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ShieldX Disrupts Cloud Security Market with Exponential Growth in 2018, Displacing Multiple Recognized Security Incumbents

November 27, 2018

SAN JOSE, Calif.--(BUSINESS WIRE)--Nov 27, 2018--ShieldX, the leader in elastic security, today announced record growth and momentum since its launch in 2017, going from zero to several million dollars in bookings in just under nine months. Propelled by the demand for its innovative product which provides a scalable and elastic security platform for highly-virtualized data center and multi cloud environment, the company has grown its customer base with new customers such as IDT Corporation and Alaska Airlines.

Conventional security vendors’ technology focuses on containment to produce restrictions, bottlenecks and chokepoints at data center boundaries. However, as the Equifax breach demonstrated, security must evolve to an elastic approach that protects the dissolving traditional perimeter. In the past, data and infrastructure was contained and controlled in discrete environments due to the fear of loss and compromise. By contrast, ShieldX ensures security understands and maintains vigilance over cloud-enabled operations and workflows by continuously translating a security team’s intention into controls as cloud infrastructure rapidly evolves. As a result, over the last 12 months, ShieldX displaced several traditional firewalls with customers such as IDT Corporation and Alaska Airlines. In addition, security leaders in networking, legal and retail organizations have turned to ShieldX to optimize their cloud security.

“Many of the tools that we’ve gotten used to over the years really don’t fit and apply well in the environments in which we operate. ShieldX provides us additional visibility in our cloud environments. We’re able to spend less time and manpower scaling these up and running them in the environment – and that’s a major win for us. We’re probably running somewhere between a third, and a half, of the cost that it would normally take us to run such an environment,” said Golan Ben-Oni, global chief information officer at IDT Corporation.

As part of its ability to deliver new disruptive technology, ShieldX has received significant industry recognition. For instance, the company was recently named:

Gartner Cool Vendor in 2017 Finalist in the Innovation Sandbox at the 2018 RSA Conference One of Red Herring’s Top 100 Companies in North America “Vendor to Watch” by Enterprise Management Associates Gold Winner in Info Security Product Guide’s Global Excellence Award Cloud Computing Security Excellence winner by TMC Winner in the 2018 Stevie Awards for Women in Business Awards Finalist in the 2018 Women in IT Awards

An additional component driving the company’s success is ShieldX’s ability to develop and deliver innovative new capabilities designed for the dynamic nature of the cloud. With experts dedicated to cloud innovation, ShieldX’s veteran research and development team has filed 22 patent applications in 2018 alone. To date, two patents have been granted. Users can leverage ShieldX’s patent-pending technology to automatically identify and implement the security policies for essential controls—including microsegmentation, including IPS, firewall, malware detection and more—across multi-cloud deployments.

“When we started ShieldX, the security industry was at a critical stage in its evolution, with many traditional players offering cloud security support, but not really understanding the dynamic demands of the cloud,” said Dr. Ratinder Ahuja, ShieldX co-founder and CEO. “Our understanding of the shifts in the market enabled us to develop technology that empowered customers to securely move their data and applications into the cloud. We brought together a veteran team that understands the nuances of the cloud, so security can be an enabler of business operations, not an obstacle. I’m excited by the incredible momentum we’ve built in the past year and look forward to additional expansion in the months to come.”

For additional details about ShieldX’s solutions, visit: https://www.shieldx.com/product/.

About ShieldX

ShieldX makes security the easiest thing enterprises do in the cloud. ShieldX is a cloud-native network security platform that elastically delivers a full stack of agentless security controls—microsegmentation, IPS, firewall, malware prevention, and more--to protect data centers, cloud infrastructure, applications and data. Our driving philosophy is to bring cloud speed, scale and orchestration into the hands of security. Based on cloud agnostic microservices technology, ShieldX ensures security understands and maintains vigilance over cloud operations and workflows by continuously translating a security’s intention into controls as cloud infrastructure rapidly evolves. Today, our customers, such as Alaska Airlines and IDT, have saved millions by eliminating control sprawl and consolidating processes to dramatically reduce tactical systems management.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181127005158/en/

CONTACT: Joyson Cherian

W2 Communications

shieldx@w2comm.com

703-877-8104

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT INTERNET NETWORKS SECURITY

SOURCE: ShieldX

Copyright Business Wire 2018.

PUB: 11/27/2018 09:00 AM/DISC: 11/27/2018 09:03 AM

http://www.businesswire.com/news/home/20181127005158/en

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