for Next-generation DDR5
Verint Recognized in New Customer Journey Analytics Report by Independent Research Firm
High-Tech Bridge Enhances Discovery Capacities of its Phishing Detection Service
Ensono Adds Managed Mainframe to its UK Toolkit
Radware Launches Ultimate IoT Botnet Protection with New DefensePro® Lineup
Comodo Advanced Endpoint Protection Wins ‘APT Software of the Year’ 2017 CyberSecurity Breakthrough Award
Frost & Sullivan Recognizes Radware as a Leader in Customer Value with its Complete Line of DDoS Mitigation Solutions
Ecobank Deploys Radware’s Attack Mitigation Solution to Protect its Infrastructure
Rostelecom Demonstrates On-Demand Transport Services with the First Multivendor Transport SDN PoC in Russia
Ensono Unveils New Office in Conway, Arkansas
Tyne Tunnel Realizes New Levels of Operational Efficiency and Situational Awareness with Verint Solutions
Thales’s Security Evaluation of Samsung Pay Contactless Payment App on Galaxy S8 and S8+ Leads to Certification
Check Point Launches New Research Online Platform and Releases Mid-Year Cyber Attack Trends Report
New Research Supports Think Tank Assertions on Cyber Resilience Planning

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  SKS Media | SKS Associates Ltd

Visit  NAKIVO, Inc.





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)