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Increased Market Demand for Skybox Security Posture Management

Advances industry leadership with major customer wins, strong business momentum and expanded executive leadership

Skybox Security, a global leader in security posture management, today announced global growth and increased market demand during 2020. Driven by an ever-expanding attack surface and the need to secure remote workforces with complex hybrid environments rapidly, Skybox Security achieved 58% growth in new logo bookings and increased enterprise adoption of its Security Posture Management Platform year-over-year.

“This accelerated growth in new customer bookings is a testament to the demand and competitiveness of our scalable platform, world-class engineers and focus on serving the most complex customers on earth,” said Gidi Cohen, founder and CEO, Skybox Security. “Our insight-driven approach is shifting security strategies from a singular focus on detect-and-respond to a strategic breach prevention model.”

Fortune 1000 customer growth

Fortune 1000 companies turn to Skybox Security because its platform provides a holistic view of complex, hybrid environments and the insights needed to protect the modern enterprise. The company added a diverse list of new enterprises to its customer base in 2020, including top financial institutions, energy and utility leaders, major retailers, healthcare organisations, as well as numerous federal agencies and local governments. Skybox also saw continued expansion of its Vulnerability Management Solution, particularly in highly regulated industries such as financial services and critical infrastructure. Nearly 60% of 2020 sales came from existing satisfied customers expanding their deployments.

Many large-scale customers are choosing to adopt the Skybox Security Posture Management Platform. A record number of customers expanded to seven-figure investments in Skybox solutions, with more than 20% growth year-over-year. Skybox built the only platform with an integrated, holistic view and analysis of complete hybrid infrastructure in one solution – including physical networks, data centres, and private and public cloud – with all the corresponding security solutions for complex environments (firewalls, VPN’s, micro-segmentation, SASE, IPS, and much more) in both IT and operational technology (OT) environments.

Skybox Security Posture Management Platform business benefits

  • Intelligently minimise threat exposure and compliance risk across hybrid infrastructure
  • Achieve greater operational efficiencies and scale across IT and security
  • Make informed decisions on future security strategies and programs
  • Free up scarce resources and valuable talent to focus on strategic security initiatives

Expanded executive leadership

In November 2020, the former F5 Networks, Zscaler, and Blue Coat Systems product leader Haggai Polak joined Skybox Security as chief product officer to expand product innovation. In this role, Polak will lead the company’s global product management organisation to help shape the future of security posture management.

“Skybox Security is the top player in security posture management. It has spent nearly 20 years building the only network modelling and analytics platform that unifies security policy, vulnerability and risk management,” said Polak. “Securing today’s modern enterprise requires a new way of thinking. We look forward to helping our customers fast-track digital initiatives without sacrificing overall security posture.”