Story image

Venafi announces business growth and expansion plans

Venafi, the leading provider of machine identity protection, announced strong business growth and accelerated sales momentum in 2017. 

Over the past year, Venafi has seen significant growth and success across every part of its business, including:

  • Subscription revenue grew over 40%, with customer renewal rates above 97%.
  • Doubled the already sizable number of customers who spend more than $1 million per year. 
  • Venafi was awarded three new patents, extending the company’s strong intellectual property portfolio to 21 patents, with nine additional patents pending.
  • The Venafi Trust Protection Platform received Common Criteria Certification, an international standard for hardware and software devices used by many other national security programs.
  • Launched the Venafi Technology Network.

In March, Venafi expanded the executive leadership team by adding Aaron Aubrecht as the vice president of products. 

With more than 20 years’ experience in strategy and building enterprise software products, Aubrecht brings a wealth of knowledge to Venafi and will help the company capitalise on its market momentum. 

He has held leadership positions at McKinsey & Company, Covisint, Dell EMC, Symantec, Morgan Stanley and Accenture.

Protecting Machine Identities

Just as usernames and passwords identify and authenticate humans, machine identities create trusted relationships between machines and control the flow of information between machines.

Unfortunately, machine identities are one of the most poorly understood and under-defended parts of enterprise networks.

Cybercriminals use attack strategies that routinely exploit unprotected, weak and vulnerable machine identities.

“Venafi was the first to identify this rapidly growing cybersecurity challenge and created technology that protects machine identities,” says Venafi CEO Jeff Hudson.

Click here to find out more about the Venafi platform.

Disruption in the supply chain: Why IT resilience is a collective responsibility
"A truly resilient organisation will invest in building strong relationships while the sun shines so they can draw on goodwill when it rains."
Businesses too slow on attack detection – CrowdStrike
The 2018 CrowdStrike Services Cyber Intrusion Casebook reveals IR strategies, lessons learned, and trends derived from more than 200 cases.
Proofpoint launches feature to identify most targeted users
“One of the largest security industry misconceptions is that most cyberattacks target top executives and management.”
McAfee named Leader in Magic Quadrant an eighth time
The company has been once again named as a Leader in the Gartner Magic Quadrant for Security Information and Event Management.
Symantec and Fortinet partner for integration
The partnership will deliver essential security controls across endpoint, network, and cloud environments.
Is Supermicro innocent? 3rd party test finds no malicious hardware
One of the larger scandals within IT circles took place this year with Bloomberg firing shots at Supermicro - now Supermicro is firing back.
25% of malicious emails still make it through to recipients
Popular email security programmes may fail to detect as much as 25% of all emails with malicious or dangerous attachments, a study from Mimecast says.
Google Cloud, Palo Alto Networks extend partnership
Google Cloud and Palo Alto Networks have extended their partnership to include more security features and customer support for all major public clouds.