FireMon Accelerates Year-Over-Year Bookings in Second Quarter 2016
Market leader in security management and risk assessment software continues global growth streak, adds more Fortune 500 companies and continues to drive high renewal rates
FireMon delivers strong Q2 and first half with notable highlights:
- Substantial year over year bookings growth
- Expansion of market leadership
- Renewal rates of approximately 90%
- High, double digit growth in North America, APAC and EMEA for the first half of 2016
- New product innovations with Cisco Syntax and ServiceNow integrations
- Senior sales leadership additions
- Two prestigious industry awards
OVERLAND PARK, KAN. – July 7, 2016 – FireMon today announced the security management and risk assessment software firm achieved record year-over-year growth in both revenue and bookings in Q2 2016 and significant sequential bookings growth. The success saw the addition of many new customers, commitment to the security analytics solution, Immediate Insight, and a record number of first half deals in excess of $100,000.
Security analytics has become a C-level topic and FireMon is leading the way with customers managing the largest and most complex networks in the world implementing our software as a solution.
“As security environments continue to become more and more complex with additional technologies added almost daily, the increased risk that follows can only be addressed with an effective security management solution,” the company stated. “Capitalizing on this need, FireMon achieved substantial year-over-year growth in bookings in Q2 2016 resulting in market share gains, solidifying and expanding our position as the industry leader. Our exceptional renewal rates reflect our focus on customer satisfaction and the overall strength of our product offerings.”
As further proof of its strong market position, FireMon achieved a substantial increase in add-on customer bookings and double digit growth in North America, APAC and EMEA in the first half of 2016 compared to the prior year period. In addition to bookings success, the first half of the year was also marked with new product innovations, highlighted by the release of the first phase of policy automation with Cisco Syntax generation seamlessly integrated with Policy Planner and rapid and advanced integration with ServiceNow.
Additionally, in early Q2, FireMon added industry sales veterans David Brown and Simon Taylor to the team to lead sales efforts in the West and East/Canada/LTAM sectors of North America, respectively. Brown and Taylor have both successfully built and led enterprise sales teams at companies such as CommVault, Symantec, ProofPoint and CA.
FireMon won two awards during the second quarter of 2016. CIO Review named FireMon as one of its Top 20 Risk Management Solution Providers and it was also honored as one of Ingram’s 100 Fastest Growing Companies in Kansas City.
FireMon is the market leader within the Fortune 2,000 customers. FireMon’s Security Intelligence Platform is installed and operational in the largest and most complicated networks around the world. Our solutions deliver continuous visibility into and control over network security infrastructure, policies, and risk. With the FireMon platform, today’s enterprise organizations, government agencies, and managed services providers dramatically improve effectiveness of network defenses, optimizing investments and speeding response to changing business demands. For more information, visit www.firemon.com.