In 3 bullets, summarize why this company is different from the competition and deserves recognition:- Following ForeScout’s launch in 2000, the company quickly became the leader in network security with its network access control product and has now carved out a leadership position in the emerging IoT security market. ForeScout has a proven business and technology, which has led them to tremendous market validation.
- The company raised an additional $80 million in funding to scale operations and meet the global demand of its technology—receiving a valuation of $1 billion in a market that's estimated to be worth $170 billion by 2020. The company achieved in excess of $125 million in revenue in fiscal year 2015 (77% YOY growth) and is one of the fastest-growing cybersecurity companies in a high growth security segment, with more than 2,000 customers worldwide.
- The company has a very well established sales channel—with more than 90 percent of its business being sold through distribution partners, which enables ForeScout to meet the growing demand for IoT security. The company has a distinguished and experienced leadership team with CEO Michael DeCesare (former McAfee/Intel Security president) and two industry luminaries, David Dewalt (FireEye CEO) and Enrique Salem (former Symantec CEO), on its Board of Directors.
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