Denver, Jan. 17, 2019 (GLOBE NEWSWIRE) -- Swimlane, a leader in security orchestration, automation and response (SOAR), today announced the company closed 2018 with record revenue and staff growth, the addition of a European presence and increased customer acquisition velocity.
Swimlane revenue has grown by 544 percent since the beginning of 2017, and the company finished 2018 with the three strongest quarters in company history. Last year alone, Swimlane nearly tripled its annually recurring revenue (ARR) and doubled its staff size.
“Cyberattacks are not going away and are only increasing in sophistication,” said Cody Cornell, Swimlane’s co-founder and CEO. “Our rapid growth is the result of our commitment to empowering security professionals and meeting the global need for effective cybersecurity solutions that remove the burden from understaffed and overworked security operations centers.”
Swimlane accomplished record-setting sales with 10x new opportunities and saw exponential acceleration in pipeline growth. The company added new customers in financial services; local, state and federal government; professional services; managed security service providers (MSSPs); energy and other sectors with continued international expansion with a presence on four continents.
Throughout 2018, Swimlane added seven significant software releases. As a result of this significant growth, Swimlane commanded recognition in numerous awards competitions, including being named one of Built In Colorado’s "50 Startups to Watch in 2018" and the Gold Winner for Security Solution for Enterprise (Large) Innovations at the Golden Bridge Awards. The company was also named an Emerging Tech Company of the Year finalist for the Colorado Technology Association APEX Awards, a finalist for the BizWest IQ Awards in the Software—Application category, and a finalist for Computing Security Excellence’s Security Automation Award.
For more information about Swimlane, please visit https://swimlane.com/.
About Swimlane
Swimlane is a leader in security automation and orchestration (SAO). Our platform empowers organizations to manage, respond to and neutralize cyber threats with the adaptability, efficiency and speed necessary to combat today’s rapidly evolving cyber threats. By automating time-intensive, manual processes and operational workflows and delivering powerful, consolidated analytics, real-time dashboards and reporting from across your security infrastructure, Swimlane maximizes the incident response capabilities of over-burdened and understaffed security operations.
Swimlane was founded to deliver innovative and practical security solutions to organizations struggling with alert fatigue, vendor proliferation and chronic staffing shortages. Swimlane is at the forefront of the growing market for security automation and orchestration solutions that automate and organize security processes in repeatable ways to get the most out of available resources and accelerate incident response.
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