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- BeyondTrust achieved over 25% ARR growth and over 80% subscription ARR growth YoY
- The company continues to lead innovation by introducing new and improved identity, endpoint, and cloud security solutions
ATLANTA, Feb. 23, 2022 (GLOBE NEWSWIRE)-BeyondTrust, the leader in Intelligent Identity and Access Security, today announced record recurring growth and continuous innovation in 2021 by expanding its cloud portfolio, new customer acquisition , and exceptional customer satisfaction and retention.
Key highlights of 2021 include:
- Accelerates recurring revenue to over 70% of total revenue, with over 25% YoY ARR growth, and over 80% YoY subscription ARR growth
- Delivered profitable growth with Adjusted EBITDA (GAAP) in excess of 25%
- The driver records new business, adding more than 1,600 new logos
- Expanding BeyondTrust solutions through new products and add-ons with 4,200 current customers
- Achieving total retention of more than 95% and net retention of more than 110%, with an industry leading Net Promoter Score (NPS) of 54 and a Customer Satisfaction (CSAT) score of more than 94%
- Securing a new strategic investment from Clearlake Capital, will join current investor Francisco Partners
In 2021, BeyondTrust’s significant achievements and momentum were recognized by integrating it with:
BeyondTrust was also recognized for its product and market leadership by leading analysts and media organizations:
The company also continued its leadership in innovation in 2021, introducing new cloud solutions and advanced capabilities across its portfolio:
- Cloud Privilege Broker-The new solution secures rights and permissions in multi-cloud environments, allowing organizations to simplify and automate the management of identities and assets across the cloud footprint.
- Password Secure-The expanded feature set supports more platforms and enables management of privileged credentials, allowing IT operations and security teams to intuitively manage privileged credentials through of automation across security mesh and identity fabric.
- Privilege Management for Windows and Mac-New integrations with ServiceNow, VirusTotal, and MFA streamline workflows and improve security, and the new Advanced Parent Tracking feature protects against malware that avoids discovery through the parent and child process hierarchies of Windows.
- DevOps Secrets Safe-Improves just-in-time access for cloud infrastructure by enabling accounts to be automatically removed when a ‘time-to-live’ period is reached, and enables a new integration with Robotic Process Automation (RPA) provider Blue Prism for secure storage and management of RPA secrets.
- Privileged Remote Access-New features speed up vendor onboard, enable Raspberry Pi access, and expand RDP capabilities, enabling simplified processes for using grain control in remote access without VPN.
- Remote Support-Supports new platform integrations, including Microsoft Teams, Raspberry Pi OS and Zebra, and the new enhancements enable direct integration with Azure Domain services for discovery and rotation credentials stored in Azure Active Directory (AD).
BeyondTrust has also demonstrated its continued commitment to customer security and privacy, achieving several key compliance milestones in 2021, including having SOC 2 compliance for all cloud products and ISO 27701 certification. Additionally, its Secure Remote Access solutions have been awarded Level 1 FIPS 140-2 validation.
Throughout the year, BeyondTrust has continued to grow its talented team, growing to 1200+ employees worldwide and promoting 300+ employees throughout the organization. BeyondTrust is committed to creating an exceptional employee experience, and was recognized in 2021 by numerous awards in the workplace, including:
“We continue to see increasing demand for BeyondTrust solutions as protecting identities and privileged access becomes more central to organizations’ security strategies, ”said Janine Seebeck, COO, BeyondTrust. “The rise of ransomware, new cyber insurance requirements, and increasing focus on digital transformation and zero trust strategies are all increasing the need for solutions that secure identities, access, and endpoints in hybrid environments. “
“We are proud to have closed another outstanding year, and we are continuing that momentum into 2022, by investing more in products and innovation and growing our unparalleled team,” said Matt Dircks, CEO , BeyondTrust. “I am proud of our incredible employees and partner network for their success, and thank our customers who continue to place their trust in BeyondTrust to help them solve their biggest cybersecurity challenges.”
About BeyondTrust
BeyondTrust is the global leader in smart identity and access security, empowering organizations to protect identities, stop threats, and deliver dynamic access to empower and secure a work -from-anywhere in the world. Our integrated products and platforms offer the industry’s most advanced privileged access management (PAM) solution, enabling organizations to quickly narrow their attacks across traditional, cloud and hybrid that environment.
BeyondTrust protects everyone with privileged identity, access, and endpoints in your IT environment from security threats, while creating a great user experience and operational efficiency. With a heritage of innovation and a strong commitment to customers, BeyondTrust solutions are easy to deploy, manage, and measure as businesses grow. We are trusted by 20,000 customers, including 75 of the Fortune 100, and a global partner network. Learn more at www.beyondtrust.com.
For BeyondTrust:
Mike BradshawConnect Marketing for BeyondTrustP: (801) 373-7888E: [email protected]
Source: BeyondTrust