"We capped off another successful quarter of execution and remain on-track to produce $30 million in GAAP revenue for 2012 and achieve a $35 million run-rate by year-end," said Gray Hall, president and CEO of Alert Logic. "In addition to a strong quarter in sales, we launched our new Web Security Manager product line. In doing so, we transformed a leading web application firewall into a fully managed multi-tenant offering in a matter of months, thereby completing the full product and corporate integration of the acquisition of Armorlogic earlier this year. We already see huge demand for this product line across all of our channels."
Third quarter highlights include:
-- Expansion of the company's portfolio of security solutions with the
introduction of Web Security Manager with ActiveWatch, combing
world-class web application firewall technology with advanced managed
security services from Alert Logic's Security Operations Center;
-- Publication of the second Alert Logic State of Cloud Security Report, a
semi-annual quantitative report based on empirical data of security
threats observed in hosted and cloud environments and on-premise
environments; and
-- Recognition in the Houston Business Journal's Fast 100 Growth Companies