Netskope Posts Triple-Digit Growth in 2016

Netskope
Oct. 4, 2016 Los Altos, Calif.

Company significantly expands customer base and headcount, demonstrates leadership in customer success with 97 percent satisfaction rate

Netskope, the leader in cloud security, today announced the company’s fourth anniversary with the milestone of 400 percent year-over-year revenue growth. The company has seen significant growth across many verticals, including the world’s largest corporations in the retail, financial services, healthcare, manufacturing and technology industries. In addition to the revenue growth, the company has also increased employee count by 40 percent to meet increasing demand.

Customer Wins from Industry-Leading Enterprises

Netskope has added leading enterprise customers in North America, Europe, and Asia-Pacific, including industries where data breaches equal significant fines. The Netskope Active Platform is deployed at scale in hundreds of large organizations, going beyond the discovery of cloud services by providing real-time protection and security of cloud services, both inline and out-of-band. Among these customers are top three organizations in the financial services, oil and gas, heavy equipment manufacturing, media, retail, automobile manufacturing, credit card processing, software, healthcare, insurance, restaurants and hospitality industries.

More than 80 percent of these customers have purchased the award-winning Netskope Cloud DLP, and more than 70 percent have taken advantage of the company’s flexible all-mode architecture when deploying Netskope. The Netskope architecture enables customers to gain granular visibility and set policy to control the broadest set of apps, both sanctioned and unsanctioned, and govern access from both managed and unmanaged devices regardless of user location. Netskope Cloud DLP enables customers to find and take action on sensitive data in sanctioned apps and en route to or from sanctioned or unsanctioned apps.

Netskope Support and Customer Success Drives Record Customer Satisfaction

In addition to record customer, employee, and revenue growth Netskope also announced a 97 percent customer satisfaction rate. This rate is attributable to the expansion in 2015 and 2016 of the Netskope Support and Customer Success function, which has enabled the company to redouble its commitment to its customers, ensuring the safe enablement of cloud services across enterprises.

Product Leadership and Patent Recognition Affirms Netskope as Most Comprehensive and Innovative CASB

In February, Netskope announced Netskope Active Threat Protection, a first-of-its kind solution that provides a comprehensive view of cloud app usage by combining threat intelligence, dynamic analysis and machine-learning based anomaly detection. It enables real-time detection, prioritized analysis, and remediation of threats within the cloud ecosystem and reduces the time required for cloud threat detection and forensic analysis from hours to minutes.  

This was followed by the launch of the cloud access security broker (CASB) industry’s first closed-loop incident management capabilities in June. These capabilities facilitate the end-to-end incident management process, from incident creation through resolution. In addition, once paired with enhanced, customizable role-based access control capabilities, security teams are able to better tailor the Netskope platform to their corporate incident response processes and user needs

In March, the company was issued a patent for its ability to offer real-time visibility and policy control for unsanctioned cloud app usage, as well as those formally sanctioned by IT, regardless of a user’s location or device type. In July, Netskope obtained its second cloud security patent for technology that provides granular data governance and security policy enforcement on cloud apps, including the ability to set policies for app usage based off variables like device type, user profile and the types of data accessed in the cloud app.  Netskope has the most robust patent portfolio of any CASB with over 40 granted patent claims.

Key Hires Drive Company and Product Momentum

Netskope has also added several key hires across Engineering, Product Management, Customer Success, Operations and Sales. These hires include the addition of James Sung, VP of Support and Customer Success, who joined the company in late 2015, key distinguished architects from across the industry adding to the company’s engineering and operational strength. In addition, Netskope continues to expand its field organization, adding sales talent in additional regions across the U.S., Europe and Asia-Pacific.

Recent Partnerships and Awards

Netskope has formed several key partnerships and been recognized with industry awards including:

  • Named to first-ever Forbes 2016 World’s Best 100 Cloud Companies List
  • Winner of Security Products Magazine 2016 New Product of the Year Award
  • Recognized on CRN’s inaugural 2016 Security 100 list
  • Selected as Distinguished Vendor in 2017 TAG Cyber Security Annual
  • Named a Microsoft Gold Partner for Cloud Productivity
  • Integrated with Carbon Black, FireEye and Cyphort to provide first complete threat protection and remediation solution for enterprise cloud apps
  • Integrated with VMWare AirWatch to deliver end-to-end solution for securing cloud access for mobile users

“Enterprises are quickly seeing that simply monitoring cloud app usage is only a fraction of the challenge that they face. In order to secure the ever-growing volume of cloud app data, IT needs complete visibility into and real-time control over app usage and activity in a centralized, consistent way that works across all apps and mitigates threats posed by cloud malware and ransomware,” said Sanjay Beri, founder and CEO, Netskope. “The growth we’ve experienced over the past year is evidence that not only is there an increasing need for enterprise cloud security tools, but that our customers really understand what sets us apart.”

Resources

  • Download the September 2016 Netskope Cloud Report
  • Learn more about how to gain visibility into enterprise cloud apps and how to ensure they are secure and compliant
  • Visit the Netskope Hub for the latest commentary and insight on trends from the Netskope team

About Netskope

Netskope is the leader in cloud security. Using patented technology, Netskope’s cloud-scale security platform provides context-aware governance of all cloud usage in the enterprise in real-time, whether accessed from the corporate network, remote, or from a mobile device. This means that security professionals can understand risky activities, protect sensitive data, stop online threats, and respond to incidents in a way that fits how people work today. With granular security policies, the most advanced cloud DLP, and unmatched breadth of workflows, Netskope is trusted by the largest companies in the world. Netskope — cloud with confidence. To learn more, visit our website.