Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Risk

10/26/2012
11:10 AM
Dark Reading
Dark Reading
Products and Releases
50%
50%

Alert Logic Reports Strong Q3 2012 Results

Company achieves 43% year-over-year growth

HOUSTON, Oct. 23, 2012 /PRNewswire/ -- Alert Logic (www.alertlogic.com), the leading provider of Security-as-a-Service (SaaS) solutions for the cloud, today announced GAAP revenues for the quarter ending September 30, 2012 of $8.0 million, up 43% from the third quarter of 2011 and up more than 9% from the second quarter of 2012. The company's annualized revenue run-rate at quarter-end was $33.5 million.

"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

2012 and acknowledgement as one of the fastest-growing private companies

in America in the 2012 INC 5000.

Although privately held, Alert Logic publicly reports its GAAP revenue results and growth rates quarterly, in addition to its annualized recurring revenue under contract. Alert Logic's financial statements have been audited in accordance with Generally Accepted Accounting Principles (GAAP) since 2005. All Alert Logic revenue is derived through long-term subscription contracts, consistent with the company's SaaS business model. Alert Logic's solutions are sold directly to enterprise customers and through a diversified channel of resellers and cloud service provider partners.

Alert Logic specializes in providing a portfolio of SaaS solutions for customers of hosting and cloud service providers. More than half of the largest managed hosting and cloud service providers use Alert Logic to secure their customer environments, making Alert Logic the de facto standard for securing infrastructure in hosted and cloud environments. Alert Logic's Security-as-a-Service solutions provide customers four distinct advantages:

market-leading security tools, a fully outsourced and managed SaaS delivery model, integrated 24x7 Security Operations Center (SOC) services to monitor and provide expert guidance, and the ability to deploy wherever a customer has IT infrastructure, including the cloud.

About Alert Logic

Alert Logic, the leading provider of Security-as-a-Service solutions for the cloud provides solutions to secure the application and infrastructure stack. By integrating advanced security tools with 24×7 Security Operations Center expertise customers can defend against security threats and address compliance mandates. By leveraging an "as-a-Service" delivery model, Alert Logic solutions include day-to-day management of security infrastructure, security experts translating complex data into actionable insight, and flexible deployment options to address customer security needs in any computing environment. Built from the ground up to address the unique challenges of public and private cloud environments, Alert Logic partners with over half of the largest cloud and hosting service providers to provide Security-as-a-Service solutions for business application deployments for over 1,900 enterprises. Alert Logic is based in Houston, Texas, and was founded in 2002. For more information, please visit http://www.alertlogic.com.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
US Capitol Attack a Wake-up Call for the Integration of Physical & IT Security
Seth Rosenblatt, Contributing Writer,  1/11/2021
IoT Vendor Ubiquiti Suffers Data Breach
Dark Reading Staff 1/11/2021
The Data-Centric Path to Zero Trust
Altaz Valani, Director of Insights Research, Security Compass,  1/13/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
2020: The Year in Security
Download this Tech Digest for a look at the biggest security stories that - so far - have shaped a very strange and stressful year.
Flash Poll
Assessing Cybersecurity Risk in Today's Enterprises
Assessing Cybersecurity Risk in Today's Enterprises
COVID-19 has created a new IT paradigm in the enterprise -- and a new level of cybersecurity risk. This report offers a look at how enterprises are assessing and managing cyber-risk under the new normal.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-7343
PUBLISHED: 2021-01-18
Missing Authorization vulnerability in McAfee Agent (MA) for Windows prior to 5.7.1 allows local users to block McAfee product updates by manipulating a directory used by MA for temporary files. The product would continue to function with out-of-date detection files.
CVE-2020-28476
PUBLISHED: 2021-01-18
All versions of package tornado are vulnerable to Web Cache Poisoning by using a vector called parameter cloaking. When the attacker can separate query parameters using a semicolon (;), they can cause a difference in the interpretation of the request between the proxy (running with default configura...
CVE-2020-28473
PUBLISHED: 2021-01-18
The package bottle from 0 and before 0.12.19 are vulnerable to Web Cache Poisoning by using a vector called parameter cloaking. When the attacker can separate query parameters using a semicolon (;), they can cause a difference in the interpretation of the request between the proxy (running with defa...
CVE-2021-25173
PUBLISHED: 2021-01-18
An issue was discovered in Open Design Alliance Drawings SDK before 2021.12. A memory allocation with excessive size vulnerability exists when reading malformed DGN files, which allows attackers to cause a crash, potentially enabling denial of service (crash, exit, or restart).
CVE-2021-25174
PUBLISHED: 2021-01-18
An issue was discovered in Open Design Alliance Drawings SDK before 2021.12. A memory corruption vulnerability exists when reading malformed DGN files. It can allow attackers to cause a crash, potentially enabling denial of service (Crash, Exit, or Restart).