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 Vistaro 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
- Forescout’s Operational Technology (OT) Solution was awarded a National Information Assurance Partnership (NIAP) Common Criteria certificate, the only specialized OT solution to receive this designation.
- Forescout’s cloud security solutions achieved Information Security Registered Assessors Program (IRAP) certification at Protected level.
- Winner of the 2024 Cybersecurity Breakthrough Awards for IoT Security Analytics Solution of the Year
Winner of the Cyber Defense Magazine’s 2024 Global InfoSec Awards for Next-Generation OT Security Solution
About Forescout
As AI-driven vulnerability discovery and exploitation accelerate attack velocity to machine speed, Forescout is a foundational cyber defense layer that allows organizations to segment and isolate compromised systems, block lateral movement, and automate response across IT, OT, IoT, and IoMT environments. The Forescout Vistaro™ platform, powered by agentic AI and enhanced with Vedere Labs threat intelligence, delivers a Universal Zero Trust Network Access (UZTNA) architecture that integrates seamlessly with 180+ security and IT products. With Forescout Vistaro, organizations get comprehensive inventory and classification of both managed and unmanaged assets, continuous exposure management, and real-time protection including dynamic network segmentation and automated threat response.
Forescout Media Contacts:
RH Strategic for Forescout
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Forescout Communications
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