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Forescout Delivers Solid Top- and Bottom-line Growth in 2024

Forescout Delivers Strong 2024 Performance
New recurring bookings up 20%, 48 $1M+ deals, strong growth in EMEA, Latam, and US DoD

San Jose, Calif. – April 22, 2025, – Forescout Technologies Inc., a global cybersecurity leader, today announced the company’s strong 2024 performance with solid top- and bottom-line growth including a 20% increase in new recurring bookings, 48 deals with a value of over $1 million, and exceptional growth in EMEA and Latin America.

Fortune 100 organizations, government agencies and large enterprises use the Forescout 4D Platform to discover, assess, respond, and control all managed, unmanaged, and unagentable devices across IT, OT, IoT, and IoMT environments.

“The Forescout platform safeguards millions of connected devices across mission-critical verticals worldwide including healthcare, manufacturing, energy, critical infrastructure, financial services, and government,” said Barry Mainz, CEO of Forescout. “For years, we’ve talked about the need for security convergence across IT, OT, IoMT and IoT but the increase in threats to our critical industries and systems is making this convergence real and that’s driving our business. Our momentum in 2024 reflects the demand for a platform solution that delivers asset intelligence and control across every environment.”

2024 Financial Highlights 

  • 20% increase in new recurring bookings   
  • Second year cash flow positive
  • Closed 48 $1M+ deals
  • Grew US Department of Defense business 38% year-over-year
  • Strong year-over-year growth in key geographies: EMEA grew 21% and Latin America grew 44%

2024 Business Highlights 

  • Signed strategic partnership with Microsoft to secure managed and unmanaged devices.
  • Won over 220 new customers including over 20 new customers across both US Defense and Civilian agencies.
  • Launched Forescout for OT Security enabling organizations to secure complex IT, OT, IoMT and IoT, environments in cloud, air-gapped, or hybrid configurations.
  • Launched Forescout AI which provides clear narratives that highlight crucial details about connected devices, potential causes of incidents, and recommended remediation steps.
  • Launched OT Forescout Fly Away Kits: a portable cybersecurity solution optimized for assessments of air-gapped and low-bandwidth systems.
  • Expanded Forescout Research – Vedere Labs threat intelligence sharing to the Operational Technology Information Sharing and Analysis Center (OT-ISAC) in addition to the Cybersecurity and Infrastructure Security Agency (CISA), Australian Signal Directorate Cyber Security Centre, European Energy Information Sharing & Analysis Center (EE-ISAC) and Emerging Threat Open Sharing.

2024 Recognition and Achievements 

Winner of the Cyber Defense Magazine’s 2024 Global InfoSec Awards for Next-Generation OT Security Solution

About Forescout

For over 25 years, organizations and governments worldwide have trusted Forescout to secure their networks. From pioneering Network Access Control (NAC) to delivering Universal Zero Trust Network Access (UZTNA), Forescout leads the evolution of enterprise network security across IT, OT, IoT, and IoMT environments. The Forescout 4D Platform™ delivers comprehensive asset intelligence, continuous risk assessment, and dynamic control, over all managed and unmanaged assets, enhanced by the proprietary threat intelligence research of Vedere Labs. Leveraging agentic AI workflows with human-in-the-loop actions, Forescout continuously analyzes threats, orchestrates response, and integrates seamlessly with 180+ security and IT products.

Forescout Media Contacts:

RH Strategic for Forescout
[email protected]
Forescout Communications
[email protected]

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