- Website: http://www.securonix.com
- Company size (employees): 100 to 499
- Country: United States
- Headquarters Region: North America
In 3 bullets, summarize why this company is different from the competition and deserves recognition:
Securonix focuses on the application of advances in the fields of computing, statistics, behavioral sciences, machine learning and artificial intelligence for solving core security problems. The mission has resulted in the industry’s first signature-less Behavior Based Threat Detection technology, the industry’s first risk-based access outlier detection technology, and the industry’s first fuzzy logic-based identity correlation engine. Securonix pioneered the UEBA space and continues to enjoy more than 50% of the market share in this space.
Securonix is disrupting the larger legacy SIEM market with a visionary platform that leverages the power of big data, machine learning, and AI. Securonix in a year in this SIEM space has experienced 10x growth compared to legacy SIEM vendors and is continuing to grow the market share in this space. Securonix Next-Gen is also been recently recognized for its business and technology capabilities. top-tier includes being named Strong Performer in The Forrester Wave™: Security Analytics Platforms, Q3 2018, placed as the most visionary SIEM in the Gartner Magic Quadrant for SIEM, and being named Enterprise Management Associate’s “Best Value Leader” and “Best Innovator” in the 2018 Radar report for SIEM.
Last, Securonix’s mission is to be the first choice Cloud SIEM solution in the market. To that effect, we are offering customers a fully managed SaaS solution in AWS. This mission is seeing great success with more than 30% of the Securonix revenue coming from Cloud SIEM and UEBA in just over one year. Our goal is to have more than 50-60% of our revenue to come from Cloud SIEM/UEBA by 2020.
In less than 300 words, summarize the achievements of the company in the nominated category
Securonix developed an end to end Next-gen security monitoring platform and has the only purpose-built Security Intelligence and Threat Detection solution that relies on signature-less technology for the detection, monitoring, investigation, and management of information security threats and risks. The Securonix product suite includes:
Securonix Next Gen SIEM
Securonix Security Data Lake
Securonix recently introduced ResponseBot – an artificial intelligence-based capability to recommend incident response actions based on behavior patterns and relieve the stress on cybersecurity analysts and reduce incident response time by up to 95 percent.
Securonix pioneered the UEBA space and has the #1 UEBA product with over 50 percent market share. Gartner rated Securonix UEBA as the most complete UEBA solution in the market in the 2017 UEBA technology comparison. Securonix Next-Gen SIEM product was rated most visionary in the Gartner SIEM MQ for 2017 on debut in the Quadrant.
From a business standpoint, Securonix boasts over 220 top-tier customers with a growth of over 50 percent year over year. Most customers operate at the cutting edge of cyber security technology and invest in solutions that solve problems in highly innovative ways. The world’s top companies rely on the Securonix to find abnormal patterns in user access, activities, and violations that contextualize traditional security solutions with behavior intelligence to automatically identify the real cyber threats. These include Fortune 50 companies like Exxon, General Motors, AT&T, AmerisourceBergen, General Electric, Chevron, Citigroup, Target to name a few.
In August 2018, the company achieved record growth in both revenue and customer acquisition in the first half of 2018. This includes bookings that have more than doubled with a 150 percent increase year over year, subscription revenue that has nearly tripled with a 95 percent increase year over year, and a customer retention.