Market Leading Cloud Cybersecurity Platform Continues to Attract Partners and Customers for Best-in-Class Web Application Security; Company Continues Year-Over-Year Triple-Digit Growth; Releases Advanced Malicious Bot Detection and Mitigation Platform
London, UK – November 29, 2016 ZENEDGE, a leading provider of cloud-based, artificial intelligence (AI) driven Web Application Firewall (WAF), malicious bot detection and DDoS cybersecurity solutions, announced today record breaking 3Q2016 performance. The company continues to displace traditional, hardware based, on premise solutions and onboard key customers at a rapid pace, as it meets the strong demand for cloud-based cybersecurity, managed 24x7 by top cybersecurity experts.
Now more than ever, organizations of all sizes are looking to cloud-based, turnkey cybersecurity solutions to address the increased cyber threats. ZENEDGE combines management of an enterprise-grade web application firewall with commercial rules, threat intelligence feeds, malicious bot detection, and DDoS Layer 3, 4 and Layer 7 protection with a user-friendly, real-time web portal.
Highlights of growth momentum:
- Raised $6.2M in a Series C round led by Pilot Growth Equity, TELUS Ventures and Zoho Corporation.
- Triple digit YoY revenue growth in 3Q2016 with key customer acquisitions
- Continued QoQ increase in average deal size
- Customer retention rate remains at over 98%
Strategic Hires and Global Expansion of Platform and Network Capacity
In anticipation of continued growth, the company has made strategic hires for sales, marketing, R&D, SOC and DevOps departments, increased its SOC capacity and is in the process of expanding its global network nodes and DDoS mitigation capacity to better service its current and future customers around the world.
Key Customer Acquisitions
ZENEDGE continues its momentum with new customers in financial markets, gaming, media and entertainment, e-commerce, education, government and information technology verticals with some of the best known global brands now protected by ZENEDGE.
New Products: Introducing Advanced Malicious Bot Detection and Mitigation Platform
ZENEDGE continues to deliver on its vision of a next generation platform with best-in-class capabilities for web application firewall and DDoS mitigation. The company continues to enhance its award winning, multi-tenant cloud cybersecurity platform, and released an Advanced Malicious Bot Detection and Mitigation platform in 3Q2016. The platform utilizes advanced bot detection techniques to identify and block bad and/or suspicious bot activity and to defend against web and data scraping bots, while making sure legitimate bot traffic from Google, Facebook and others continue to access web applications as intended.
"The cyber threat landscape is growing at an unprecedented rate and a cybersecurity solution is now a must for every organization,” said Yuri Frayman, CEO at ZENEDGE. “We will continue to work hard to stay ahead of the curve, so we can ensure our customers have access to the best platform, managed 24x7 by top cybersecurity experts.”
ZENEDGE is a leading global provider of cloud-based cybersecurity solutions for Web Application Firewall (WAF) and DDoS mitigation. The company announced in 2016 Artificial Intelligence (AI) for Cybersecurity and one week later was honored for being a security company to watch in Los Angeles. ZENEDGE is Level 1 PCI Compliant and protects thousands of web sites and networks for SaaS, Data Centers, Energy, Gaming, Financial Services, eCommerce, Technology, Media, Entertainment, Healthcare and Government. ZENEDGE is headquartered in Aventura, Florida and lead by technical pedigrees who have exited to Google. For more information, visit www.zenedge.com.
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Press release distributed by PressHalo on behalf of ZENEDGE, on 29th November, 2016.