BeyondTrust Focus on Delivering Customer Value Proves Successful Formula for Driving Innovation and Strong Financial Discipline
July 16 2024 - 10:23AM
BeyondTrust, the global cybersecurity leader protecting Paths to
Privilege™, today announced record success in the first half of
2024. Through the combination of new products, expanded features,
and capabilities within the BeyondTrust Platform, BeyondTrust has
advanced the landscape of identity-first security, significantly
reducing customer’s risk across their entire identity fabric.
In surpassing $400M in Annual Recurring Revenue (ARR),
BeyondTrust continues to demonstrate strong revenue growth while
also maintaining profitability by exceeding the “Rule of 40” growth
metric, a key performance indicator in the technology industry.
This achievement underscores BeyondTrust’s robust financial health
and market momentum.
“BeyondTrust’s accelerated successes in the first half of this
year are the direct result of our unwavering commitment to
delivering real value to our customers, enabling them to protect
their paths to privilege,” says Janine Seebeck, CEO of BeyondTrust.
“At the same time that we are investing in our products and our
people to drive innovation, we are delivering outstanding financial
results that enable us to achieve our strategic goals.”
Addressing the Evolving Threat Landscape
With attackers constantly adapting and evolving their methods,
BeyondTrust’s identity-centric solutions are designed to eliminate
customers’ blind spots related to identity and privilege, by
providing holistic visibility, simplified management, and
intelligent protection across their pathways to privilege. With a
“think like hacker” approach to innovation, AI and ML (machine
learning) play critical roles in the continuous improvement of
identity security posture.
BeyondTrust’s identity-first approach to securing paths to
privilege has been recognized in the following ways in the first
half of 2024:
- Named an ITDR
Leader: Recognized as an “Overall Leader” in KuppingerCole
Analysts AG’s 2024 Leadership Compass, Identity Threat Detection
and Response (ITDR): IAM Meets the SOC, as well as a leader in the
Innovation, Product, and Market categories.
- FedRAMP Moderate
Certification: Achieved Federal Risk and Authorization
Management Program (FedRAMP®) authorization for Remote Support and
Privileged Remote Access to operate (ATO) at the moderate impact
level, as well as reciprocity for TX-RAMP Level 2 certification
based on the FedRAMP Moderate package.
- Received 2024 Tech Innovator
Award by CRN: Recognized in the identity security category
as a vendor focused on key capabilities, uniqueness, technological
ingenuity, and ability to address customer and partner needs.
Additionally, thousands of customers and partners attended Go
Beyond World Tour regional events, as well as BeyondTech
partner-only technical training sessions, held in locations around
the globe and virtually. Participants heard from industry leaders
and technical experts on a range of security topics, in-depth use
cases highlighting real-world scenarios, and best practices for
achieving their identity security goals.
1H 2024 Product Innovations
Entitle Acquisition
The integration of Entitle into the BeyondTrust platform enables
customers to simplify and automate fine-grained permissions to
reduce risk and workload, marking a significant leap forward:
- Just-In-Time (JIT)
Access: Strengthens BeyondTrust’s ability to manage JIT
access and modern identity governance, especially across cloud
environments.
- Cloud Infrastructure
Entitlement Management (CIEM): Enhances BeyondTrust’s PAM
capabilities by integrating advanced CIEM features, helping
organizations manage cloud permissions and roles effectively.
- Integration with Over 150
Applications: Enables seamless integration with numerous
applications, enhancing the ability to manage access policies
across cloud and on-premises environments.
Identity Security Insights
Continued enhancement of Identity Security Insights enables
organizations to gain a holistic view of their identity security
posture and leverage precise detections and recommendations:
- Visibility and Coverage Expansion: Enables
organizations to gain a more comprehensive understanding of their
identity estate across on-premises Password Safe and public clouds,
including AWS Organizations and Identity Centers, Google Cloud, and
GitHub (SaaS) environments.
- New AI/ML-Powered Threat Detections and
Recommendations: Helps combat an ever-evolving threat
landscape with the ability to detect exploitable privilege
escalation paths within Active Directory (including those involving
Group Policy Object ownership), brute force attacks on highly
privileged accounts that are not managed by Password Safe and do
not have MFA enabled, and suspicious API access or user logins from
malicious IPs across BeyondTrust Privileged Remote Access and
Password Safe.
- Advanced, Out-of-the-Box Filters: Identifies a
customer’s greatest risks across all views (identities, accounts,
detections, and recommendations) without needing to deep-dive into
datasets and attributes.
