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Black Hat – Armsthe asset intelligence and cybersecurity company, today announced annual recurring revenue (ARR) of over $200 million, doubling its annual recurring revenue in less than 18 months and becoming one of the few companies to achieve this rapid growth not only in the cybersecurity market, but among all SaaS companies worldwide.
Armis’ explosive growth is based on its award-winning AI-powered cyber exposure management platform Armis Centrix™used by the world’s leading companies, including 35 of the top Fortune 100 companies. Customers such as United Airlines, US Postal Service, Ryanair, Mondelez, Reckitt and Flex rely on Armis to secure their most critical environments. Strong demand from national, state, local and federal agencies has led to increased deployment of Armis solutions worldwide. Armis also saw sustained momentum in North America, EMEA and Asia Pacific, enabling Armis to double its annual revenue in less than 18 months.
“This significant milestone not only reflects our strong financial growth over the past year, but also demonstrates the continued trust that Fortune 100, 200 and 500 companies, large private organizations and healthcare systems, and governments place in us to protect their mission-critical assets and infrastructure,” said Yevgeny Dibrov, co-founder and CEO of Armis. “Our commitment to empowering organizations with trusted asset and security intelligence, proactive defense strategies, and comprehensive risk management is now stronger than ever. As we expand our reach to more and more industries, this milestone fuels our efforts to ensure every organization can operate with confidence in the face of ever-evolving threats.”
Armis’ mission is to protect the entire attack surface of organizations through real-time cyber risk management. The cloud-based Armis Centrix™ platform and associated solution suite proactively reduce all risks to cyber assets by identifying every asset, from the ground to the cloud, remediating vulnerabilities and blocking threats to give organizations the confidence that all critical assets are protected.
Demand for Armis’ award-winning Armis Centrix™ platform continues unabated. Armis has expanded its capabilities and offerings through the two acquisitions of CTCI and Silk Security Expanded earlier this year. The Armis Centrix™ product suites now offer deeper vulnerability reduction, prioritization, remediation, risk management and threat intelligence. The company has developed a world-class partner-first approach and has built some key partnerships over the past few years, including with Accenture, Blackwood, Booz Allen Hamilton, CDI, Fortinet, GuidePoint Security, HCl, KPMG, Nomios, Optiv, Presidio, PWC, Softcat, Source IT Technologies, Telia Cygate, WWT and the AWS and Google Marketplaces.
“We have spent the past year focused on growing efficiently, strengthening customer loyalty, launching our Armis Centrix™️ platform with its five product suites, and expanding our channel partner engagement,” said Jonathan Carr, Chief Financial Officer of Armis. “Thanks to our recent acquisitions and expanded capabilities, we continue to see strong demand for our platform and its products and are growing significantly faster than the leading public companies and our own industry peers.”
“Armis is an integral part of Main Line Health’s cybersecurity program and provides unparalleled visibility into all assets and devices in our environment,” said Aaron Weismann, Chief Information Security Officer at Main Line Health. “As a hospital system whose goal is to provide safe, high-quality, accessible and affordable care to treat and cure disease, Armis allows us to focus on what matters most.”
Armis’ comprehensive platform offering has already been recognized by industry analysts with two best practices awards from Frost & Sullivan: Customer Value Leadership for OT Cybersecurity and Technology Innovation Leadership for Global Healthcare Cybersecurity.
Further recognition from industry analysts:
The Forrester Wave™: Operational Technology Security Solutions, Q2 2024, “Armis is ideal for organizations that need to manage a heterogeneous and sprawling IoT and OT environment.”
Manuel Alborez, Frost & Sullivan Best Practices Research Analyst, „ Centrix™ Arms Day “One of the most compelling features of the Armis platform is that it provides a real-time, contextual view of the environment and security posture from a single interface, monitoring and managing all resources relevant to patient care, including IT, OT, IoT, medical devices, enterprise resources, and cloud infrastructure. In addition to this comprehensive visualization, Armis offers state-of-the-art threat intelligence and forensic monitoring capabilities.”
Danielle VanZandt, Frost & Sullivan Industry Manager – Commercial & Public Security: “Against the backdrop of an ever-expanding IT ecosystem, Armis provides its customers with the centralized management they need to protect their businesses. Organizations are increasingly moving away from network-focused security. Armis is aware of the potential vulnerabilities of all types of assets, so they can guide security teams in proactive risk mitigation measures, ensuring the robustness of essential business processes across multiple sectors.”
Chris Ray, GigaOm Analyst: “Armis is one of the leading players in the ASM landscape and focuses on asset discovery and management. At its core, the platform relies on a dual approach to asset discovery: integration-based discovery for known assets and deep packet inspection (DPI) of network traffic to detect everything else.”
Armis has received additional analyst accolades and awards over the past 12 months that are a testament to the award-winning Armis Centrix™ platform and the company’s approach to customer success:
The following awards were won last year:
About Armis
Armis, the asset intelligence and cybersecurity company, protects the entire attack surface and manages organizations’ cyber risks in real time. In a rapidly changing world without borders, Armis ensures organizations can see, protect and manage all critical assets at all times – from the ground to the cloud. Armis secures Fortune 100, 200 and 500 companies as well as national governments, state entities and local agencies, helping to keep critical infrastructure, economies and society safe and secure 24/7. Armis is a privately held company headquartered in California.
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Contact for media:
Rebecca Cradick,
Senior Director, Global Communications
Arms
[email protected]
