Portnox Reports 2018 Business Results

SaaS Revenues Increased More than 250% as Midsize Enterprises and
Managed Service Providers Flocked to Cloud Delivered Network Access
Control Solution

NEW YORK–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/BYOD?src=hash” target=”_blank”gt;#BYODlt;/agt;–Portnox,
a leading provider of network access control, visibility and device risk
management solutions, today announced it achieved record business
results in 2018 due to accelerating demand for Portnox
CLEAR
, its cloud-delivered NAC product, among midsize organizations
and managed service providers. The company boosted SaaS revenues by more
than 250% year over year, doubled customer acquisition in key verticals
and expanded its global footprint through strategic MSP and channel
partnerships.

Portnox will demonstrate Portnox CLEAR at RSA Conference 2019 Booth
#5366 in the North Expo at the Moscone Center in San Francisco from
March 5-7.

Portnox was also named the leader for NAC products among midsize to
large organizations with a 22% market share by global research firm
Frost & Sullivan in the recent “NAC
Market, Global Forecast to 2022
. According to the
report, NAC revenues are expected to grow from 2017 to 2022 at a 16.9%
CAGR, reaching $2.1 billion.

In 2018, the
company was recognized
for its technology innovations by Info
Security Product Guide Excellence Awards, Cyber Defense Magazine InfoSec
Awards, Cybersecurity Excellence Awards and the SC Magazine SC Awards.

“There is a large, untapped need among organizations, especially
mid-size enterprises, for a simpler approach to network access control
that is easy to deploy, operate and manage like our cloud-delivered
Portnox CLEAR solution,” said Ofer Amitai, CEO and Co-Founder of
Portnox. “We experienced a major spike in revenues last year as end
customers turned to our channel partners and MSPs to implement Portnox
CLEAR for its ability to eliminate the complexity of deploying and
managing NAC in distributed environments.”

Portnox 2018 Highlights

  • Increased SaaS revenues 250% year over year
  • Doubled SaaS customer base
  • Appointed Tomer Shemer-Buchbut Vice President of Products
  • Extended business partnership with Microsoft with availability of
    Portnox CLEAR on Microsoft Azure Marketplace and MS AppSource
  • Introduced Portnox CLEAR app for the Palo Alto Networks® Application
    Framework
  • Launched Portnox Sphere Global Partner Program
  • Expanded global footprint through partnerships with managed service
    providers in the US

About Portnox
Portnox provides simple to deploy, operate and
maintain network access control, security and visibility solutions.
Portnox software can be deployed on-premises, as a cloud-delivered
service, or in hybrid mode. It is agentless and vendor agnostic,
allowing organizations to maximize their existing network and
cybersecurity investments. Hundreds of enterprises around the world rely
on Portnox for network visibility, cybersecurity policy enforcement and
regulatory compliance. The company has been recognized for its
innovations by Info Security Products Guide, Cyber Security Excellence
Awards, IoT Innovator Awards, Computing Security Awards, Best of Interop
ITX and Cyber Defense Magazine. Portnox has offices in the U.S., Europe
and Asia. For information visit https://www.portnox.com/,
and follow us on Twitter and LinkedIn.

Contacts

Media:
Marc Gendron
Marc Gendron PR for Portnox
781-237-0341
[email protected]

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