WASHINGTON, Aug. 10, 2016 /PRNewswire/ -- Thycotic, a provider of privileged account management (PAM) solutions for more than 7,500 organizations worldwide, today announced it was ranked No. 18, ahead of companies such as CyberArk [ranked No. 20, a privileged account management (PAM) provider] and ManageEngine [ranked No. 61, a privileged account management (PAM) provider] on Cybersecurity Ventures' Cybersecurity 500 list. This marks Thycotic's third consecutive time moving up in the rankings. Cybersecurity Ventures is a market intelligence and research firm covering the cybersecurity market, focusing on emerging and startup cybersecurity companies.
"Thycotic leaped ahead of CyberArk and the rest of the burgeoning privileged access security sector based on their recent market traction and best-in-class products — moving up the list for the third consecutive quarter and landing at No. 18," said Steve Morgan, founder and editor in chief at Cybersecurity Ventures. "Given their success in the market, we were happy to have recently co-sponsored Thycotic's 2016 State of Privileged Account Management Report which was released earlier this summer, supporting their deep knowledge and expertise in this space."
According to Cybersecurity Ventures, the Cybersecurity 500 list ranks the most innovative companies in the industry. Thycotic's Secret Server solution automatically detects privileged accounts across the enterprise and helps IT professionals visualize the resulting compliance gaps and security vulnerabilities. This automated process reduces the time-consuming and error-prone task of manually tracking and updating privileged credentials, thereby decreasing IT operational costs. This enhanced visibility significantly improves the security posture of organizations and facilitates adherence to rigorous audit and compliance standards.
"Buyers need simplicity from their security software solutions and our customers get a chance to see the value from our solution from day one," said James Legg, CEO at Thycotic. "We're thrilled to continually innovate in this market and the Cybersecurity 500 rankings validate that our PAM solution is industry-leading."
To see the complete rankings of the Cybersecurity 500, visit http://cybersecurityventures.com/cybersecurity-500/ and to learn more about Thycotic's Secret Server PAM solution, visit https://thycotic.com/products/secret-server/.
Thycotic, a global leader in IT security, is the fastest growing provider of Privilege Management solutions that protect an organization's most valuable assets from cyber-attacks and insider threats. Thycotic secures privileged account access for more than 7,500 organizations worldwide, including Fortune 500 enterprises. Thycotic's award winning Privilege Management Security solutions minimize privileged credential risk, limits user privileges and controls applications on endpoints and servers. Thycotic was founded in 1996 with corporate headquarters in Washington, D.C. and global offices in the U.K. and Australia. For more information, please visit www.thycotic.com.