Vectra Networks Closes Landmark Year with Record Sales Growth, Large Customer Wins and Continuous Recognition in 2015

February 2, 2016

Vectra® Networks, the leader in automated threat management, today announced record bookings growth of nearly 400 percent in 2015 over 2014. This rapid sales growth across North America and Europe was complemented by an expanded workforce which grew by 86 percent around the globe in 2015, and a significant number of awards and industry distinctions, including earning the No. 4 position on Forbes “Hottest Cybersecurity Companies”. The company also experienced increased traction across industry verticals, with the addition of new customers in the financial services, healthcare, government, retail, education and technology sectors.

“The success of this past year demonstrates that more companies recognize that prevention alone is insufficient and they are left with a significant cybersecurity gap in which attackers go undetected for more than six months,” said Hitesh Sheth, CEO of Vectra Networks. “We fill this gap by automating discovery of cyber attacks while they are happening and simplifying the mitigation of threats with actionable insights so attacks can be stopped before data is lost. The ease of automation found with our technology platform has horizontal appeal leading customers to consistently describe Vectra as a true extension of their internal security teams.”

The company also saw important developments with its X-series platform technology. These included:

  • Completed FIPS 140-2 cyrptographic validation and received Certificate #2448 by the National Institute of Standards and Technology (NIST)
  • Introduction of new technology that enables detection of covert cyber attack communications in encrypted tunnels without using decryption
  • Launch of the Vectra S-series sensor – the industry’s first threat detection platform that extends automated real-time cybersecurity into all corners of an organization, including previous blind spots such as remote sites and internal network segments
  • Scaled out of the software platform to monitor 50 Gbps of aggregate traffic from over 500,000 active hosts in a single deployment

Security Research Highlights and Industry Recognition

The functionalities of Vectra Networks’ automated threat management platform also contributed to the broader industry in 2015. Notable events included discovery of a high severity vulnerability in Internet Explorer (IE) 11 following the cyber attack on the Italian company known as Hacking Team; and publishing the second edition of its Post-Intrusion Report, a real-world study about threats that evade perimeter defenses and what attackers do once they get inside an organization’s network.

Vectra Networks earned industry recognition in 2015 by numerous entities including:

  • Named a “Cool Vendor” in the Cool Vendors in Security Intelligence, 2015 report by Gartner, Inc.1
  • Listed at No. 4 on Forbes “Top 10 Hottest Cybersecurity Companies”
  • Named a winner in the annual Security Innovation Network (SINET) 16 Innovator competition as a top emerging cybersecurity company in 2015
  • Recognized by CRN with Emerging Vendor distinction
  • Multiple Stevie® Awards, including the Gold Stevie Award in the Tech Startup of the Year awards category
  • Cyber Defense Magazine’s Cutting Edge Award in the Network Security Solutions award category

New Corporate Headquarters and EMEA Expansion

To accommodate its rapid company growth, at the end of 2015 Vectra Networks moved to a larger corporate headquarters facility at 560 South Winchester Blvd., San Jose, Calif., 95128.

The company established its EMEA regional headquarters in Switzerland, a dedicated European leadership team and deployment of sales and technical teams across the region. Vectra Networks saw growth in its channel activities, signing new channel partners to support its North American growth and European expansion.

1. Note 1 – Gartner, “Cool Vendors in Security Intelligence, 2015,” by Ray Wagner, et al, April 24, 2015

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