×

Netwrix Reports Accelerated Growth in Q3 2017

IRVINE, Calif., Nov. 30, 2017 /PRNewswire/ -- Netwrix Corporation, provider of a visibility platform for user behavior analysis and risk mitigation in hybrid environments, today announced the results of Q3 2017, which reveal substantial growth across the U.S., North America and several European markets. Other highlights of the report include outstanding revenue increases in the education, consumer goods and technology sectors, as well as publication of new industry research and professional recognition from top analysts.

Market momentum

  • Netwrix reported over 60% quarter-to-quarter growth in the U.S. (63%), North America (68%) and the UK & Ireland (85%). Netwrix also demonstrated substantial year-over-year growth in Belgium (79%) and the Asia Pacific region (249%).
  • The market demand for solutions that help organizations mitigate cyber threats and ensure data security is increasing, which resulted in considerable quarter-to-quarter growth across several industries, including education (92%) and consumer goods (124%). Netwrix also demonstrated year-to-year growth in technology industry (92%).
  • Netwrix has added more than 390 new clients to its customer base, including World Travel Holdings, The Columbus Museum of Art and Tax Defense Network.

Research

  • Netwrix released the 2017 IT Risks In-Depth Report, which complements the earlier 2017 IT Risks Report by providing deeper insights into the risks faced by organizations of various sizes, verticals and regions.

Analyst coverage

Industry recognition

  • Netwrix has been shortlisted for the 2017 Computing's Security Excellence Awards in the "Security Innovation of the Year" category.
  • Netwrix became finalist of the 2017 Computing's Cloud Excellence Awards in the "Most Innovative Cloud Product or Service" category.
  • Netwrix was named to the Inc. 5000 list of the fastest-growing companies in the United States for the 6th year in a row.
  • Netwrix exhibited at leading IT security events, including RSA Conference Asia Pacific & Japan (Singapore), Microsoft Ignite (U.S.) and ACP IT Conference (Austria).

New partnerships

  • Netwrix signed ComputerWorld as a value-added reseller in the UK to enable better support for local customers.

"The increase in headline-making data breaches, especially those caused by insider misuse or negligence, forces organizations to be more vigilant and make more efforts to establish stricter control over who is doing what in their IT environments. As a result, we are seeing a growing demand for solutions that not only provide visibility into user behavior, but also enable high-level assessment of security risks — all to help organizations take prompt action against cyber threats and protect sensitive data from exfiltration and loss," said Michael Fimin, CEO and Co-founder of Netwrix.

About Netwrix Corporation

Netwrix Corporation was the first vendor to introduce a visibility and governance platform for hybrid cloud security. More than 160,000 IT departments worldwide rely on Netwrix to detect insider threats on premises and in the cloud, pass compliance audits with less effort and expense, and increase productivity of IT security and operations teams. Founded in 2006, Netwrix has earned more than 100 industry awards and been named to both the Inc. 5000 and Deloitte Technology Fast 500 lists of the fastest growing companies in the U.S. For more information, visit www.netwrix.com

CONTACT:
Erin Jones
Avista PR for Netwrix
P: 704.664.2170
E: pr@netwrix.com

View original content:http://www.prnewswire.com/news-releases/netwrix-reports-accelerated-growth-in-q3-2017-300564340.html

SOURCE Netwrix Corporation