WASHINGTON, July 17, 2018 /PRNewswire/ --Thycotic, provider of privileged account management (PAM) solutions for more than 7,500 organizations worldwide, completed a highly successful quarter - setting a higher benchmark in terms of new customer acquisition, existing customer satisfaction and growth in the number of employees in Q2 2018. This quarter was led by the 46 percent year-of-year sales growth Thycotic garnered from its strong, continued disruption in the PAM market.
"Thycotic continues to be a leader in the PAM market and it's evident in the deals we are winning," said James Legg, CEO at Thycotic. "Organizations of all sizes trust our technology, and this is backed up by the growing number of competitive wins for our on-premise and cloud PAM solutions. Breaches through privileged accounts are still on the rise, and as this happens, it's great to see companies choosing us as their PAM vendor of choice."
Highlights from the company include:
As part of a great quarter, Thycotic published shocking results from its 2018 Global Channel Survey Report, highlighting that 74 percent of solution provider clients have suffered a breach in the past 12 months. Among those experiencing a breach, 55 percent did not act to fully remediate the cause of the breach and nearly one in five clients (18 percent) did not seek any remediation to prevent a breach from recurring. This report paints a picture of how rampant privileged account breaches are and gives companies the tools needed to secure their organization.
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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