#IAM--AppOmni, SaaS Security Posture Management (SSPM) leader and SaaS security pioneer, today announced strong growth and momentum for the fiscal year ending January 31, 2024, during which revenues g...
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SAN MATEO, Calif.: #IAM--AppOmni, SaaS Security Posture Management (SSPM) leader and SaaS security pioneer, today announced strong growth and momentum for the fiscal year ending January 31, 2024, during which revenues grew 116%. The robust financial results accompany a series of key announcements that position the company for even greater success in 2024. Among other achievements, AppOmni added marquee names to its growing customer base, now including 25% of Fortune 100 companies. The company unveiled ground-breaking research and continues to extend its technology capabilities, which have protected nearly 250 million SaaS users. These are all critical achievements in an environment where SaaS platforms and apps represent the new operating system of businesses.
“It's truly gratifying to end our fiscal year on such a high note, and we’re equally proud of how our technology advances have stayed on the cutting edge of developments in AI and automation,” says Brendan O’Connor, CEO and co-founder of AppOmni. “Our goal has always been to offer the most comprehensive solution to secure the applications that power the enterprise. With unprecedented visibility and control across all dimensions of SaaS security, customers continue to choose AppOmni as the #1 SaaS security platform. We’re honored that the market has continued to embrace and endorse our approach to SaaS security.”
Company Expansion
AppOmni steadily expanded its operations and global footprint in 2023, including new regional deployments in Australia.
The AppOmni employee base grew by 38% year-over-year.
Customers
Throughout the year, AppOmni solidified its 95% retention rate of satisfied clients and signed new customers, including Delinian, Spencer Fane, and other Global 2000 customers.
“I needed to get a better understanding of the overall attack surface, our portfolio of applications, and their configurations and data exposure risks,” says Wai Sheng Cheng, Information Security and Risk Manager at Spencer Fane. “It was about the convenience of understanding our policy baselines. Is multi-factor authentication (MFA) even enabled in the application? What tweaks can we apply to make it more secure? The more I looked into it, the more I realized that there isn’t a product like AppOmni out there.”
Partners
AppOmni realized 40% year-over-year growth in deal registrations. The company added 17 new channel partners to its Infinity Partner Program. This is particularly significant since approximately 85% of all net new business in FY24 involved partners. On a related note, AppOmni established the Tech Alliance Program to support partners like Wiz, Salesforce, Odaseva, CrowdStrike, Splunk, and Google Cloud, allowing the company to develop technical integrations (Cribl Packs Dispensary and Splunk) and drive transactions in cloud marketplaces such as Google Cloud.
The company has built a sterling record in strategic partnerships. Among other key arrangements, AppOmni recently announced a collaboration with KPMG in Canada to offer managed SaaS security services to joint clients. AppOmni has partnered with cybersecurity specialist, Core to Cloud to offer UK-based companies a blend of tools and services to better navigate the complexities of the cloud security landscape.
“From our vantage point, we see how SaaS platforms and applications have been positively adopted at scale, but securing the SaaS apps, permissions and the data behind them has been a reactive effort,” says Mark Butler, Advisory CISO, Trace3. “This is why we feature SaaS lifecycle security platforms in our solution set. AppOmni offers a clear competitive advantage with proactive in-depth SaaS security capabilities to immediately reduce risk for mission-critical SaaS environments. We look forward to expanding our innovative partnership with AppOmni, solving new, and emerging SaaS security challenges.”
Technology Advances
AppOmni already leads the emerging SaaS Security Posture Management market. The core platform features an unmatched breadth of capabilities in areas such as data exposure alerting and prevention, data access management, identity threat detection and response, and service configuration monitoring. As the most trusted name in securing SaaS environments and business-critical applications, AppOmni analyzes 1.5 Billion SaaS security events every day and has secured 150 Million users. Already providing the industry’s largest data footprint in SaaS security, the company added to its technology arsenal thanks to continuing innovation in 2023 with:
The company recently announced AskOmni™, the first AI SSPM assistant, which redefined SaaS security and usability. With AskOmni, administrators don’t have to search through a data lake, they simply ask the system for the answer about their state of SaaS security. AppOmni also established the AppOmni OmniScience® team to harness the power of AI to operationally simplify SaaS security protocols. And it created and open sourced the SaaS Event Maturity Matrix (EMM), a threat detection framework for assessing SaaS audit logging that serves as a resource for the cybersecurity community.
Research
The company’s AO Labs–the only offensive security research team in SSPM–uncovered new SaaS security risks, including misconfiguration issues in ServiceNow, vulnerabilities in Zoom Rooms and Okta, and how data within Salesforce applications could be exposed. The team also noted a 300% increase in SaaS attacks between March and May 2023.
AO Labs uncovered 13 security misconfigurations and vulnerabilities, including five in ServiceNow, as well as others in Veeva, iManage, and SAP.
Recognition
The company racked up major industry recognition in 2023, including being named:
The SaaS Security Landscape: Understand and Protect Your SaaS Attack Surface
AppOmni VP of Security, Cory Michal, and Chief Product Officer, Harold Byun, recently hosted a threat briefing and analysis of high-level cyber attack observations gathered over several months. Watch this information-packed webinar on-demand.
About AppOmni
AppOmni is a leader in SaaS Security and enables customers to achieve secure productivity with their SaaS applications. With AppOmni, security teams and SaaS application owners quickly secure their mission-critical and sensitive data from attackers and insider threats. The AppOmni Platform continuously scans SaaS APIs, configurations, and ingested audit logs to deliver complete data access visibility, secure identities and SaaS-to-SaaS connections, detect threats, prioritize insights, and simplify compliance reporting. 25% of the Fortune 100 and global enterprises across industries trust AppOmni to secure their SaaS applications.
Follow AppOmni: LinkedIn and YouTube
Fonte: Business Wire
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