Company surpasses $70M in run-rate revenue and 3,000 customers
HOUSTON – January 13, 2015 – Alert Logic (www.alertlogic.com), the leading provider of Security-as-a-Service solutions for the cloud, today announced that 2014 marked another year of record growth. The company recorded $58 million in GAAP revenues for the fiscal year ending December 31, 2014, representing 38% growth over 2013. Furthermore, Alert Logic’s total recurring revenue under contract in the month of December exceeded a $70 million annualized run-rate, and the company now has more than 3,000 customers using its cloud Security-as-a-Service solutions to protect their networks and data, across cloud, hosting and on-premises environments.
“Businesses are realizing that legacy IT security solutions are inadequate to protect their cloud-based applications – they recognize the need for security solutions built specifically for the cloud and delivered as a service,” said Gray Hall, Alert Logic’s CEO. “This is the reason for the strong growth that Alert Logic has achieved since the company’s inception and we anticipate continued aggressive growth as companies increasingly move their IT infrastructure to the cloud.”
Alert Logic’s notable highlights for Q4 2014 include:
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 directly to enterprise customers 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.
Alert Logic, the leader in security and compliance solutions for the cloud, provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Fully managed by a team of experts, the Alert Logic Security-as-a-Service solution provides network, system and web application protection immediately, wherever your IT infrastructure resides. Alert Logic partners with the leading cloud platforms and hosting providers to protect over 3,800 organizations worldwide. Built for cloud scale, our patented platform stores petabytes of data, analyses over 400 million events and identifies over 50,000 security incidents each month, which are managed by our 24x7 Security Operations Center. Alert Logic, founded in 2002, is headquartered in Houston, Texas, with offices in Seattle, Dallas, Cardiff, Belfast and London. For more information, please visit www.alertlogic.com.
Want to learn about Alert Logic products in more detail? Call us direct at +1.877.484.8383, for the UK call +44 (0) 203 011 5533, or complete this form. An Alert Logic representative will contact you soon.