ENP Newswire -
Release date- 02092014 -
Specific terms of the deal have not been disclosed.
'Veritas Capital is pleased to be associated with BeyondTrust, which has a long history of providing market-leading cybersecurity software to enterprise and government markets. We are excited to support
Since 2008, BeyondTrust has experienced significant growth, with revenue CAGR of over 20-percent. According to IDC, the markets for both privileged account management and vulnerability management are expected to grow approximately 30-percent over the next few years. With an integrated suite of solutions that both shrink the cyber-attack surface and contain breaches when they do occur, BeyondTrust is well positioned to address anticipated market demands.
'BeyondTrust is poised to continue its significant growth both with new customers and across our existing customer base,' said
'We believe that the acquisition of BeyondTrust represents the opportunity to create a leading cybersecurity software platform. We expect the cybersecurity market to benefit from increasing regulatory/compliance requirements, high profile breaches and complexity of the IT environment. BeyondTrust's unified risk management software solution provides an essential component to securing critical information technology infrastructure' added
As a result of BeyondTrust's growth,
BeyondTrust's over 4,000 customers include leading organizations in the government, technology, aerospace and defense, media & entertainment, telecommunications, healthcare, pharmaceutical, education and financial services sectors.
'We are very happy with this transaction and believe Veritas is getting a terrific asset in a critical market space,' said
BeyondTrust empowers security-conscious organizations with Context-Aware Security Intelligence, delivering Privileged Account Management and Vulnerability Management solutions that reduce IT security risks and simplify compliance reporting across heterogeneous IT environments.
Our customers not only mitigate user-based risks arising from misuse of system or device privileges, but also identify and remediate asset vulnerabilities targeted by cyber-attacks. As a result, they address both internal and external threats, while making every device - physical, virtual, mobile and cloud - as secure as possible. BeyondTrust solutions are unified under the BeyondInsight IT Risk Management Platform, which provides IT and security teams a single, contextual lens through which to view user and asset risk.
More than half of the companies listed on the Dow Jones Industrial Average rely on BeyondTrust to secure their enterprises. Customers include 8 of the world's 10 largest banks, 8 of the world's 10 largest aerospace and defense firms, and 7 of the 10 largest U.S. pharmaceutical companies, as well as renowned universities across the globe.
P: (617) 897-8255
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