Agiliance, Inc. has reported massive growth for 2012 along with signing a variety of managed security service provider (MSSP) customers for its Managed Risk-as-a-Service (M-RaaS) offering. The company experienced record-breaking 64 percent year-over-year growth in 2012, as well as a number of multi-million-dollar contracts.
The major growth in 2012 may be attributed to a number of factors, including the rising wave of insider and advanced persistent threats along with increased regulatory pressures. The impact of big security data affects customers' operational efficiency, requiring continuous security monitoring as well as frequent data assessments.
The Agiliance RiskVision offering addresses these concerns in a scalable solution that aggregates critical information about risk and compliance as well as new and emerging threats. The solution also calculates the impact on business operations to action remediation and ongoing risk measurement. The state of risk is provided in real time along with end-to-end early warning, prevention and remediation services.
In addition to the record-breaking 64 percent revenue growth, Agiliance also experienced 75 percent year-over-year growth in multi-million-dollar contract wins at U.S. federal and financial services organizations, along with 73 percent year-over-year growth in the financial services sector. This includes new and upset wins at organizations in the financial technology and global banking segments.
Additional growth reported includes 320 percent year-over-year growth in the education sector, and 42 percent year-over-year growth within the Agiliance RiskVision connector portfolio, enabling organizations to leverage their investments in best-of-breed technology. The company reported 70 percent of its license business was generated through an increasing number of channel partners like MSSPs, OEMs, resellers and system integrators.
"Agiliance is pleased to report that we achieved several business performance and industry milestones during 2012," said Joe Fantuzzi, president and chief executive officer of Agiliance. "We continued to re-shape the security industry last year by automating risk management on an enterprise scale. With advancements to our Managed Risk-as-a-Service platform, we solidified Agiliance's position as a pioneer of big data risk management that can be delivered to very large and small-to-medium sized organizations via our trusted solution provider partners."
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