Avecto, the market leader in privilege management software, today reported that the company significantly exceeded its growth projections for its 2013 fiscal year with an increase in sales of 92 percent over the previous fiscal year.
This momentum increases Avecto's leadership in the privilege management space, which has grown rapidly throughout the year. Global brands continue to turn to Avecto to help them address the risk of users with excessive privileges. Organizations using Avecto's Privilege Guard product include some of the worlds' leading financial institutions, pharmaceutical and healthcare organizations, defense contractors and technology companies. During the fiscal year, Avecto secured many more high-profile customer wins, including a 375,000 desktop implementation at one of the world's leading technology companies, and a project for 33,000 servers at one of the world's largest banks.
This year, the company garnered significant industry and business accolades, including being commended as one of Red Herring Top100 European companies and "One to Recognise" by Sunday Times Tech Track 100. Avecto also earned the prestigious SC Magazine's Innovative Product of the Year 2013.
Avecto continued to cement its leadership position in the privilege management space with several major product releases. Privilege Guard 3.6 introduced a number of innovative features, including software download tracking, challenge/response controls and support for Windows 8 store apps. Privilege Guard ePO edition was also released, which is the only privilege management solution that can be fully managed through McAfee ePolicy Orchestrator, McAfee's central management framework for its leading security products. Avecto also announced major enhancements to its Enterprise Reporting Pack, with a stylish new look, and extensive dashboards and reports.
Mark Austin, CEO of Avecto, said, "Avecto's fiscal year 2013 success is indicative of the growing need for privilege management. Our development of Privilege Guard has been recognized with significant industry and business accolades, and the number of global organizations and partners now working with us is testimony to this success. Without doubt, this fiscal year has firmly put Avecto at the head of privilege management arena and has given us a solid foundation upon which to continue to build and achieve our long term growth objectives."
Update: Privilege Guard is now Defendpoint
Privilege Guard has now evolved into the new security suite, Defendpoint, which encompasses Privilege Management, Application Control and Sandboxing. For more information, please visit www.avecto.com/defendpoint.