The company’s quarterly results indicate substantial growth thanks to rising demand for visibility among organizations in the industrial and healthcare sectors.
Irvine, CA, August 15, 2017
Netwrix Corporation, provider of a visibility platform for user behavior analysis and risk mitigation in hybrid environments, today announced the results of Q2 2017, which highlight 118% YoY growth across the industrials sector and 65% growth across the healthcare industry, boosted by the release of the new Netwrix Auditor 9.0. Netwrix also reported an increase in revenues from new businesses, considerable growth in several regions, new industry research and professional recognition from top industry experts.
"The global rise in ransomware attacks demonstrates that all industries are now vulnerable to evolving cyber threats," said Michael Fimin, CEO and co-founder of Netwrix. "The increase in headline-making data breaches and the growing sophistication of ransomware attacks like WannaCry and NotPetya forces organizations to make IT security their top priority and seek new ways to protect their critical data against existing and future cyber threats. As a result, we expect a surge of interest in products that enable control over user activity and empower organizations to quickly detect and respond to aberrant behavior so they can protect their sensitive data against loss and exfiltration."
Netwrix Corporation was the first vendor to introduce a visibility and governance platform for hybrid cloud security. More than 160,000 IT departments worldwide rely on Netwrix to detect insider threats on premises and in the cloud, pass compliance audits with less effort and expense, and increase productivity of IT security and operations teams. Founded in 2006, Netwrix has earned more than 100 industry awards and been named to both the Inc. 5000 and Deloitte Technology Fast 500 lists of the fastest growing companies in the U.S. For more information, visit www.netwrix.com
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