SPHERE Achieves Significant 2024 Growth Milestones and Sets the Stage for Continued Success in 2025

NEWARK, N.J., Feb. 3, 2025 /PRNewswire/ -- SPHERE, the leading provider of identity hygiene solutions, is proud to announce key achievements in 2024, reinforcing its leadership in the global identity hygiene market and setting the stage for continued growth in 2025.

The company saw a remarkable over 300% year-over-year growth in its strategic solutions, fueled by expanding its global partner ecosystem across Latin America, Europe, and Australia. This momentum highlights SPHERE's commitment to driving innovation and scaling its impact worldwide. 

2024 Product Advancements
SPHERE secured $12.5 million in additional funding in 2024 to accelerate innovation and product development, launching several groundbreaking new products and enhancements to its platform.

Key updates include:

• SaaS Platform with SOC 2 Type 2 Certification: A new, fully-featured SaaS offering delivers the same robust functionality as the self-hosted version, empowering organizations to scale seamlessly while maintaining high standards of security and compliance.
• Expanded Database Coverage: Support now extends to all major database platforms, enabling comprehensive compatibility across diverse enterprise environments.
• Intelligent Discovery and SecureAD: Intelligent Discovery enables faster, more accurate identification of security and compliance risks, while SecureAD strengthens organizations' defenses by enhancing Active Directory security and visibility.
• Enhanced Performance: Performance has improved by up to 200%, providing users with faster, more efficient workflows.

"We are thrilled with the progress we made in 2024 and are excited about the opportunities ahead," said Rita Gurevich, CEO and Founder of SPHERE. "Our strong partnerships and growing customer base in the U.S. and globally position us to lead the way in identity hygiene. By continually enhancing our platform, we aim to set new standards for security and privacy."

The Growing Need for Identity Hygiene
As cyberattacks become more frequent and severe, identity hygiene has emerged as a critical component of enterprise security, digital transformation, and regulatory compliance. An astonishing 84% of identity stakeholders said incidents directly impacted their business, up from 68% in 2023,¹ underscoring the critical need for solutions that secure access and mitigate risks. SPHERE's solutions address this rising need for enterprises to continuously discover and resolve critical identity risks, shifting the mindset from risk-reduction to risk-prevention.

The company remains at the forefront of the identity hygiene market, providing organizations with the tools they need to secure their digital environments and uphold the highest standards of security.

¹Source: 2024 IDSA Study

About SPHERE:

SPHERE is the global leader in Identity Hygiene. We are dedicated to reshaping modern identity programs by embedding this foundational fabric, enabling organizations to quickly reduce risks. We work through an identity lens that protects an organization's accounts, data, and infrastructure. Our solutions deliver immediate time-to-value by leveraging automation to discover, remediate and secure identities, now and forever.

Driven by our core values of passion, empathy, and authenticity, our vision drives us to continually innovate, helping our clients to sleep better knowing their attack surface is drastically reduced, thwarting the plans of bad actors every single day.

We're ready to help you address your Identity Hygiene and security challenges.  For more information, please visit https://sphereco.com/

Media Contact: Sonia Awan – [email protected]

SOURCE SPHERE