HAWTHORNE, N.J.--(BUSINESS WIRE)--STEALTHbits Technologies, Inc. a cybersecurity software company focused on protecting an organization’s sensitive data and the credentials attackers use to steal that data, today announced their commitment to remain flexible and in line with customer preference with concern to software licensing. In an industry infatuated with conversion to subscription pricing due to often unnecessarily high overhead, rare occurrences of profitability, and thus weak cash flows, STEALTHbits’ high-strength financial standing and demonstrated longevity have continued to allow customers the flexibility to choose between capital and operational budget pools when making purchasing decisions. This has proven to be particularly important to customers in 2019 as Varonis Systems, STEALTHbits’ primary competitor in the Data Access Governance market, has migrated to a subscription model, frustrating customers and prospects alike that cannot afford or lack the desire to commit to larger overall payments over extended periods of time.
“Subscription pricing is nothing new and is certainly both a viable licensing strategy and a positive for consumers in the right circumstances,” said Steve Cochran, STEALTHbits’ Founder and Chief Executive Officer. “But to make it a requirement to doing business seems an unnecessary burden to place on the customer.” Cochran continued, “We get why so many vendors are moving to subscription models. This is what investors and the financial community want to support higher valuations for their portfolio companies. We’re fortunate and proud to be able to work with whichever model the customer prefers though, and with so many vendors now fighting over OpEx budget, we’ve actually seen an increased appetite for perpetual pricing over the past year, which we’ve certainly been a beneficiary of.”
For more information about STEALTHbits Technologies and their portfolio of Active Directory Security and Data Access Governance offerings, visit www.stealthbits.com.
ABOUT STEALTHBITS TECHNOLOGIES
STEALTHbits Technologies is a cybersecurity software company focused on protecting an organization's credentials and data. By removing inappropriate data access, enforcing security policy, and detecting advanced threats, we reduce security risk, fulfill compliance requirements, and decrease operations expense.
Identify threats. Secure data. Reduce risk.
For more information, visit http://www.stealthbits.com/contact or call +1-201-447-9300.
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