Forescout Provides Private Company Update
Finishes FY20 with double-digit year-over-year ARR growth and ~70% recurring revenue; key platform wins across government, financial services, healthcare and manufacturing; research and innovation leadership
Closes over 300 new logo wins during pandemic
Company extends management team with networking and security veteran Kevin O’Leary joining as Chief Product Officer,
- For the financial year ending
December 2020, Forescoutadded over 300 new customer logos. Forescoutcontinues to remain an industry-leader in Net-Promoter Scores (NPS) for both new customers and its install base. Customer success remains a key company focus.
- The company ended FY20 with double-digit year-over-year ARR growth and ~70% recurring revenue, both strong validators of mission-critical capabilities being delivered to the most important organizations around the globe.
October 2020, the company was selected as the key component of the DoD’s broad “Comply to Connect” program which will drive adoption of Forescoutpervasively within the Department of Defense, a landmark win in our industry. Forescout Research Labsannounced the discovery of major vulnerabilities in widely used TCP/IP stacks, which serve as the foundational connectivity components of millions of traditional and IoT devices. Forescoutcontinues its commitment to innovation. Forescoutis committed to open integration with important vendors in the security ecosystem. Recent examples include:
November 2020, the company announced that it advanced its leadership in industrial IoT and operational technology (OT) through industry leading partnerships and integrations with Splunk, CrowdStrike and CyberArk to bridge security gaps and strengthen the cyber-physical risk posture across the entire network.
• Earlier this year,
Forescoutannounced an expanded partnership with Arista Networks to accelerate Zero Trustsegmentation.
- While streamlining the business for future growth, investment in R&D continues. Forescout’s cloud-based device segmentation solution gained momentum in the company’s customer base and also attracted net-new logos.
Over the last six months,
“Since Advent International and
The Enterprise of Things – Secured. Learn more at www.forescout.com.
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Source: Forescout Technologies, Inc.