Growth fueled by launch of Unified SASE as a Service, marquee
customer wins and key executive appointments
SANTA
CLARA, Calif., July 16, 2024 /PRNewswire/ --
Aryaka®, the leader in and first to deliver Unified SASE
as a Service, today announced its fiscal year 2024 (July to June)
results, a landmark year for the company, punctuated by a
34% increase in new bookings year-over-year and an 80%
increase in security product bookings, as well as adding dozens of
new enterprise customers. This strong performance reflects the
industry's growing need for secure and agile networking solutions,
which Aryaka continues to address through its innovative offerings,
such as its Unified SASE as a Service and Aryaka
AI>Perform GenAI network acceleration solution. Building on
this foundation, the addition of CEO Shailesh Shukla and other key executive
appointments during the year were instrumental in driving Aryaka's
vision and its successful execution.
"Between new offerings, customer wins, and executive
appointments with a proven track record of success, 2024 was a
groundbreaking year for Aryaka. However, we've only scratched the
surface of our capabilities," said Shukla. "We've differentiated
ourselves in the market with our Unified SASE as a Service
offering, and we're fully invested in continuing to deliver
unmatched networking, security and observability services to our
customers. The recent launch of Aryaka AI>Perform is an example
of our leading innovation that will allow customers to maximize the
benefits of AI as they begin to integrate AI and GenAI applications
into their global businesses. With additional pillars of our
AI>Initiative set to roll out later this year, as well as more
improvements and functionality in our core service offerings, we're
well-positioned to maintain strong momentum as we kick off fiscal
year 2025."
Marquee Customer Wins and Growing Opportunity
As part of the company's fiscal year '24, Aryaka secured marquee
customer wins globally, including Cathay Pacific Airways, American
Woodmark Corporation and SEG Automotive. New customer
wins contributed over $30 million in
contract value to Aryaka.
According to investment bank Jeffries, the broad market for SASE
is expected to grow at a compound annual growth rate of 20% over
the next 3 years and reach over $26
billion. With over 500 existing enterprise customers,
more than $100 million in ARR
and deployments in over 100 countries, Aryaka Unified SASE as a
Service is well positioned for continued customer acquisition and
revenue growth in its fiscal year '25 and beyond.
Partner-led Growth
The Aryaka Accelerate Global Partner Program was once again
critical to the company's overall success. Partners increased sales
of Aryaka solutions by 26% fiscal year over year, accounting for
two-thirds of new logo wins, including the largest new customer
transaction in company history.
"Aryaka is a channel-first company, and these results
demonstrate our unwavering commitment to the channel and the
tremendous value that our partners deliver to both Aryaka and our
shared customers. The channel results also underscore the critical
role partners will continue to play in our growth in fiscal '25 and
beyond," Shukla said.
Investing in Innovation: Product, People and Go to
Market
"It's our time," Shukla added, echoing the theme of the
company's Global Sales Kick-off in Jacksonville Florida. "To take advantage of
this opportunity, we will be making significant additional
investments in product, people, go-to-market programs, customer
success and partnerships throughout our new fiscal year."
Launched in March of this year, Aryaka Unified SASE as a Service
became the first service of its kind, delivering performance,
agility, simplicity and security without tradeoffs. Combining a
unified single-pass architecture and global private network
backbone, Aryaka Unified SASE as a Service offers a comprehensive
network security solution, including security, observability, and
application performance capabilities, all in a single platform
delivered as a service. It's the only solution that meets customers
where they are, enabling them to modernize, optimize and transform
their networking and security environments today and in the
future.
Delivered natively on Aryaka Unified SASE as a Service, Aryaka
introduced Aryaka AI>™Perform in June. Another first-in-market
offering, Aryaka AI>Perform is a GenAI network acceleration
capability that helps businesses ensure reliable, high-performance
access to Gen AI applications across their global networks. This
release is the first offering from the new Aryaka AI>Initiative,
which is continuing development and expecting additional releases
throughout the coming fiscal year.
To support the new offerings and in response to customer demand,
Aryaka further invested in the company's existing infrastructure to
ensure secure network performance across an expanded global
footprint and to better serve growing markets. This investment was
highlighted by the launches of an Aryaka Point of Presence (PoP) in
Stockholm, Sweden, in January and
Madrid, Spain, in May.
Additionally, Aryaka launched PoPs in Denver, Colorado, and Atlanta, Georgia.
Shailesh Shukla, formerly of
Google Cloud and Cisco, who was named CEO and Executive Chairman in
February, oversaw the launches of Aryaka Unified SASE as a Service
and Aryaka AI> Perform. Following his appointment, Aryaka
bolstered its leadership team further with three additional
executives in April: Pam Holmberg,
Chief People Officer; Farzad Tari,
Senior Vice President of Corporate and Business Development and
Ken Rutsky, Chief Marketing Officer.
Also today, Aryaka announced the additions of
Justin Lim, previously from Wiz and
Netskope, as Vice President of Customer Success; noted security
practitioner Aditya Sood from F5, Symantec and Bluecoat as Vice
President of Security Engineering and AI Strategy; Louise Crawford as Senior Director of Growth
Marketing from Silver Peak and Tata Communications and welcomed
back Naveen Maveli as Vice President of Engineering. Maveli
returned to the team after a stint at Meta.
Shukla concluded, "In response to the market opportunity we see
in front of us, we're excited and optimistic about capturing a
growing share of the exploding SASE market with our Unified SASE as
a Service offering. We've got the product and the team both built
for success."
About Aryaka
Aryaka is the leader and first to deliver Unified SASE as a
Service, the only SASE solution designed and built to deliver
performance, agility, simplicity and security without tradeoffs.
Aryaka meets customers where they are on their unique SASE
journeys, enabling them to seamlessly modernize, optimize and
transform their networking and security environments. Aryaka's
flexible delivery options empower enterprises to choose their
preferred approach for implementation and management. Hundreds of
global enterprises, including several in the Fortune 100, depend on
Aryaka for cloud-based software-defined networking and security
services. For more on Aryaka, please visit www.aryaka.com.
Technology Media/Analyst Contact
Lee Regal
Lumina Communications for Aryaka
aryaka@luminapr.com
Channel Media/Analyst Contact
Khali Henderson
Senior Partner
BuzzTheory (for Aryaka)
khenderson@buzztheory.com
480.848.6726
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SOURCE Aryaka