ObserveIT's Record-Breaking Business Success in the Insider Threat Industry Continues in Q2 2017

PR69332

TEL AVIV, Israel, July 17, 2017 /PRNewswire=KYODO JBN/ --

    Company sees 100% year-over-year growth, record bookings, Net Promoter

Score above 70, and fastest adoption in company history for newest product

version  

    ObserveIT [http://www.observeit.com ] , the leading insider threat

monitoring and analytics solution provider with more than 1,500 customers

around the world, today announced record-breaking business results in Q2 2017,

as it continues to reach new milestones in sales, customer satisfaction and

market penetration.

         (Logo: http://mma.prnewswire.com/media/465294/Observe_IT_Logo.jpg )

    "ObserveIT continued its record-breaking performance in the Insider Threat

industry in Q2 2017, achieving new milestones once again in sales and bookings,

customer acquisition and satisfaction, product innovation, and notable

additions to our leadership team," said ObserveIT CEO Mike McKee. "Our talented

team of professionals continues to execute in great fashion, enabling us to

beat the competition. Our customer-centric approach, dedication to innovation

and keen understanding of how to help organizations eliminate insider threats

has enabled substantial, consistent growth over time, and maintains our

position for ongoing success."

    Milestones achieved in Q2 2017 by ObserveIT include:

    - 100 percent year-over-year growth in bookings (Q2 2017 v Q2 2016)

    - Record bookings, including $1.4 million deal with one of the largest

asset management firms in the world, and highest number of $100K-plus deals in

a single quarter in company history

    - Net Promoter Score increased to greater than 70, reflecting deep customer

loyalty and satisfaction

    - Added more than 50 new customers, increasing customer base to 1,557

organizations worldwide.  ObserveIT has 3 of the top 5 banking institutions and

5 of the top 10 telco companies as customers.

    - Fastest adoption of a new product version (ObserveIT 7.0) in company

history

    Other achievements in Q2 2017 include:

    - Albert Lee joined the company as Director of the Asia Pacific region to

continue deepening market penetration in this region.

    - Welcomed Mark Sutton [https://www.observeit.com/leadership ], Vice

President and Chief Information Security Officer at Bain Capital to the

ObserveIT Board of Advisors.    

    - Released ObserveIT 7.0

[https://www.observeit.com/blog/introducing-observeit-v7_0 ] to accelerate

insider threat detection and prevention with new actionable analytics,

proactive preventive blocking features and keylogging alerts.

    For more information and a demo of how ObserveIT helps organizations become

more secure and eliminate Insider Threats visit here

[http://pages.observeit.com/request-demo.html ].

    About ObserveIT

    ObserveIT is the leading Insider Threat Monitoring and Analytics solution

with more than 1,500 customers across 87 countries.

    For more information visit: http://www.observeit.com.

    ObserveIT Media Contact:

    Kim Haimovic

    kim@observeit.com  

    +972-3-6480614

SOURCE: ObserveIT