- Annual report, formerly known as the Elite 80, highlights the most well-positioned private cybersecurity companies finding success and influencing the market landscape
- BeyondTrust is included in the annual report for the sixth time in nine years of the report’s publication and positioned as having the capability to dominate its respective marketplace
BeyondTrust, the worldwide leader in intelligent identity and access security, today announced that it has been named to JMP Securities Cyber 66. This annual report, now in its ninth year, highlights the 66 hottest privately held cybersecurity vendors who are finding market success and influencing the landscape even through difficult headwinds facing the market.
This news comes on the heels of the company’s announcement of record growth in 2022, during which it accelerated recurring revenue to 80% of total revenue, with greater than 25% YoY ARR and 90% YoY subscription ARR growth. BeyondTrust also recently introduced its new Identity Security Insights solution, which uncovers hidden privileges and attack vectors, empowering security teams to rapidly detect and address identity threats.
“Although the recent macroeconomic environment has created a significant level of uncertainty for companies and investors, threat actors have not slowed their rate of attacks simply due to turmoil in the financial markets,” says report co-author Trevor Walsh, Director of Equity Research at JMP Securities, A Citizens Company. “As a result, we have seen resilience in cybersecurity budgets as C-Suite leaders realise they cannot shortchange critical cyber initiatives at the expense of weakening the organisation’s security posture. This is especially true for identity security projects for which we continue to see elevated importance in the context of frameworks such as Zero Trust and the prevalence of identity-based attacks.”
“As the leader in intelligent identity and access security, our mission is to protect identities, stop threats, and deliver dynamic access to empower and secure a work-from-anywhere world,” said Janine Seebeck, CEO at BeyondTrust. “We are excited to be recognised by JMP Securities as a market-leading cybersecurity company addressing today’s rapidly evolving threat landscape, which is creating a new urgency to achieving cybersecurity goals. BeyondTrust protects identities and critical access from security threats while creating operational efficiencies.”