ObserveIT's Record-Breaking Business Success in the Insider Threat Industry Continues in Q2 2017

BOSTON, July 11, 2017 /PRNewswire/ -- ObserveIT, the leading insider threat monitoring and analytics solution provider with more than 1,500 customers around the world, today announced record-breaking business results in Q2 2017 as it continues to reach new milestones in sales, customer satisfaction and market penetration. 

Highlights for Q2 include 100% percent year-over-year growth fueled by record bookings in the second quarter of 2017, a Net Promoter Score greater than 70 reflecting high customer loyalty and satisfaction across its worldwide customer base, winning the Boston Business Journal's Best Places to Work award, and ObserveIT 7.0 achieving the fastest adoption of a new product version in the company's history.

"ObserveIT continued its record-breaking performance in the Insider Threat industry in Q2 2017, achieving new milestones once again in sales and bookings, customer acquisition and satisfaction, product innovation, notable additions to our leadership team, and yet another business award," said ObserveIT CEO Mike McKee. "Our talented team of professionals continues to execute in great fashion, enabling us to beat the competition.  Our customer-centric approach, dedication to innovation and keen understanding of how to help organizations eliminate insider threats has enabled substantial, consistent growth over time, and maintains our position for ongoing success."

Milestones achieved in Q2 2017 by ObserveIT include:

• 100 percent year-over-year growth in bookings (Q2 2017 v Q2 2016)
• Record bookings in Q2 2107, fueled by a $1.4 million deal with one of the largest asset management firms in the world and the highest number of $100K-plus deals in a single quarter in company history
• Net Promoter Score increased to greater than 70, reflecting deep customer loyalty and satisfaction
• Signed more than 50 new customers in Q2 2017, increasing its customer base to 1,557 organizations worldwide. ObserveIT now has 5 of the top 10 financial services companies, 3 of the top 5 banking institutions, and 2 of the top 5 asset management firms as customers.
• Fastest adoption of a new product version (ObserveIT 7.0 released in April) in company history

Other achievements in Q2 2017 include:

• In June, the Boston Business Journal (BBJ) named ObserveIT to its exclusive 2017 list of Best Places to Work.
• Seasoned executive Albert Lee joined the company as Director of the Asia Pacific region. Mr. Lee brings extensive business experience with international telecommunications companies to the role and will oversee activities in Singapore, Indonesia, Malaysia, the Philippines and Australia.
• Welcomed Mark Sutton, Vice President and Chief Information Security Officer at Bain Capital to the ObserveIT Board of Advisors. The Board of Advisors brings the industry's best and brightest security and IT leaders together to assist the company as it evolves and enhances its Insider Threat Management solutions to protect enterprises from malicious and inadvertent user activity that puts them at risk.
• In April, the company released ObserveIT 7.0 to accelerate insider threat detection and prevention with new actionable analytics and user activity profiling to thwart threats from within.

For more information and a demo of how ObserveIT helps organizations become more secure and eliminate Insider Threats visit here.

About ObserveIT
ObserveIT is the leading Insider Threat Monitoring and Analytics solution with more than 1,500 customers across 87 countries. ObserveIT identifies and eliminates insider threats by having "eyes on the endpoint" and continuously monitoring user behavior and alerting security and IT teams about activities that put organizations at risk. With full video capture, 200+ out-of-the-box insider threat alerts, 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.

ObserveIT Media Contact:
Derek Beckwith
[email protected], 617-331-3567

SOURCE ObserveIT