Xceedium Selected as 2015 Red Herring Top 100 Winner

Privileged identity management solutions provider recognized as one of the year’s most promising technology ventures

HERNDON, Va.--()--Xceedium®, Inc. today announced it has been selected as a winner of the Red Herring Top 100 North America award. The cybersecurity company was recognized for its sustained growth, strong market position, and its award-winning product, Xsuite®, the industry’s only privileged identity management solution designed specifically for the hybrid enterprise.

“Cybercrime, state sponsored cyberespionage, and cyberterrorism are quickly reaching epidemic proportions and next generation identity management solutions like Xceedium’s Xsuite are quickly being recognized as a mandatory new security layer to mitigate this enormous risk. Xceedium is very proud to be the recipient of this prestigious award.”

Since 1996, Red Herring has recognized the most exciting and promising private technology companies through its Top 100 awards, which identify the firms best positioned to further their growth and become market leaders within their sectors.

“Red Herring’s Top 100 recognition further validates Xceedium’s accelerating growth and momentum in the cybersecurity market,” said Glenn Hazard, chairman of the board and chief executive officer of Xceedium. “Cybercrime, state sponsored cyberespionage, and cyberterrorism are quickly reaching epidemic proportions and next generation identity management solutions like Xceedium’s Xsuite are quickly being recognized as a mandatory new security layer to mitigate this enormous risk. Xceedium is very proud to be the recipient of this prestigious award.”

The Red Herring editorial team analyzes hundreds of cutting edge companies and technologies and selects those best positioned to rapidly grow and successfully scale. Twenty major selection criteria are evaluated, including the candidate company's addressable market size, its intellectual property, financing, the proof of concept, trailing revenues, and management's expertise. The list of finalists represents the best performing and most prominent companies of that year.

Key factors distinguishing Xceedium from other Red Herring finalists included:

  • Its award-winning Xsuite solution: With four patents to its credit, Xsuite delivers comprehensive privileged identity management functionality, including credential management, strong authentication, role-based access control and privileged user single sign-on, user monitoring and recording, and proactive policy enforcement. Xsuite enforces a single, consistent set of security policies across an organization’s entire hybrid information technology infrastructure, from traditional on-premise network equipment, servers, and other resources, to virtual and public cloud-based resources, management consoles, and APIs.
  • Continued momentum of historically robust growth: In 2014, Xceedium achieved more than 70 percent year-over-year revenue growth. In the first quarter of 2015, Xceedium posted year-over-year growth of 82 percent, and is on track to maintain that growth through the balance of the year.
  • Favorable market and customer demographics: In a global cybersecurity market expected to reach $76.9 billion in 2015, Xceedium boasts a balanced customer base across commercial and public sectors. Xceedium is deployed throughout the Global 2000, including the financial services, retail, manufacturing, and energy sectors, and is the de facto standard for privileged identity management across the civilian, military, and intelligence components of the United States Federal government.
  • Strong industry partnerships and collaboration with leading cloud service providers: Xceedium maintains in-depth integration with Amazon Web Services, VMware, and Microsoft, delivering automated solutions that quickly scale, reduce “mean time to protection” to fractions of a second, and offer tight, API-level integration with and protection of hybrid enterprise infrastructure.
  • An experienced, proven management team: With more than 170 years combined experience in the technology and security industries, Xceedium’s management team has a proven track record of successfully building and leading both private and publically traded companies. Members of the management team founded NetSec, a pioneering managed security service provider, acquired by MCI/Verizon Business Systems in 2006. Xceedium executives have held leadership positions across the commercial, military, and intelligence sectors, including organizations such as CA Technologies, Raytheon, Symantec, McAfee, the National Security Agency, and the US Air Force.

About Xceedium, Inc.

Xceedium is the leading provider of privileged identity management solutions for hybrid enterprises. Large companies and global government agencies use Xceedium products to reduce the risks privileged users and unprotected credentials pose to systems and data. The company’s Xsuite platform enables customers to implement a zero trust security model. It vaults privileged account credentials, implements role-based access controls, and monitors and records privileged user sessions. With unified policy management, Xsuite enables the seamless administration of security controls across systems, whether they reside in a traditional data center, a private cloud, on public cloud infrastructure, or a combination of environments.

Xceedium’s solutions enable organizations to comply with security and privacy mandates, such as PCI DSS, FISMA, HIPAA, and NERC CIP. The company’s products provide industry-leading reliability, availability, and scalability, and they are the most highly certified products in the market, with designations including FIPS 140-2 validation, Common Criteria EAL4+ certification, and inclusion on the U.S. DOD Unified Command Approved Products List (UC/APL). For more information, please visit www.xceedium.com.

Contacts

Media Contact:
Sage Communications
Peter Kane
O: 703-584-5641
M: 845-392-1770
pkane@aboutsage.com