The Demand for Data Discovery and Classification Solutions Helps Netwrix Exceed its Q2 2018 Targets

Netwrix's quarterly results include rising demand for Netwrix Auditor in the consumer goods, education and government sectors, as well a major product update and new leadership

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Netwrix Corporation

Aug 21, 2018, 09:00 ET

IRVINE, Calif., Aug. 21, 2018 /PRNewswire/ -- Netwrix Corporation, provider of a visibility platform for data security and risk mitigation in hybrid environments, today announced outstanding results for Q2 2018. The company's results indicate substantial growth across several industry verticals, such as consumer goods (172%), education (68%) and government (53%). Other key highlights include a major product update, the appointment of new CEO Steve Dickson and the launch of a new channel enablement strategy.

"The deadline for GDPR compliance has already passed, so now companies have to prove that they comply with all the requirements in order to avoid huge fines and loss of customer loyalty. Data discovery and classification (DDC) solutions can help organizations identify all the regulated data they have, who has access to them and which files are the most sensitive. We are ready to meet the growing interest in DDC tools with a solution that empowers customers to gain a high-level view of what's going on with their sensitive data to improve the effectiveness of their security strategies, set security priorities and reduce cyber threats," said Steve Dickson, CEO of Netwrix.

Market momentum

In April 2018, Netwrix announced a new product update: Netwrix Auditor – Data Discovery and Classification Edition. It provides visibility into where sensitive files are, what content is inside them, who can access them and who uses them to help companies mitigate the risk of data breaches and prove the effectiveness of their security controls.
Netwrix demonstrated 36% year-over-year growth, thanks to rapid expansion both in the U.S. and globally.
Due to growing demand for solutions that enable organizations to secure sensitive data, Netwrix demonstrated growth in multiple sectors, including consumer goods (172%), education (68%), government (53%), finance (47%) and technology (32%).

Leadership

In April 2018, Netwrix's Board of Directors appointed Steve Dickson as Chief Executive Officer. With his experience in leading world-class software organizations, Dickson will guide Netwrix through rapid growth as it pursues a global expansion strategy.

Customers

Netwrix added more than 440 organizations to its customer base, including Eastern Arizona College, Hwa Chong International Institution, Lakeview School District and King's Hawaiian.

Channel

In May 2018, Netwrix announced a new channel enablement strategy that provides full visibility into the deal registration process as well as a variety of sales and marketing enablement tools to help partners run their businesses faster and better.

Events

In Q2 2018, Netwrix participated in several major industry events, including RSA Conference in San Francisco (U.S.) and Infosecurity Europe in London (UK).

About Netwrix Corporation
Netwrix Corporation is a software company focused exclusively on providing IT security and operations teams with pervasive visibility into user behavior, system configurations and data sensitivity across hybrid IT infrastructures to protect data regardless of its location. Over 9,000 organizations worldwide rely on Netwrix to detect and proactively mitigate data security threats, pass compliance audits with less effort and expense, and increase the productivity of their IT teams. Founded in 2006, Netwrix has earned more than 140 industry awards and been named to both the Inc. 5000 and Deloitte Technology Fast 500 lists of the fastest growing companies in the U.S. For more information, visit www.netwrix.com

CONTACT:
Erin Jones
Avista PR for Netwrix
P: 704.664.2170
E: [email protected]

SOURCE Netwrix Corporation