SAN FRANCISCO--(BUSINESS WIRE)--Bay Dynamics, the leading provider of cybersecurity solutions and actionable risk intelligence to the world’s largest organizations, today announced an explosive year resulting in a more than 100 percent increase in revenue and customer acquisition during 2014. As organizations across multiple verticals continue to face data breaches that are resulting in heightened business risk, they are adopting Bay Dynamics’ Risk Fabric-powered solutions to protect against the new breed of modern threats targeting organizational assets such as users, systems and data.
“In a world where most companies are reacting to attacks, we are empowering our customers to take a proactive approach to security and providing a solution that addresses real problems – and our strong revenue and client growth in 2014 are a testament to that,” said Feris Rifai, Co-Founder and CEO of Bay Dynamics. “As they grapple with the increasing number and severity of attacks, we want to ensure that our customers are prepared to address the problems they are facing now and in the future.”
Bay Dynamics’ resounding success in 2014 strongly positions the company for a breakthrough year in 2015. Bay Dynamics is empowering top Fortune 50, commercial and large enterprises alike, to successfully combat against the latest real world threats. In the Gartner “Market Guide for User Behavior Analytics,” by Avivah Litan and Mark Nicolett on August 25, 2014, Gartner recognized Bay Dynamics as a Representative Vendor for its Security Results in User Behavior analytics: “Gartner clients that have successfully implemented UBA on the security side have also reported ROI better than 5-to-1.”
Last year, Bay Dynamics also raised $8 million in Series A funding from Comcast Ventures, the venture capital affiliate of Comcast Corporation. This investment is enabling the company to further advance its position as the dominant vendor in the security intelligence market through continued innovation and enhancements to its Risk Fabric product and solutions, as well as to expand sales, marketing and other strategic initiatives.
Recognitions and Awards
Bay Dynamics also received recognition for its industry leadership and innovation, as well as the value its solutions deliver to customers. These recognitions include:
- Identified as a “Cool Vendor” in the Gartner “Cool Vendors in Security Intelligence, 2014” by Ray Wagner, Neil MacDonald, Joseph Feiman, Avivah Litan, Ruggero Contu, Eric Ouellet and Peter Firstbrook on May 2, 2014
- Listed as one of Top 100 hottest and most innovative cybersecurity companies in the list of Cybersecurity 500 by Cybersecurity Ventures
- 2014 Network Products Guide Hot Companies and Best Products Awards finalist in the “Information Security and Risk Management” category
- 2014 Golden Bridge Awards winner in the “Data Protection – Innovations” category and runner up for “Information Security and Risk Management – Innovations”
“After a very productive 2014 with explosive growth, industry recognition and a rapidly expanding customer base, we’re positioned to continue to scale to support our customers’ needs throughout 2015 and beyond,” said Rifai.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Bay Dynamics
Bay Dynamics™ is the market leader in providing cybersecurity solutions to protect organizations around the world from evolving security threats and to reduce their business risk with its innovative next generation machine learning and predictive analytics technology. For more information, visit www.baydynamics.com.