Tripwire Announces 29 Percent Growth in its Third Quarter
Strategic global partnerships fuel strong growth and market adoption
PORTLAND, Ore. — December 4, 2014 — Tripwire, Inc., a leading global provider of advanced threat, security and compliance solutions, today announced 29 percent growth in the quarter ending on September 30, 2014 as compared to the same quarter in 2013. Tripwire also saw over 40 percent license growth rates as well as double-digit growth across all product lines. In addition to revenue and licensing growth, Tripwire’s strategic enterprise partnerships are rapidly expanding, increasing 90 percent year-over-year.
“Tripwire is having an exceptionally strong year,” said Jim Johnson, CEO of Tripwire. “Our bookings, revenues and profits continue to run at record levels, and we anticipate that we finish a phenomenal year with bookings over $160 million and excellent operating profits. Tripwire has excellent cash flow and continues to demonstrate strong profitability well above our industry peers. This makes it possible for us to continue investing at record levels in our technology which, in turn, is driving strong growth in the strategic relationships we have with our customers and partners.”
Tripwire security and vulnerability management solutions protect over a million critical servers and endpoints, with more than 9,000 customers across 91 countries. More than half of Fortune 500 companies trust Tripwire with their security and compliance needs. Tripwire solutions protect many of the largest, most sensitive networks in the world, including nine of the top 10 utilities in the U.S., eight out of the top 10 global retailers and seven of the top 10 global telecommunications firms.
Tripwire is the leader in both the security configuration management and the security and vulnerability management markets. Tripwire is the largest “pure-play” competitor focused exclusively on these markets. The International Data Corporation’s (IDC) annual “Worldwide Security and Vulnerability Management 2014-2018 Forecast and 2013 Vendor Shares” report shows that Tripwire climbed to the second largest vendor in the policy and compliance category. With 10.3 percent market share in this category, Tripwire’s market presence now exceeds Symantec and is second only to IBM. Tripwire is also positioned as one of the top five vendors in the overall security and vulnerability management (SVM) market — ahead of McAfee, NetIQ, Symantec, Qualys, Rapid7 and Tenable Network Security.
“Unlike many other fast growing security firms, Tripwire’s growth is organic and self-funding,” said Kelly Lang, chief financial officer of Tripwire. “We have been able to deliver a powerful combination of excellent growth rates, operating margins above 30 percent and strong cash flows. In a volatile, highly competitive marketplace, the combination of Tripwire’s strong balance sheet and our industry-leading security solutions, along with our focus on strategic partnerships, makes us extremely optimistic about the rest of 2014 and sets us up for excellent growth in 2015.”
For more information, please visit www.tripwire.com.
Tripwire is a leading provider of advanced threat, security and compliance solutions that enable enterprises, service providers and government agencies to confidently detect, prevent and respond to cybersecurity threats. Tripwire solutions are based on high-fidelity asset visibility and deep endpoint intelligence combined with business-context and enable security automation through enterprise integration. Tripwire’s portfolio of enterprise-class security solutions includes configuration and policy management, file integrity monitoring, vulnerability management and log intelligence. Learn more at www.tripwire.com, get security news, trends and insights at http://www.tripwire.com/state-of-security/ or follow us on Twitter @TripwireInc.