Following a record year of sales growth, Fudo Security is truly earning the title of “the fastest growing PAM vendor in the world.” The company experienced a stunning 83% year-over-year growth in Fudo PAM sales between H1 2018 and H1 2019. In addition to this, the company also saw its customers increase by 42% in the past 12 months. All this was fuelled by continued product innovation and an expansion of its channel partners in the EMEA, APAC regions, as well as other global markets. “These new figures are a testament of our continued growth in the global PAM market. We are pushing into new areas around the world, and are very proud of these positive numbers. It shows that our agent-less and session monitoring-oriented approach is working”, said Patryk Brozek, CEO of Fudo Security. “We have noticed that Password Vault is simply not enough for clients who want to be truly secured against privileged user related threats. With Fudo real-time monitoring of all their privileged traffic, they can sleep well”.
An essential component to the company’s growth strategy has been an ongoing focus on its flagship product: Fudo PAM. Next month the fourth instalment of it will go live, which will include machine learning, HTTPS recording and a new secret manager.
Fudo Security continues to innovate as it will launch its new FudoCloud.com product in a SaaS model this quarter. It has been designed specifically for small and medium-sized enterprises.
Along with securing new clients and partners in the EMEA and APAC regions, business will continue to look very bright for the company in the highly competitive PAM market.
Fudo Security is a leading provider of privileged access management (PAM) solutions with a global partner network covering 30 countries. It was listed in Gartner’s Magic Quadrant for Privileged Access Management in 2018.Their customers include financial institutions, energy companies as well as the public sector. The company’s HQ is based in the Bay Area (Newark,CA.)