News and research before you hear it on CNBC and more. Claim your 1-week free trial at StreetInsider Premium here.
The company protects more than 78 million users on SaaS platforms, and produced three years of triple-digit revenue growth
SAN FRANCISCO-(BUSINESS WIRE)-AppOmni, the leading provider of SaaS security, raised $ 70 million in a Series C funding round to advance product development, international growth, and enter into processes. go-to-market. The investment was led by Thoma Bravo, a leading software investment firm, with participation from current investors, including Scale Venture Partners, Salesforce Ventures, ClearSky, and Costanoa Ventures. In this round, AppOmni has raised $ 123 million in total funding to date.
The adoption of software as a service (SaaS) continues to grow at a rapid pace, with Gartner predicting global SaaS spending to reach $ 176.6 billion this year. As companies move their sensitive data and critical business processes to the cloud, they need a better way to secure their SaaS environments.
This year alone, SaaS data breaches have affected some of the largest and most widely used SaaS applications. Millions of data records have been exposed and companies large and small are quickly understanding the urgency of securing their data.
AppOmni protects more than 78 million users across a wide range of SaaS platforms and captures more than 230 million exposed data records. AppOmni’s SaaS security management software provides cost savings by speeding up development processes and enabling security and IT teams to secure more of their tech stacks with more little resources.
AppOmni Quick Facts
-
The AppOmni Developer Platform was announced in April 2022 and customers are already connecting their custom applications to integrate AppOmni security functionality.
-
The AppOmni INFINITY Partner Program is growing rapidly, with a 5x increase in partners in North American and a 4x increase in partners in EMEA since 2021, and recently announced expansion to APAC.
-
AppOmni’s customer base consists of both enterprise and mid-market companies, including global leaders in technology, healthcare, telecom, consumer products, banking, finance, and security.
-
AppOmni has had an industry -leading customer retention rate close to 100% since its inception in 2018.
-
AppOmni has achieved strong triple-digit ARR growth each of the past three years.
“The high-profile SaaS breaches we’ve seen in recent months highlight the urgency faced by CISOs,” said Brendan O’Connor, CEO and co-founder at AppOmni. “Customers and prospects in different industries tell us only one thing: security teams need better visibility into their SaaS environments and automated tools to adequately secure their fast-growing SaaS ecosystems. I founded AppOmni to deliver the security solution I wanted to have while leading the security teams at Salesforce and ServiceNow. I am excited to partner with Thoma Bravo and our current investors to further improve and expand our solutions so we can help more organizations around the world secure their entire SaaS environment. ”
“The digitization of businesses in all sectors has accelerated the need for reliable data protection and control, and AppOmni’s security solutions are unmatched in the industry,” said Robert (Tre) Sayle, a partner of Thoma Bravo. “We are impressed with AppOmni’s rapid scaling, high level of customer satisfaction and ongoing product innovation, and we are excited to partner with Brendan and his team as they take advantage of this huge market opportunity in the future.”
Thoma Bravo approached each investment with the goal of helping management teams identify and drive incremental growth opportunities, as well as process improvements, to enable best -in -class operational and financial performance. Thoma Bravo has been committed to working with high -growth market leaders since the company first began investing in software in 2003. Robert (Tre) Sayle will join the AppOmni Board of Directors.
AppOmni delivers centralized visibility, unmatched data access management, and security controls that seamlessly integrate into any SaaS environment. Covered apps include Box, Confluence, Fastly, GitHub, Google Workspace, Jira, Microsoft 365, Salesforce, ServiceNow, Slack, Workday, Zoom, and more. The AppOmni Developer Platform enables security coverage for any SaaS application, whether purchased from a vendor or built in-house.
About AppOmni
AppOmni is the leading provider of SaaS Security Management. AppOmni provides unprecedented data access visibility, management, and security SaaS solutions, enabling organizations to secure mission-critical and sensitive data. AppOmni’s patent-pending technology deeply examines APIs, security controls, and configuration settings to evaluate the current state of SaaS deployments and compare them to best practices and business objectives. With AppOmni, organizations can establish rules for data access, data sharing, and third-party applications that are continuously and automatically authenticated. The company’s leadership team brings expertise and innovation from leading SaaS providers, high tech companies, and cybersecurity vendors. Supported by Salesforce Ventures, ServiceNow Ventures, Scale Venture Partners and more, AppOmni has been named a 2021 SINET16 Innovator and one of Dark Reading’s “11 Cybersecurity Vendors to Watch in 2021”. For more information, please visit www.appomni.com.
About Thoma Bravo
Thoma Bravo is one of the largest private equity firms in the world, with more than $ 114 billion in assets under management as of March 31, 2022. The firm invests in growth-oriented, innovative companies operating in the software sector and technology. With deep expertise in the company’s sector and proven strategic and operational capabilities, Thoma Bravo works with its portfolio companies to implement best operational practices, drive growth initiatives and make accretive acquisitions. intended to accelerate revenue and earnings. Over the past 20 years, the company has acquired or invested in more than 380 companies representing more than $ 190 billion in business value. The company has offices in Chicago, Miami and San Francisco. For more information, visit www.thomabravo.com.
Check out the source version at businesswire.com: https://www.businesswire.com/news/home/20220606005251/en/
For AppOmni:
Sara Eisenberg
Head of Content Marketing and Communications, AppOmni
[email protected]
Lexie Harkness
Gregory FCA on behalf of AppOmni
[email protected]
215-277-2188
For Thoma Bravo:
Megan Frank
Thoma Bravo
[email protected]
212-731-4778
Nicky Bryan
Finsbury Glover Hering
[email protected]
646-436-6126
Source: AppOmni