Company reaches $25 million in annualized recurring revenue
Alert Logic (www.alertlogic.com), the leading provider of Security-as-a-Service solutions for the cloud, today announced record growth for 2011. The Company recorded $21.4 million in GAAP revenue for the fiscal year ended December 31, 2011, a 44 percent increase over the same period in 2010. This follows annual revenues of $14.9 million in 2010, which was up 42 percent over 2009. Increasing market demand and broader channel penetration for Alert Logic’s comprehensive suite of Security-as-a-Service solutions resulted in accelerated growth during 2011, with each quarter showing a larger growth rate than the one before. The Company recorded fourth quarter revenue of $6.1 million, representing a 45 percent year over year increase. Furthermore, Alert Logic’s annualized revenue run-rate in the month of December 2011 was $25 million – marking the successful achievement of an important growth milestone for the company. “Entering 2012 as a $25 million company was a goal we set for ourselves at the beginning of 2011,” said Gray Hall, Alert Logic’s president and CEO. “Our growth rate has accelerated over the past two years, and we have plans to continue accelerating our rate of growth in 2012 and beyond.”
More than half of the largest managed hosting and cloud service providers use Alert Logic’s services to secure their customer environments, making Alert Logic the de facto standard for securing infrastructure in hosted and cloud environments. Alert Logic’s Security-as-a-Service solutions provide customers four distinct advantages: market leading security tools, a fully outsourced and managed SaaS delivery model, integrated 24×7 Security Operations Center (SOC) services to monitor and provide expert guidance, and the ability to deploy wherever a customer has IT infrastructure – including the cloud.
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