Forescout Reports 2010 Bookings Growth of 44 Percent
NAC Market Leader Credits Rapid Rise in Threats, Demand for Greater Access Enablement and Consumerized IT as Factors Driving Growth
Cupertino, Calif. – January 26, 2011 – Forescout Technologies, Inc., a leading provider of network access control (NAC) for Fortune 1000 enterprises and government organizations, today announced year-over-year bookings growth of 44 percent, as well as profitability achievement for the second half of 2010. The announcement comes after seven continuous quarters of strong expansion across a number of industries, especially financial services and government, which are using network access control to fortify security, compliance and access agility.
Analyst firm Infonetics evaluated the 2010 NAC market and predicts an impressive 84% growth by 2014. Large-scale threats, such as the Stuxnet, Operation Aurora and Conficker outbreaks, compliance mandates and the “consumerization” of devices accessing corporate networks have kept NAC on the forefront of CIO and CSO agendas. Forescout continues to capitalize on this market opportunity by offering a highly automated, flexible and policy-based means to identify and preempt unauthorized network access, activity and malicious behavior while enabling access mobility.
“Our growth is a testament to the strength of our technology and ease of deployment by which Forescout customers can quickly address the dynamics of what device, person and application should be allowed on their network,” said Gord Boyce, CEO of Forescout. “NAC is not only about protecting access to critical resources and sensitive data, it is also about enabling business to increase opportunity and optimize productivity.”
Forescout Technologies’ progressive approach to NAC, which enforces robust network access policy in a seamless and scalable manner, offers a superior level of verification and security required for today’s extended access and increasingly diversified device usage. The infiltration of personal equipment (laptops, smartphones and USB drives) across the corporate enterprise – the consumerization of IT – has made checking permissions, access controls and security levels complicated. At the same time, more organizations are allowing smartphones and devices like iPads in the enterprise, due to employee demand and enhanced productivity. Forescout’s ability to enable customers to meet accessibility requirements and more cost-effectively manage risk has spurred tremendous growth for the company.
“Network Access Control market growth is being fueled by increased attack volume and variety, insider threats, compliance mandates and the proliferation of connected mobile devices,” said Jeff Wilson, principle analyst at Infonetics. “Among NAC market leaders, Forescout is distinguished by breadth of functionality, ease of implementation and infrastructure interoperability; these traits enable Forescout customers to do more with their NAC solutions and reap the benefits of their investment quickly relative to competing solutions.”
About Forescout Technologies, Inc.
Forescout is the leading provider of network access control and endpoint compliance solutions. With top-tier customers from every vertical, Forescout has perfected the art of providing strong access control without disrupting network operations or needlessly encumbering end users. Forescout’s flagship product, CounterACT, protects over 800 of the world’s most secure enterprises and military installations with global deployments spanning 37 countries. The CounterACT family of products provides a path to complete security policy enforcement and is fast, flexible and easy for administrators to deploy, manage and maintain. For more about the company and its products, visit www.forescout.com.