Building on its Record-Breaking Year, ObserveIT's Business Success in the Insider Threat Industry Continues in Q1 2017
BOSTON, April 11, 2017 /PRNewswire/ -- ObserveIT, the leading insider threat monitoring and analytics solution provider, today announced its record-breaking business results achieved in 2016 have continued into Q1 2017. Milestones reached in the first quarter of the year include surpassing the 1,500 customer mark, year-over-year growth in new bookings across the Americas, winning seven industry awards, and announcing the expansion of its executive team.
"At the conclusion of our record year in 2016 we promised to double-down on our success in 2017, and we are doing just that," said ObserveIT CEO Mike McKee. "We had a fantastic Q1 in customer expansion, market traction and industry recognition. The demand for our Insider Threat Monitoring and Analytics solution continues to be at an all-time high, and our team is laser-focused not just on meeting and expanding that demand, but also delivering more innovation and capabilities in the months ahead to help our customers eliminate insider threats."
Milestones achieved in Q1 2017 by ObserveIT include:
- Surpassed the 1,500 customer mark worldwide
- Signed 45 new customers in Q1 2017
- 50% year-over-year growth (Q1 2016 v Q1 2017) in new bookings across the Americas
- Customer renewal rate continues to exceed 90%
- Won even industry awards in Q1, including being named by CRN Magazine to the 2017 CRN Security 100 as one of the 20 Coolest Endpoint Security Vendors, named Cyber Defense Magazine's Most Innovative Insider Threat Solution for 2017, and winning two 2017 Cybersecurity Excellence Awards including Best Insider Threat Solution and Best Cybersecurity Company.
- Announced the arrival of five new seasoned professionals to the expanded senior executive team, including Simon Darr as VP of International Sales and Marketing, Erica Sheehan as VP of Marketing, John Vigeant as Vice President of Americas Sales, Mayank Choudhary as Vice President Products, and Kristin Thornby as Vice President of People Strategy.
For more information and a demo of how ObserveIT helps organizations become more secure and eliminate Insider Threats visit here.
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, 180 out-of-the-box insider threat rules, 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.
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