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BeyondTrust Focus on Delivering Customer Value Proves Successful Formula for Driving Innovation and Strong Financial Discipline

ATLANTA, July 16, 2024 (GLOBE NEWSWIRE) — BeyondTrust, the global cybersecurity leader protecting Paths to Privilege, today announced record success in the first half of 2024. Through the combination of new products, expanded features, and capabilities within the BeyondTrust Platform, BeyondTrust has advanced the landscape of identity-first security, significantly reducing customer’s risk across their entire identity fabric.

In surpassing $400M in Annual Recurring Revenue (ARR), BeyondTrust continues to demonstrate strong revenue growth while also maintaining profitability by exceeding the “Rule of 40” growth metric, a key performance indicator in the technology industry. This achievement underscores BeyondTrust’s robust financial health and market momentum.

“BeyondTrust’s accelerated successes in the first half of this year are the direct result of our unwavering commitment to delivering real value to our customers, enabling them to protect their paths to privilege,” says Janine Seebeck, CEO of BeyondTrust. “At the same time that we are investing in our products and our people to drive innovation, we are delivering outstanding financial results that enable us to achieve our strategic goals.”

Addressing the Evolving Threat Landscape

With attackers constantly adapting and evolving their methods, BeyondTrust’s identity-centric solutions are designed to eliminate customers’ blind spots related to identity and privilege, by providing holistic visibility, simplified management, and intelligent protection across their pathways to privilege. With a “think like hacker” approach to innovation, AI and ML (machine learning) play critical roles in the continuous improvement of identity security posture.

BeyondTrust’s identity-first approach to securing paths to privilege has been recognized in the following ways in the first half of 2024:

Additionally, thousands of customers and partners attended Go Beyond World Tour regional events, as well as BeyondTech partner-only technical training sessions, held in locations around the globe and virtually. Participants heard from industry leaders and technical experts on a range of security topics, in-depth use cases highlighting real-world scenarios, and best practices for achieving their identity security goals.

1H 2024 Product Innovations

Entitle Acquisition

The integration of Entitle into the BeyondTrust platform enables customers to simplify and automate fine-grained permissions to reduce risk and workload, marking a significant leap forward:

Identity Security Insights

Continued enhancement of Identity Security Insights enables organizations to gain a holistic view of their identity security posture and leverage precise detections and recommendations:

Password Safe

The release of new features and capabilities to BeyondTrust Password Safe continue to advance the visibility and control over privileged credentials and secrets:

Endpoint Privilege Management

Continued investment in the BeyondTrust Endpoint Privilege Management solution provides further resilience against identity-based attacks:

Privileged Remote Access

BeyondTrust’s latest enhancements to Privileged Remote Access are designed to bolster security and access control within dynamic environments.

Remote Support

Continued investment in the capabilities of BeyondTrust Remote Support, the leading choice for securely accessing and supporting any device or system in the world:

Enhancements Across the BeyondTrust Platform

About BeyondTrust

BeyondTrust is the global cybersecurity leader protecting Paths to Privilege. Our identity-centric approach goes beyond securing privileges and access, empowering organizations with the most effective solution to manage the entire identity attack surface and neutralize threats, whether from external attacks or insiders.

BeyondTrust is leading the charge in transforming identity security to prevent breaches and limit the blast radius of attacks, while creating a superior customer experience and operational efficiencies. We are trusted by 20,000 customers, including 75 of the Fortune 100, and our global ecosystem of partners. Learn more at www.beyondtrust.com

Follow BeyondTrust:

X: https://twitter.com/beyondtrust
Blog: https://www.beyondtrust.com/blog
LinkedIn: https://www.linkedin.com/company/beyondtrust
Facebook: https://www.facebook.com/beyondtrust

For BeyondTrust:

Mike Bradshaw
Connect Marketing for BeyondTrust
P: (801) 373-7888
E: mikeb@connectmarketing.com


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