BOSTON--(BUSINESS WIRE)--ObserveIT, the leading insider threat management provider with more than 1,700 customers around the world, today announced the release of the latest version of its insider threat solution, ObserveIT 7.5, advancing the company’s vision of bringing user activity and data activity together with analytics as they redefine the post data loss prevention (DLP) world. The company also released record-breaking results for Q1 2018 capitalizing on organizations’ increasing need to gain full visibility into the activity of vendors, contractors and employees, to streamline incident investigations and prevent the loss of key data.
Coming off a strong quarter, the company released ObserveIT 7.5 which provides organizations with granular visibility into user activity including accessing sensitive IP stored in web-based systems. Based on customer feedback, ObserveIT is continuing to invest in providing a broad range of data exfiltration use cases including exfiltration of sensitive IP to the web for all platforms without requiring an additional plugin. Doubling down on analytics, ObserveIT 7.5 includes 300+ pre-configured indicators of compromise for insider threat. It also includes an enhanced developer portal enabling customers and partners to build or extend integrations with SIEM, Security Automation & Orchestration, and Ticketing solutions – in addition to out-of-the box apps for Splunk, IBM QRadar and several others.
ObserveIT identifies and eliminates insider threats with real-time detection, deterrence, education, discretionary prevention and precise visibility into all user actions with its industry-leading analytics, rich metadata and video playback capabilities. This insight reduces security incidents and speeds investigations to just minutes. ObserveIT’s ability to anonymize users helps organizations comply with GDPR, PCI, SOX, HIPAA, NISPOM and other compliance requirements.
“As real-time threats involving insiders continue to plague the industry, ObserveIT is constantly enhancing its product portfolio to meet the needs of its customers,” said Steve Huang, Technical Director, JSLead. “ObserveIT 7.5 is bringing together analytical insight based on user activity and data activity to provide security teams the visibility they need to protect their organization’s most critical data.”
“Given the risk insider threats - both accidental and malicious - pose to on an enterprise’s most valuable assets, it is critical organizations have proper threat detection and prevention programs and technology,” said ObserveIT CEO Mike McKee. “Engraining ourselves deeply with our customers and partners, we understand the needs of the industry and strive to continue providing enhanced capabilities to eliminate tomorrow’s risks.”
Driven by the industry need to take a new approach to data loss prevention, ObserveIT continues to transform the market, growing at notable rates including closing a record-breaking Q1.
Milestones achieved in Q1 2018 by ObserveIT include:
- Record bookings in Q1 2018, increasing bookings by 87 percent year-over-year.
- Signed 50 new customers in Q1 2018 doubling year-over-year growth. Key Q1 customer wins include: ten 100k+ customer deals; a Fortune 500 global healthcare company; and one of the world’s largest hedge funds.
- Continued employee growth, with a more than 17 percent increase in employees since Q4.
- Announced 3 key partners as “Partner of the Year” recipients: GuidePoint for North America, JSLead for Asia Pacific and Integrity for EMEA.
- Initial close of its Bain Capital Ventures-led $20 million round of series B financing.
For more information and a demo of how ObserveIT helps organizations become more secure and eliminate insider threats, visit here, or stop by North Expo booth #4809 at RSA Conference.
ObserveIT is the leading Insider Threat Management solution with more than 1,700 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 300+ out-of-the-box insider threat indicators of compromise, rich metadata and outstanding search capability and playback of any policy violation, ObserveIT provides comprehensive visibility into what people – contractors, privileged users and high-risk users – are doing, and reduces investigation time from days to minutes. For more information visit: www.observeit.com.