- Webhook Integrations: Sends information and
data directly to third-party applications, providing customers with
automatic notification of detections and recommendations in their
preferred incident response and security tools, eliminating the
need to manually chase threats, and enabling rapid and
collaborative threat detection and remediation.
Password Safe
The release of new features and capabilities to BeyondTrust
Password Safe continue to advance the visibility and control over
privileged credentials and secrets:
- Integration with Identity
Security Insights: Layers AI-based detection capabilities
onto automated credential management, real-time session management
and monitoring, and advanced auditing and forensics capabilities,
unlocking powerful identity threat detection and response (ITDR)
capabilities across the entire identity environment and enabling
organizations to improve the management and protection of
privileged identities and accounts.
- Secrets Management for
Ansible and GitHub: Formerly a separate module, but
now a standard feature of Password Safe, Secrets Safe addresses
non-human identities and the siloed approach to DevOps secrets
management by providing developer-friendly secrets management for
Ansible and GitHub, removing administrative and DevOps
complexity.
- PingOne DaVinci
Integration: Enables admins to terminate/lock all Password
Safe sessions on a host (by hostname) and/or provide a particular
identity (by username) with access across the environment; also
allows an active request to be terminated and/or denied as part of
this connector configuration.
Endpoint Privilege Management
Continued investment in the BeyondTrust Endpoint Privilege
Management solution provides further resilience against
identity-based attacks:
- Simplified Management of
Automatic Updates: Enables seamless customization and
management of how automatic updates are executed on the endpoints
in the customer’s estate from the Privilege Management Console,
dramatically reducing the workload for overstretched IT and
security teams.
- Advanced Policy Management
Tools: Ensures compliance with least privilege principles
with new and enhanced tools for automating and streamlining policy
enforcement for Windows, Mac, Unix, and Linux environments.
Privileged Remote Access
BeyondTrust's latest enhancements to Privileged Remote Access
are designed to bolster security and access control within dynamic
environments.
- Kubernetes Proxy:
Empowers users to securely control access to all Kubernetes
clusters through Privileged Remote Access, bringing the product’s
industry-leading identity security and defense to all Kubernetes
environments.
- Network Tunneling:
Serves as the single access pane for network access to any non-TCP
device. Enables quick, granular control at the IP, port, and
protocol levels. Users benefit from holistic visibility across all
IT and OT environments.
- Expanded Privileged Remote
Access Vault Capacity: Simplifies the management of
identity security, allowing users to securely manage, discover, and
rotate up to 100k credentials.
Remote Support
Continued investment in the capabilities of BeyondTrust Remote
Support, the leading choice for securely accessing and supporting
any device or system in the world:
- Multiplayer Mode:
Enables secure initiation of shared support sessions with
collaborators simultaneously, providing just-in-time access to
support technicians and users for every remote access session.
- Expanded Remote Support
Vault Capacity: Simplifies the management of identity
security, allowing users to securely manage, discover, and rotate
up to 100k credentials.
- HaloITSM
Integration: Allows Remote Support to launch from any
browser with no downloads required and enables automatic updates to
the support ticket, providing detailed analysis and visibility to
increase first call resolution rates and shorten ticket response
times, negating the need for on-site visits with improved
performance tracking, and enabling compliance and training with
advanced session logging.
Enhancements Across the BeyondTrust
Platform
- AI and Predictive
Analytics: BeyondTrust is embedding data scientists in its
specialist research team as we drive innovation in uncovering and
remediating identity security risks and active threats, harnessing
Artificial Intelligence (AI) and Machine Learning (ML) to enrich
context, improve anomaly detection accuracy, and create new
innovative recommendations and detections.
- Expanded Data Lake:
BeyondTrust’s investments in the BeyondTrust Platform continue to
bridge data across silos, providing a comprehensive view of the
identity estate to help identify hygiene issues, enforce least
privilege, and provide actionable insights to help defenders turn
the tables on threat actors.
About BeyondTrust
BeyondTrust is the global cybersecurity leader protecting Paths
to Privilege™. Our identity-centric approach goes beyond securing
privileges and access, empowering organizations with the most
effective solution to manage the entire identity attack surface and
neutralize threats, whether from external attacks or insiders.
BeyondTrust is leading the charge in transforming identity
security to prevent breaches and limit the blast radius of attacks,
while creating a superior customer experience and operational
efficiencies. We are trusted by 20,000 customers, including 75 of
the Fortune 100, and our global ecosystem of partners. Learn more
at www.beyondtrust.com.
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For BeyondTrust:
Mike BradshawConnect Marketing for BeyondTrustP: (801)
373-7888E: mikeb@connectmarketing.com