WASHINGTON, April 12, 2018 /PRNewswire/ -- Thycotic, provider of privileged account management (PAM) solutions for more than 7,500 organizations worldwide, completed the best start to a year in the company's history – highlighted by its rise in new customers, revenue growth and customer satisfaction. In Q1 2018, Thycotic added more than 150 new customers, achieved a 96 percent maintenance renewal rate, and received a 55 Net Promoter Score indicating an unprecedented near-perfect customer satisfaction.
"Thycotic is becoming a household name among IT professionals and we're entirely committed to protecting their organizations from attacks through privileged accounts," said James Legg, CEO at Thycotic. "With our recent Least Privilege Discovery Tool, we're working on shaping companies best practices to a least privilege policy. Attackers are continuing to use privileged accounts as an entry point and it's our job to give more and more organizations the tools to protect themselves."
Highlights from the company include:
"The strong numbers Thycotic has announced demonstrate both the ongoing growth of the Privilege Management market and the fact that Thycotic has made its way into the group of leading vendors in that market segment," said Martin Kuppinger, founder and principal analyst at KuppingerCole.
In order to shed light on the most pressing issues related to PAM, Thycotic released its 2018 Global State of PAM Risk and Compliance report last quarter - highlighting how most organizations are failing to fully put security controls in place to protect their most critical information assets. The report surveyed more than 500 organizations worldwide, revealing major risk and compliance gaps in how organizations manage and secure their privileged accounts.
Thycotic, a global leader in IT security, is the fastest growing provider of Privilege Management solutions that protect an organization's most valuable assets from cyber-attacks and insider threats. Thycotic secures privileged account access for more than 7,500 organizations worldwide, including Fortune 500 enterprises. Thycotic's award winning Privilege Management Security solutions minimize privileged credential risk, limits user privileges and controls applications on endpoints and servers. Thycotic was founded in 1996 with corporate headquarters in Washington, D.C. and global offices in the U.K. and Australia. For more information, please visit www.thycotic.com.
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