Xceedium, Inc. Accelerates Revenue Growth in First Quarter

Cybersecurity company sustains record revenue growth as hybrid enterprises seek to prevent data breaches and secure IT infrastructure

HERNDON, Va.--()--Xceedium®, Inc., the leading provider of privileged identity management solutions for hybrid enterprises, today announced continued record revenue growth. Accelerating past unsurpassed 2014 results, in which the company achieved over 70% growth, Xceedium revealed year over year revenue gains of 82% in the first quarter of 2015. While demand was strong across all sectors, public sector sales contributed significantly to overall results as Federal agencies sought to remediate cybersecurity concerns and satisfy compliance and regulatory mandates.

“The substantial growth achieved in the first quarter is only a stepping-off point for sustained expansion through the remainder of the year, as enterprise security teams come to understand the central role compromised administrative credentials and privileged users play in security breaches,” said Glenn Hazard, chairman of the board and chief executive officer. “We expect to achieve over 70% growth for 2015, based on these strong Q1 results, and the continued strong demand for Xceedium’s award-winning Xsuite® privileged identity management solution we’ve seen so far in the second quarter.”

Unlike other products, Xceedium’s Xsuite is specifically designed and purpose-built to satisfy the demanding privileged identity management requirements of hybrid enterprise information technology infrastructure. Today’s enterprise IT – comprising an organization’s entire computing fabric from traditional on-premise network equipment and servers, to virtual and public cloud-based services – brings with it demanding new challenges for privileged identity management. Xsuite is uniquely capable of addressing these requirements:

  • Comprehensive Functionality – Xsuite delivers complete privileged identity management functionality, including password and SSH access key management, strong authentication fully integrated with multi-factor security technologies, access control, user monitoring and recording, and proactive policy enforcement.
  • Single Platform for the Data Center and the Cloud – Xsuite enables a single set of policies across an organization’s entire hybrid information technology infrastructure, ensuring consistent standards, easier compliance reporting, and reduced administrative overhead.
  • Architected for Scale and Dynamism – Tight integration with Amazon Web Services and VMware vSphere enables Xsuite to automatically identify resources as they’re created, and automatically apply and enforce security policies. Xsuite’s automated protections reduce “mean time to protection” to fractions of a second. Xsuite also delivers the built-in reliability and availability capabilities, like clustering, which enterprise IT demands.
  • Protection of the Extended Management Plane – Xceedium has collaborated with AWS and VMware to deliver tight, API-level integration and protection.

About Xceedium, Inc.

Xceedium is the leading provider of privileged identity management solutions for hybrid-cloud enterprises. Large companies and global government agencies use Xceedium products to reduce the risks privileged users and unprotected credentials pose to systems and data. The company’s Xsuite platform enables customers to implement a zero trust security model. It vaults privileged account credentials, implements role-based access controls, and monitors and records privileged user sessions. With unified policy management, Xsuite enables the seamless administration of security controls across systems, whether they reside in a traditional data center, a private cloud, on public cloud infrastructure, or a combination of environments.

Xceedium’s solutions enable organizations to comply with security and privacy mandates, such as PCI DSS, FISMA, HIPAA, and NERC CIP. The company’s products provide industry-leading reliability, availability, and scalability, and they are the most highly certified products in the market, with designations including FIPS 140-2 validation, Common Criteria EAL4+ certification, and inclusion on the U.S. DOD Unified Command Approved Products List (UC/APL). For more information, please visit www.xceedium.com.

Contacts

Sage Communications
Peter Kane, 703-584-5641
m 845-392-1770
pkane@aboutsage.com

Contacts

Sage Communications
Peter Kane, 703-584-5641
m 845-392-1770
pkane@aboutsage.com