BOSTON--(BUSINESS WIRE)--ObserveIT, the leading insider threat monitoring and prevention solution provider with more than 1,600 customers around the world, today announced the company has closed its second-consecutive record-breaking quarter. The company is disrupting the Data Loss Prevention (DLP) market, as customers turn to ObserveIT for its ease of implementation and ability to detect and prevent data exfiltration by tracking both out-of-policy user activity and suspicious file activity.
According to Gartner, “many DLP deployments struggle to move beyond simple data monitoring and limited data protection exercises, resulting in incomplete data protection across all data flows. In digital business, our data can (and, in many cases, should) be accessible from anywhere, any time and from any device, as long as risk and trust requirements are met. We therefore need to apply a continuous risk- and trust-based assessment approach to data.”1
“Companies are expressing a desire to have all user activity data, file data activity and analytics in a single solution,” said ObserveIT CEO Mike McKee. “By providing the full context and detail around what people are doing, we allow security teams to quickly identify and eliminate insider threats.”
- Strategic Hires – Tal Tikotzki, vice president, engineering, will serve as site leader for ObserveIT’s Tel Aviv location; Alex Kremer, chief architect, joins the engineering team in ObserveIT’s Boston location.
- Sales Growth – more than 100 percent year-over-year (Q3 2017 v Q3 2016).
- Customer Wins – $2 million+ deal with a Fortune 100 financial services company; this is the third win over $1 million in 90 days; more than ten deals over $100,000 in Q3.
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1 Gartner, Inc. “It's Time to Redefine Data Loss Prevention,” by Brian Reed, Sept. 19, 2017
ObserveIT is the leading Insider Threat Monitoring and Prevention solution with more than 1,600 customers across 87 countries. ObserveIT is the only solution that empowers security teams to detect insider threats, streamline the investigation process, and prevent data exfiltration. With 200+ out-of-the-box insider threat alerts, rich metadata and outstanding search capability and playback of any policy violation, ObserveIT provides comprehensive visibility into what people – contractors and high risk users – are doing, and reduces investigation time to minutes. For more information visit: www.observeit.com.