AlienVault the leading provider of Unified Security Management (USM) and crowd-sourced threat intelligence, On Thursday announced that it has been named to the Tech Tour Growth 50 in Europe. The Tech Tour recognizes private technology companies that have the potential to become part of Europe’s next generation of multi-billion dollar companies, sourcing its list in conjunction with a selection committee of international venture capital firms and Silverpeak Investment Bank.
Barmak Meftah, president and CEO of AlienVault Said “It is an honor to be recognized again by the Tech Tour as one of Europe’s high-growth technology companies.” “As more organizations struggle with the challenges of hiring and retaining qualified security staff, as well as the complexity of deploying and managing multiple security products, we have seen a surge in both end user customers and MSSP partners deploying our award-winning product, USM, to improve and simplify their ability to detect and respond to today’s cyber threats.”
To identify the Growth 50, the Tech Tour selection committee researched and evaluated over 175 European private tech companies using both quantitative (valuation, sales growth, and financing) and qualitative (innovation, pedigree, and management strength) analysis. AlienVault’s management team, record sales growth, EMEA-based customer wins and channel partnerships contributed to its strong evaluation. The company ended the year with unprecedented momentum, closing out the year with more than 55% percent year-over-year sales growth. It also closed a $52 million Series E funding round in August 2015, bringing the company’s total funding to nearly $116 million. Today, more than 3,000 customers and government organizations rely on AlienVault’s USM platform and threat intelligence to detect, defend against and respond to today’s cyber-security threats.