Damballa Delivers Record Q2 and First Half as Company Continues To See Strong Worldwide Demand for Automated Breach Defense
Company Now Has Visibility Into 55% of North American Internet Traffic
ATLANTA--(BUSINESS WIRE)--Damballa, the experts in advanced threat protection and containment, today announced a record first half, as the company grew both bookings and revenue significantly over previous years, added customers in North America, Europe and the Middle East, and brought on sales executives in Asia-Pacific and Continental Europe. Damballa saw a 100% increase in average deal size, and brought in more customers in the first half of the year than it did in the entire prior calendar year.
“I am incredibly proud of our entire team, and in particular our research team for their contribution to improving public cyberhealth for so many organizations and individuals around the world.”
“Q2 was another record quarter for us, resulting in a phenomenal first half of the year for Damballa,” said David Scholtz, CEO of Damballa. “In head-to-head deals against our largest competitors, enterprises are time and again selecting Damballa for the ability to detect hidden and active infections with certainty and provide indisputable evidence to responders. We are helping customers significantly reduce their rate of ongoing infections, providing clear value to the enterprise.”
Enterprises in the education, financial services, oil and gas, pharmaceutical, transportation and logistics, telecommunications, and technology verticals selected Damballa’s automated breach defense technology to help reduce the time and manpower required to identify active infections and reduce the chance of business losses. With the addition of new service provider customers, Damballa now has visibility into 55% of North America’s Internet traffic, giving the company one of the largest big data security sets in the world to leverage, in order to gain insights into emerging threats and infections on a network.
Damballa has also seen significant market momentum this year. The company has expanded its partner network, bringing on channel partners and global consulting firms across Europe, the Middle East, Southeast Asia, and Latin America. And in June, the research team played a critical role in sinkholing Cryptolocker ransomware, as part of a global takedown coordinated by the Department of Justice.
Continued Scholtz, “I am incredibly proud of our entire team, and in particular our research team for their contribution to improving public cyberhealth for so many organizations and individuals around the world.”
Damballa Failsafe is an automated breach defense system that detects successful infections with certainty, terminates their activity and gives responders the ammunition needed to rapidly prevent loss. Failsafe delivers actionable information about known and unknown threats regardless of the infection’s source, entry vector or OS of the device. It arms responders with definitive evidence so they can rapidly prevent loss on high-risk devices while blocking activity on the rest.
As the experts in advanced threat protection and containment, Damballa discovers active threats that bypass all security prevention layers. Damballa identifies evidence of malicious network traffic in real time, rapidly pinpointing the compromised devices that represent the highest risk to a business. Our patented solutions leverage Big Data from the industry's broadest data set of consumer and enterprise network traffic, combined with machine learning, to automatically discover and terminate criminal activity, stopping data theft, minimizing business disruption, and reducing the time to response and remediation. Damballa protects any device or OS including PCs, Macs, Unix, iOS, Android, and embedded systems. Damballa protects more than 400 million endpoints globally at enterprises in every major market and for the world's largest ISP and telecommunications providers. For more information, visit www.damballa.com, or follow us on Twitter @DamballaInc.