WALLIX announces 4-year strategic plan with “Unicorn 2025”
WALLIX embarks on new phase of self-financed growth and announces target of €100 million in turnover and an operating margin of 15% by 2025
Today, WALLIX (Euronext ALLIX), a European cybersecurity software company and expert in access and identity security, unveils its strategic plan for the 2022-2025 period and reaffirms its aim of becoming a leading player in creating a trusted digital world. Named “Unicorn 25”, the strategic plan will take WALLIX into a new era of development that will enable the company to consolidate its leadership in access and identity security, and to position the group as a unifying force in cybersecurity.
WALLIX has a target of €100 million in turnover and an operating margin above 15% by 2025. Strong organic growth projected to average 30% per annum over the entire plan will be key to achieving these objectives, rounded out by an external growth component. WALLIX estimates the investments necessary to achieve its organic growth objectives at around €10 million, and these investments, of which 40 to 50% should be realised in 2022, will be self-funded by the group.
After structural investments from 2018 onwards, WALLIX now has a comprehensive Privileged Access Management (PAM) offering that has now expanded into adjacent market segments. Tools such as WALLIX Bastion, WALLIX BestSafe and WALLIX Trustelem help customers to address threats posed by the implementation of new technologies and digital services.
WALLIX’s technological expertise has led to the company being named an “Overall Leader” by consultancy Kuppingercole, and the group was also considered a challenger in the 2021 Gartner PAM Magic Quadrant and is the only European publisher among 10 world leaders.
To help boost its growth, WALLIX has developed high-potential business in verticals such as healthcare and manufacturing. In the manufacturing sector, WALLIX will offer WALLIX Inside which integrates WALLIX access and identity security solutions into business solutions. With the channel being a key part of WALLIX’s success, the company plans to grow and expand while also providing additional support and enablement for partners who are working with key strategic key accounts. This will be done, first and foremost, by providing a dedicated WALLIX team who will serve as cyber experts in the field alongside major integrators, working in a true partnership.
International expansion remains another key pillar of WALLIX’s growth, with the aim of consolidating the group’s leadership in Europe and significantly extending its footprint in the North American market. WALLIX aims to have increased its international turnover by a factor of 7.5 by the end of the Unicorn 25 plan.
With strong market traction and an innovative approach to its offers, WALLIX now has a base of nearly 1,600 customers equipped with its solutions, which the group aims to leverage to perpetuate its strong growth trajectory. WALLIX generated turnover of €20 million in 2020 and aims to continue its strong growth seen in the first half of 2021 throughout the full year.
Jean-Noël de Galzain, Chairman of the WALLIX GROUP Management Board, said: “In just a few years, WALLIX has become a go-to cybersecurity supplier and European leader recognised by top industry analysts such as Kuppingercole and Gartner, with a global footprint underpinned by a powerful ecosystem of integrator partners and trained and certified resellers. As a result, WALLIX possesses major technological and strategic advantages that will continue to grow and contribute to the emergence of an independent European cybersecurity offering, that also meets new regulatory requirements in terms of information risk management and responsibility expectations.
“This ambitious strategy driven by our new Unicorn 25 plan aims to respond to the security challenges associated with digital transformation, with the need for openness and the exponential growth of access to digital systems in organisations and those used by the public. With our ‘PAM for all’ vision, we are offering support for these defining developments on a global scale, by providing security solutions for access across the board, for users and for tomorrow’s industrial objects and systems.
“This is a great opportunity for WALLIX to scale up and become a global leader in digital security, with the goal of reaching €100 million in turnover by 2025 and delivering an operating margin at the high end of industry standards. Spearheading Digital Corporate Responsibility, WALLIX seeks to build a trusted digital world and to be a structuring player in the Cybersecurity sector in Europe.”
ABOUT WALLIX
A software company providing cybersecurity solutions, WALLIX is the European specialist in Identity and Access Security Solutions. WALLIX’s unified solutions portfolio enables companies to meet today’s data protection challenges. WALLIX solutions guarantee detection and resilience to cyberattacks, thus enabling business continuity. They also ensure compliance with regulatory requirements regarding access to IT infrastructure and critical data. The unified solutions portfolio is distributed through a network of more than 316 resellers and integrators around the world. Listed on Euronext (ALLIX), WALLIX supports more than 1,500 organizations in securing their digital transformation. WALLIX is a founding member of the HEXATRUST group and was included in Futur40, the first ranking of growth companies on the stock market published by Forbes France and is part of the Tech 40 index.
WALLIX affirms its digital responsibility and undertakes to contribute to the construction of a European digital space of trust, guarantor of the security and confidentiality of organizations’ data but also for any individual concerned about the protection of their digital identity and the respect for his private life. Digital technology, whether for professional or personal use, must be ethical and responsible in order to experience a secure societal digital transformation that respects individual freedoms.
