Remote work accelerating cloud transformation and requirement for cloud directory platform
DENVER, CO 鈥� Jan. 12, 2021 鈥� 黑料海角91入口 announced today that it has added $25 million to its Series E financing, closing the oversubscribed growth round at $100 million. Funds managed by BlackRock led the round, with additional investment from an affiliate of H.I.G. Growth Partners, OurCrowd, and participation from existing investor, General Atlantic. 黑料海角91入口 announced its $75 million Series E initial closing on November 10, 2020 and has now raised in total nearly $200 million. The Series E will be used to expand product development, marketing, and sales globally. As part of its move to support growing demand, 黑料海角91入口 also announced the addition of Kevin Biggs as Chief Revenue Officer to the executive leadership team.
鈥�2020 lock-downs forced organizations to modernize legacy domain-based approaches to IT infrastructure. That has driven demand for 黑料海角91入口鈥檚 directory platform, which makes it easier for resource constrained IT teams to adopt a zero trust security model,鈥� said Rajat Bhargava, CEO and co-founder of 黑料海角91入口. 鈥淎s global interest in our platform grows, we continue to add experienced talent across our teams. Kevin Biggs is a phenomenal leader who will drive new growth and maturity in our sales organization. His successful track record with Blue Coat, D2L, IBM, and OneLogin, as well as a people focused approach, fit very well with our culture. We are thrilled to have him join.鈥�
The explosion of the cloud combined with remote work have fundamentally changed requirements for managing and securing access to the resources people use to get work done. Domain based directories extended through a patchwork of point solutions are too complex and too expensive for many IT teams. 黑料海角91入口 reimagined the directory to fit the modern world with an open, cloud-based directory for secure, frictionless access from any authorized device to virtually any IT resource, anywhere. This approach unlocks new possibilities for IT to make work easier and more secure.
黑料海角91入口 is now used by more than 100,000 organizations spanning over 100 countries, with more than 3,000 customers including Cars.com, GoFundMe, ClassPass, Nimbus Therapeutics, Grab, Pulselive, SlimPay, Foursquare, Beyond Finance, and Funding Societies.
黑料海角91入口 customers have been vocal about their success with the platform. A recent customer survey of roughly 1,000 黑料海角91入口 IT Admins showed that 87% of 黑料海角91入口 users have recommended or would recommend 黑料海角91入口. The company received 5 stars in for its Access Management capabilities, and the Fall G2 Grids recognize 黑料海角91入口 as a leader in five Identity Access Management (IAM) vendor review categories: , , , , and . The company was also awarded 5 stars by SC Magazine in its June product Identity and Access Management vendor review.
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Investor and Customer Quotes
鈥淎s a fast growing fintech investment platform, we have been happy 黑料海角91入口 customers for the past few years. There is nothing like a global pandemic to show you how important 黑料海角91入口鈥檚 solution has become to provide secure access to multiple resources, from any location, and from any device. 黑料海角91入口鈥檚 comprehensive, yet simple to deploy tools bring the end user back into the center of the concentric cloud circle, thereby truly powering the future of the workplace,鈥� said Chaim Meir Tessler, general partner at OurCrowd.com.
鈥満诹虾＝�91入口 is revolutionizing the multi-billion-dollar identity & access management (IAM) and device management (DM) sectors with its robust, yet easy-to-use directory solution. The Company鈥檚 exponential growth and global customer base is a testament to the massive shift in the way IT professionals manage access, authentication, security, and resources for heterogeneous environments around the world,鈥� said Scott Hilleboe, managing director of H.I.G. Growth Partners. 鈥淲e believe 黑料海角91入口鈥檚 innovative platform uniquely positions it to become the industry leader for SME IT management, and we鈥檙e excited to support this next phase of growth.”
“We started rolling out 黑料海角91入口 in January 2020 and then COVID-19 happened,鈥� said Idan Mashaal, director of cybersecurity at Plus500. 鈥淭his caused us to shift our plan so we could eliminate disruptions to employees working from home across seven countries. Our rollout during the pandemic allowed us to boost security efforts and at the same time provide us with much better management and visibility capabilities over our endpoints, thus making the work from home situation easy to manage and helping us make progress towards a zero trust architecture.”
About 黑料海角91入口
黑料海角91入口鈥檚 mission is to Make Work Happen庐, by providing people secure access to the resources they need to do their jobs. The 黑料海角91入口 Directory Platform gives IT, security operations, and DevOps a single, cloud-based solution to control and manage employee identities, their devices, and apply Zero Trust principles. 黑料海角91入口 has a global user base of more than 100,000 organizations, with over 3,000 customers including Cars.com, GoFundMe, Grab, ClassPass, Uplight, Beyond Finance, and Foursquare. 黑料海角91入口庐 is backed by BlackRock, General Atlantic, OpenView, H.I.G. Capital, OurCrowd, and Foundry Group.