Alert Logic, the leading provider of log management, intrusion detection and cloud security solutions for enterprises and services providers, today announceda strong finish to 2010 with its fiscal year ended Dec. 31, 2010. Alert Logic recorded $15 million in GAAP revenue for calendar-year 2010, up 42 percent over calendar-year 2009. Annualized recurring revenue (ARR) under contract as Alert Logic entered 2011 totaled $18 million, an increase of $8 million ARR in new business in 2010 and a 44 percent increase over year-end 2009. In addition, the fourth quarter of 2010 marked Alert Logic’s sixth consecutive quarter of positive and growing EBITDA. “As more organizations moved their IT infrastructure to the cloud in 2010, service providers saw an increased demand for fully productized managed security services,” said Gray Hall, president and CEO at Alert Logic. “Alert Logic achieved record sales in 2010 based on the strength and success of our unique service provider partners. Having forged numerous new and deeper relationships with our service provider channel, we expect our rapid revenue growth and sales momentum to continue throughout 2011.” Notable highlights for Alert Logic in 2010 include:
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