BOSTON, Nov. 5, 2019 /PRNewswire-PRWeb/ -- iboss, the leader in cloud security, announced today the consolidated results for the third quarter ending September 30, 2019. iboss experienced a 236% year-over-year growth on net new bookings and a 233% increase in large enterprise deployments across key verticals including insurance, finance, retail, manufacturing and the public-sector. These milestones re-enforce iboss's position as the leading cloud gateway cybersecurity player and speaks to the soaring market demand for cloud security, which is driven by organizations aggressively moving to cloud-based SaaS platforms as they reduce their on-premise datacenter and network infrastructure footprint.
According to Global Market Insights, the Cyber Security Market size is set to exceed USD 300 billion by 2024. The cyber security market is gaining traction over the forecast timeline due to a rise in the frequency of cyberattacks in enterprises across various sectors. The growth of smart devices and advanced technologies, such as IoT, and the heightened trend of BYOD are driving the digitization in enterprises.
iboss's proprietary cloud architecture is built for the cloud from the ground up, allowing organizations to migrate internet security from on premise network security appliances to the cloud seamlessly. By moving security to the cloud, iboss allows organizations to provide consistent security regardless of user or device location and easily support exponential bandwidth consumption without worrying about purchasing and managing expensive network infrastructure.
CEO and Founder Paul Martini stated, "iboss is a pioneer in cloud security and our containerized cloud architecture has proven that it can deliver virtually any security function typically found in network security appliances, such as firewalls and web gateways, in the cloud as a SaaS solution. Our massive growth and adoption reflects years of innovation with a focus on making security in the cloud seamless and quickly achievable by even the largest enterprise organizations."
iboss has received many recent accolades including:
- Cloud Company of the Year, Stratus Awards
- Winner of four infosec award categories at the Cyber Defense Global Awards - Leader Cloud Security, Leader Security Company of the Year, Leader Network Security and Management, and Hot Cloud SaaS/Cloud Security
- Cloud Security Product of the Year – Large Enterprises, Computing's Cloud Excellence Awards
- Secure Web Gateway Solution of the Year, Cybersecurity Breakthrough Award
- DLP Solution of the Year, Computing Security Awards
- JMP Securities Elite 80 Cybersecurity List
- Cloud Security Innovation, The Golden Bridge Awards
- Cloud Security Award Winner, IT World Awards
- Top Five Leaders in Cybersecurity, Industry Leaders
About iboss
iboss is a cloud security company that provides organizations and their employees secure access to the Internet on any device, from any location, in the cloud. This eliminates the need for traditional security appliances, which are ineffective at protecting a cloud-first and mobile world. Leveraging a purpose-built cloud architecture backed by approximately 200 issued and pending patents and more than 100 points of presence globally, iboss protects more than 4,000 organizations worldwide. To learn more, visit http://www.iboss.com.
SOURCE iboss
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