Lancope Growth Continued to Soar in 2013 - Bookings Up by 67 Percent, Business Expansion and Security Thought Leadership Further Accelerate
ATLANTA, Jan. 29, 2014 /PRNewswire/ -- Lancope, Inc., a leader in network visibility and security intelligence, achieved remarkable results in 2013, growing its new and existing customer bookings by 67 percent while delivering a calendar year GAAP revenue increase of 60 percent. The company also nearly doubled its employee base, grew its customer base to 700 organizations worldwide and held its first annual VISION user conference. Additionally, Lancope tripled its average deal size as organizations around the world turn to the StealthWatch® System for enhanced network visibility and data center security, as well as advanced protection from insider threats and APTs.
"As companies around the globe stand to lose billions of dollars per year at the hands of hackers, our approach of lean-forward incident response has recently gained unprecedented traction," said Mike Potts, president and CEO of Lancope. "By providing pervasive, 24/7 network visibility, the Lancope StealthWatch System enables organizations to quickly detect anomalous traffic that could be representative of an attack. Without this level of investigative intelligence, today's organizations stand little chance against the sophisticated, targeted threats that are infiltrating major networks with prolific speed."
In 2013, Lancope continued to innovate and strengthen its capabilities for delivering advanced forensics and incident response, while substantially growing its business to support increasing demand for its next-generation security model. In addition to the above achievements, Lancope also marked 2013 with:
- The hiring of a new CTO, TK Keanini
- Increased focus on its channel strategy with the hiring of new VP, Dan Sibille
- The honor of being named one of Atlanta's "Best Places to Work"
- The launch of its StealthWatch Labs Intelligence Center™ (SLIC) Threat Feed
- Significant industry recognition through hundreds of media articles and broadcast stories
- Recognition in Gartner's Five Styles of Advanced Threat Defense and Best Practices for Mitigating Advanced Persistent Threats
Lancope has continued this momentum into 2014 and expects to hire another 100 employees globally this year. The company also recently announced the results of a Ponemon Institute study it commissioned to explore the incident response effectiveness of today's organizations. Not surprisingly, the study found that many companies are underinvesting in and undervaluing the importance of incident response as part of their overall security strategies.
By collecting and analyzing NetFlow, IPFIX and other types of flow data, Lancope's StealthWatch System delivers a cost-effective sensor grid for detecting a wide range of attacks and dramatically improving incident response. To see how companies around the world are using the StealthWatch System to better defend their networks, go to: http://www.lancope.com/resource-center/case-studies/.
Lancope, Inc. is a leading provider of network visibility and security intelligence to defend enterprises against today's top threats. By collecting and analyzing NetFlow, IPFIX and other types of flow data, Lancope's StealthWatch® System helps organizations quickly detect a wide range of attacks from APTs and DDoS to zero-day malware and insider threats. Through pervasive insight across distributed networks, including mobile, identity and application awareness, Lancope accelerates incident response, improves forensic investigations and reduces enterprise risk. Lancope's security capabilities are continuously enhanced with threat intelligence from the StealthWatch Labs research team. For more information, visit www.lancope.com.
©2014 Lancope, Inc. All rights reserved. Lancope, StealthWatch, and other trademarks are registered or unregistered trademarks of Lancope, Inc. All other trademarks are properties of their respective owners.
SOURCE Lancope, Inc.