Company surpasses $85M in run-rate revenue and 3,300 customers
HOUSTON – July 15, 2015 – Alert Logic (www.alertlogic.com), the leading provider of Security-as-a-Service solutions for the cloud, today announced GAAP revenues for the quarter ended June 30, 2015 of more than $19.6 million, up 42 percent from the second quarter of 2014. Alert Logic’s annualized revenue under contract in the month of June 2015 exceeded $85 million, up from just over $70 million at the beginning of the calendar year. Alert Logic currently has more than 3,300 customers using its cloud Security-as-a-Service solutions to protect their networks and data, across cloud, hosting and on-premises environments.
“Businesses continue to move to the cloud and increasingly they understand the need to secure applications built on public cloud platforms,” said Gray Hall, Alert Logic’s CEO. “More and more, companies are selecting Alert Logic to secure those applications, whether deployed in the cloud, on premises or in a hybrid environment. Providing fully managed Security-as-a-Service to Fortune 100 companies, small-and-medium sized businesses and start-ups, Alert Logic is redefining cybersecurity.”
Alert Logic’s notable highlights for Q2 2015 include:
- Recognition: Alert Logic Cloud Defender was named a Bronze Winner in the 2015 Info Security Global Excellence Awards.
- Executive Hires: Blake Allen joined Alert Logic as Senior Vice President & General Counsel. Blake has 25 years of experience practicing law with premier law firms throughout the United States. Most recently, Blake was Partner with Procopio, Cory, Hargreaves & Savitch LLP based in San Diego, CA. Throughout his career, Blake has specialized in corporate and securities law for both public and private companies.
- Customer Testimonials: Alert Logic was highlighted as a key cloud security provider by Colin Bodell, CTO of TIME Inc., during the Amazon Web Services Summit Keynote (1:42) San Francisco.
A privately held company, Alert Logic publicly reports its Generally Accepted Accounting Principles (GAAP) revenue results and growth rates quarterly, in addition to its annualized recurring revenue under contract. Alert Logic’s financial statements have been audited in accordance with GAAP since 2005. All Alert Logic revenue is derived through long-term subscription contracts, consistent with the company’s SaaS business model. Alert Logic’s solutions are sold to enterprise customers directly and through a diversified channel of resellers and cloud service provider partners.
Alert Logic specializes in providing a portfolio of Security-as-a-Service solutions for customers of hosting and cloud service providers. 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.