RackFoundry Reports Rapid Growth with a Strong Finish to Fourth Quarter in 2018
Record revenues demonstrate increased demand for the Total Security Management platform
SAN MATEO, Calif., Jan. 29, 2019 /PRNewswire-PRWeb/ -- RackFoundry, the leading provider of Total Security Management solutions, exceeds a 76 percent year-over-year increase in revenue.
A strong finish to 2018, RackFoundry reports a quarter-over-quarter revenue increase of 83 percent and a 76 percent year-over-year increase. The company's rapid growth is a reflection of the increasing demand for a solution that satisfies all critical areas of IT security, spanning detection, prevention, and response capabilities—a quality unique to the Total Security Management (TSM) platform.
"With an exciting roadmap introducing a multitude of new features—including advanced machine learning capabilities and advanced threat prevention—we look forward to the continued growth of RackFoundry in 2019," said Shashi Dookhee, CEO, RackFoundry. "Based on market data and research, our exceptional team constantly observes and determines the evolving needs in network security, and we saw the lack of solutions that fully encompass what we describe as the standards of cybersecurity practices: threat prevention, incident response, with 24/7 monitoring and compliance reporting. TSM was born out of the need to solve this challenge, and we are excited to see a growing demand by organizations actively looking for such a solution."
Despite increased spending and projected need for IT security in the coming years, many organizations lack the resources—particularly in manpower, budget, and expertise—needed to fully protect their businesses and meet compliance standards, such as PCI DSS, HIPAA, FERPA, GDPR, GLBA, NERC CIP, NIST, FISMA, ISO 27001, etc. RackFoundry TSM sets itself apart through its affordable, user-friendly approach to cybersecurity while performing at an enterprise-grade level, making it a solution fit for any organization size or market vertical.
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About RackFoundry Inc.
RackFoundry, the maker of Total Security Management (TSM), is a leader in complete coverage security appliances, secure cloud services and professional services such as SecurityXpert, which provides security expertise to organizations of all sizes and industries. The RackFoundry security team, FortressLabs, helps find new vulnerabilities in the wild, mitigate any found vulnerabilities, and head up the RackFoundry Security Operations Center.
For more information, visit us at http://www.rackfoundry.com
SOURCE RackFoundry
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