Story image

Venafi announces business growth and expansion plans

Venafi, the leading provider of machine identity protection, announced strong business growth and accelerated sales momentum in 2017. 

Over the past year, Venafi has seen significant growth and success across every part of its business, including:

  • Subscription revenue grew over 40%, with customer renewal rates above 97%.
  • Doubled the already sizable number of customers who spend more than $1 million per year. 
  • Venafi was awarded three new patents, extending the company’s strong intellectual property portfolio to 21 patents, with nine additional patents pending.
  • The Venafi Trust Protection Platform received Common Criteria Certification, an international standard for hardware and software devices used by many other national security programs.
  • Launched the Venafi Technology Network.

In March, Venafi expanded the executive leadership team by adding Aaron Aubrecht as the vice president of products. 

With more than 20 years’ experience in strategy and building enterprise software products, Aubrecht brings a wealth of knowledge to Venafi and will help the company capitalise on its market momentum. 

He has held leadership positions at McKinsey & Company, Covisint, Dell EMC, Symantec, Morgan Stanley and Accenture.

Protecting Machine Identities

Just as usernames and passwords identify and authenticate humans, machine identities create trusted relationships between machines and control the flow of information between machines.

Unfortunately, machine identities are one of the most poorly understood and under-defended parts of enterprise networks.

Cybercriminals use attack strategies that routinely exploit unprotected, weak and vulnerable machine identities.

“Venafi was the first to identify this rapidly growing cybersecurity challenge and created technology that protects machine identities,” says Venafi CEO Jeff Hudson.

Click here to find out more about the Venafi platform.

Avi Networks: Using visibility to build trust
Visibility, also referred to as observability, is a core tenet of modern application architectures for basic operation, not just for security.
Privacy: The real cost of “free” mobile apps
Sales of location targeted advertising, based on location data provided by apps, is set to reach $30 billion by 2020.
Myth-busting assumptions about identity governance - SailPoint
The identity governance space has evolved and matured over the past 10 years, changing with the world around it.
Forrester names Crowdstrike leader in incident response
The report provides an in-depth evaluation of the top 15 IR service providers across 11 criteria.
Slack doubles down on enterprise key management
EKM adds an extra layer of protection so customers can share conversations, files, and data while still meeting their own risk mitigation requirements.
Security professionals want to return fire – Venafi
Seventy-two percent of professionals surveyed believe nation-states have the right to ‘hack back’ cybercriminals.
Alcatraz AI to replace corporate badges with AI security
The Palo Alto-based startup supposedly leverages facial recognition, 3D sensing, and machine learning to enable secure access control.
Unencrypted Gearbest database leaves over 1.5mil shoppers’ records exposed
Depending on the countries and information requirements, the data could give hackers access to online government portals, banking apps, and health insurance records.