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, has finished 2019 strong and is positioned for continued growth in 2020 due to the build out of sales leadership and competitive pricing pressure in the market.
“We have made several key hires in the sales organization, and we are well positioned for growth in 2020,” said Nick Mansour, Chief Operating Officer at STEALTHbits. “Demand for our products is strong due to innovation across all three pillars of our portfolio, including enhanced structured data support within our Data Access Governance solution, our leading position in the Active Directory Threat space, and our unique approach to Privileged Access Management. We finished 2019 with over 30% year over year growth, driven by security concerns like ransomware, privacy legislation like CCPA, and unwelcome pricing changes from competitors Varonis and Quest.
“Inflexible subscription pricing and aggressive license auditing are making customers unhappy, and are forcing Varonis and Quest customers to look for alternatives,” said Mansour
“Our customer retention and revenue growth in existing accounts is the highest it’s ever been, and we are aggressively converting Varonis and Quest customers,” said Steve Cochran, CEO at STEALTHbits. “In addition, our policy of flexible pricing and determination to win deals is paying off with increased market share. Our expanded Privileged Access Management solution line, advanced Active Directory security products, and new partnerships with Saviynt and OneTrust are driving a number of large deals in 2020.”
To see what all the excitement is about, stop by STEALTHbits Technologies booth N-5570 at the RSA Conference 2020 in San Francisco, February 24 – 28, 2020. To learn more about how STEALTHbits helps our customers secure their credentials and data, visit http://www.stealthbits.com.
ABOUT STEALTHbits Technologies
Identify threats. Secure data. Reduce risk.
STEALTHbits Technologies is a data security 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.
The STEALTHbits logo and all other STEALTHbits product or service names and slogans are registered trademarks or trademarks of STEALTHbits Technologies, Inc. All other trademarks and registered trademarks are property of their respective owners.