Seattle, USA — March 23, 2015 – IOActive, Inc., the leading global provider of hardware, software, and wetware security services, announced strong business results for the fiscal year ending December 31, 2014. Growth was driven by innovative and groundbreaking research, as well as international expansion and success in vertical markets.
“IOActive had an incredible 2014 that celebrated several firsts,” said Jennifer Steffens, chief executive officer for IOActive. “Innovative research from our team helped secure success for us in vertical, emerging markets and also drove expansion within our Industrial and Vehicle practice areas globally.”
“Our steady growth is indicative of the fact that every company–be it a start-up or a 40-year-old Fortune 500 company–is a target for attackers and cyber criminals,” said Matt Rahman, executive vice president of global sales and marketing for IOActive. “Third-party security assessment is no longer a ‘nice to have’ for companies, but an accepted organizational best practice.”
Key highlights for 2014 include:
Industry-leading Research by IOActive Staff
o Mobile banking apps research highlighted vulnerabilities in mobile banking applications from some of the most influential banks around the world.
o SATCOM security research revealed issues in the satellite communication (SATCOM) terminals used by the aerospace, maritime, military and government, emergency service, industrial (oil rigs, gas, electricity), and media sectors.
o Traffic control systems research highlighted issues in traffic control systems around the world, laying the foundation for bigger security issues facing Smart Cities.
o Vehicle security research examined the world of the connected car and what it means to the automotive industry.
Market Growth and Expansion
In addition to expanding into the Middle East, IOActive continued to add new customers throughout the US, Europe, Asia, and Africa.
Expanding Service Practice Areas
IOActive expanded its Vehicle Security Service practice. The company now offers full vehicle assessments and private research, as well as a Vehicle Security Development Lifecycle program. IOActive also appointed Twitter’s Charlie Miller to its Advisory Board.
IOActive’s Industrial Service practice has been updated to address the Industrial Internet of Things (IoT) and shifts in Operational Technology (OT) customers, as well as new advances in the transportation and healthcare industries.
IOActive was included on the list of Cool Vendors for Managing OT in a Digital Business, 2014  report by Gartner, Inc.
New Hardware Lab
In addition to today’s results announcement, IOActive is launching a newly expanded hardware lab to provide services from chip to code. The lab underwent a significant transformation in 2014 when it relocated to a 5,000 square-foot space equipped with Scanning Electron Microscopes (SEMs), Focussed Ion Beams (FIBs), confocal optical imaging equipment, and a variety of analytical tools. As adversaries exploit hardware, IOActive will stay ahead through continued research.
The lab offers:
? Embedded device security analysis
? Physical attack resistance
? Low-level device firmware and driver assessment
? Chip and semiconductor analysis
? Several other services not made public
For a video overview of the lab, presented by Jason Larsen, principal security consultant for IOActive, please visit: http://www.ioactive.com/labs/resources-white-papers.html
IOActive is a comprehensive, high-end information security services firm with a long and established track record in delivering elite security services to its customers. Our world-renowned consulting and research teams deliver a portfolio of specialist security services ranging from penetration testing and application code assessment to chip reverse engineering. Global 500 companies across every industry continue to trust IOActive with their most critical and sensitive security issues. Founded in 1998, IOActive is headquartered in Seattle, US, with global operations through the Americas, EMEA, and Asia Pac regions. Visit www.ioactive.com for more information. Read the IOActive Labs Research Blog: http://blog.ioactive.com. Follow IOActive on Twitter: http://twitter.com/ioactive.
Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
 Gartner “Cool Vendors for Managing OT in a Digital Business, 2014” by Kristian Steenstrup, Earl Perkins, Alfonso Velosa, April 22, 2014