|Page (1) of 1 - 01/18/12||email article||print page|
Alert Logic Drives Accelerated Revenue Growth in 2011Company Reaches $25 Million in Annualized Recurring Revenue (January 18, 2012)
HOUSTON, TX -- (Marketwire) -- 01/18/12 -- Alert Logic (www.alertlogic.com), the leading provider of Security-as-a-Service solutions for the cloud, today announced record growth for 2011. The Company recorded $21.4 million in GAAP revenue for the fiscal year ended December 31, 2011, a 44 percent increase over the same period in 2010. This follows annual revenues of $14.9 million in 2010, which was up 42 percent over 2009.
Increasing market demand and broader channel penetration for Alert Logic's comprehensive suite of Security-as-a-Service solutions resulted in accelerated growth during 2011, with each quarter showing a larger growth rate than the one before. The Company recorded fourth quarter revenue of $6.1 million, representing a 45 percent year over year increase. Furthermore, Alert Logic's annualized revenue run-rate in the month of December 2011 was $25 million -- marking the successful achievement of an important growth milestone for the company.
"Entering 2012 as a $25 million company was a goal we set for ourselves at the beginning of 2011," said Gray Hall, Alert Logic's president and CEO. "Our growth rate has accelerated over the past two years, and we have plans to continue accelerating our rate of growth in 2012 and beyond."
Among Alert Logic's notable highlights for 2011:
- Announced the limited availability of the first fully managed advanced network security solution in Amazon Elastic Compute Cloud (EC2) environment, the world's largest public cloud. Alert Logic expects to launch general availability of Alert Logic Threat Manager for Amazon EC2 in the first half of 2012.
- Launched the Cloud Acceleration Partner Program (CAPP), enabling technology partners to deliver security solutions as fully managed security services.
- Integrated Alert Logic's solutions for vulnerability assessment, intrusion detection and log management into SunGard Availability Services' suite of managed security services, which is a finalist for SC Magazine's Reader Trust Award for Best Managed Security Service.
- Added key executive roles, including Rohit Gupta, VP of Business Development and Chris Noell, VP of Product Management, who will each play a critical role in helping to advance the Company's portfolio of Security-as-a-Service solutions.
More than half of the largest managed hosting and cloud service providers use Alert Logic's services to secure their customer environments, making Alert Logic the de facto standard for securing infrastructure in hosted and cloud environments. 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.
About Alert Logic
Alert Logic, the leading provider of Security-as-a-Service solutions for the cloud, provides advanced security tools coupled with 24×7 Security Operations Center expertise allowing customers to defend against security threats and address compliance mandates. By leveraging an "as-a-Service" delivery model, Alert Logic solutions include day-to-day management of security infrastructure, security experts translating complex data into actionable insight, and flexible deployment options to address customer security needs in any computing environment. Built from the ground up to address the unique challenges of public and private cloud environments, Alert Logic partners with over half of the largest cloud and hosting service providers to provide Security-as-a-Service solutions such as intrusion protection, vulnerability assessment and log management for over 1,500 enterprise customers. Alert Logic is based in Houston, Texas, and was founded in 2002. For more information, please visit http://www.alertlogic.com.
Copyright @ Marketwire
Related Keywords: Alert Logic, Security, Business Issues, Cloud Computing, Threats, infrastructure, application services, Public cloud, Management, CEO/CFO, Marketwire, , IT (Information Technology), Security, Business,