Innovative technology, new partnerships with market leaders, and strategic hiring drives success in expanding AI-powered network security category
REDWOOD CITY, CA, January 31, 2019 – Lastline®, the market leader in AI-powered network security, announced today record-breaking results for its 2018 fiscal fourth quarter that ended December 31st. During this period the company advanced its cybersecurity leadership position, nearly doubling its customer base in the Network Traffic Analysis (NTA) category. In the second half of the year the company announced its new flagship product plus industry-wide accolades and awards, and appointed two industry veterans, John DiLullo as CEO and Greg Enriquez as SVP and Chief Revenue Officer.
“The latest generation of cyberthreats has completely overwhelmed traditional enterprise security measures and teams,” commented Lastline CEO, John DiLullo. “Our AI-powered technology stops more zero-day threats than anything else in the industry. Unlike other products, we virtually eliminate false positives, which is critically important to understaffed security teams. Companies of all sizes are impressed by our high-fidelity detection of attacks entering and operating within their networks and our ability to defeat threats in the public cloud and on-premises data center. Lastline’s Q4 results reinforce how our solutions are resonating with customers and have captured the imagination of security practitioners worldwide.”
In the second half of 2018, Lastline:
• Achieved Record Sales
Q4 saw 114 percent year-over-year (YoY) growth in new business sales driven by growing demand for its products and brisk sales in an extremely competitive environment.
• Released Innovative New Technology
The company launched its new flagship product, Lastline Defender, featuring unique AI-powered technology that detects advanced threats attempting to enter or operating within a network before they cause a major disruption to business operations. Unlike competing solutions, Lastline Defender applies AI to both network activity and malicious behaviors, providing complete insight and context of a breach, without false positives. It’s what the company refers to as AI Done Right.
• Bolstered Executive Management
To lead increasing growth and success, the company hired:
John DiLullo, CEO – In October, the company hired veteran security executive, John DiLullo, as CEO. Mr. DiLullo brings 25 years of demonstrated success in enterprise security, networking, and AI, plus go-to-market expertise spanning sales, marketing, customer success and support, and operations.
Greg Enriquez, SVP and Chief Revenue Officer – Effective the first week of January, Greg Enriquez joined the company to head up the global sales organization. Mr. Enriquez has proven success in driving enterprise security sales growth and brings a diverse general management pedigree honed through two successful CEO positions.
• Expanded Strategic Relationships with Tier 1 Partnerships
Lastline’s large and growing number of successful partner relationships with market leaders illustrates the company’s role as a powerhouse in the Enterprise Security market. The company expanded its list of strategic partnerships with the addition of Tripwire, Synnex, and Trustwave, a Gartner Magic Quadrant “Leader.”
• Received Prestigious Industry Recognition and Awards
Lastline was named to the Inc 5000 list of the fastest growing private companies and was one of only seven security companies named to the Red Herring Top 100 Global list of leading private companies. The company also earned industry recognition by being named to the SaaS Report Top 25 Cybersecurity Companies of 2018, and CIO Review’s list of the 10 Most Promising Cybersecurity Solution Providers for 2018. Info Security Products Guide honored Lastline with awards in three categories in its Global Excellence Awards, ACQ5 named Lastline Gamechanger of the Year and Technology Company of the Year in Network Security, and the company received 2018 Golden Bridge Awards for New Security Software Products and Innovations in Technology, as well as the Cybersecurity Breakthrough Award in Threat Detection Innovation.
• Joined the Cyber Threat Alliance
The Cyber Threat Alliance (CTA) is a nonprofit organization working to improve the cybersecurity of the global digital ecosystem. CTA, with a total membership of 21 forward thinking companies from across the cybersecurity industry, shares timely, actionable, and contextualized threat information to improve defenses against advanced cyber adversaries. Lastline will be sharing with CTA members Indicators of Compromise (IOCs) related to new malware variants or new IOCs related to existing variants that are uncovered by the company’s patented Deep Content Inspection of potentially malicious files and websites.
• Hired Aggressively to Fuel Expansion
By the close of 2018 the company had nearly doubled the size of its direct sales organization and completed a significant expansion of its engineering and company operations teams, continuing its high-growth hiring campaign started in 2017 as the company expands global operations to meet growing market demand.
Lastline, Inc. provides innovative AI-powered network security products that detect and defeat advanced threats entering and operating within a network. We protect network, email, cloud, and web infrastructures, minimizing the risk of damaging and costly data breaches with fewer resources and at lower cost. Headquartered in Redwood City, California with offices throughout North America, Europe and Asia, Lastline’s technology is used by Global 5000 enterprises, is offered directly and through resellers and security service providers, and is integrated into leading third-party security technologies worldwide. www.lastline.com
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Article Link: https://www.lastline.com/press/lastline-announces-record-breaking-sales-in-q4-2018/