Skybox Security announces broad expansion across APAC and EMEA
Security posture management company Skybox Security has announced an 'accelerated global expansion' following a surge in customer demand and subscriptions to its solutions.
The expansion will reach the EMEA and APAC regions — in the EMEA region alone, deal sizes increased 33%, and the average annual contract value increased 64% over the first half of 2021. The company also increased new subscription customers by 86% in the same period.
This was a significant catalyst in Skybox's decision to expand, which was also driven by increasing market demand for improved security efficacy across hybrid cloud and critical infrastructure.
"Business and government leaders globally are leaning into the importance of proactively addressing cyber risk to prevent ransomware and supply chain attacks," says Skybox Security founder and CEO Gidi Cohen.
"Vulnerability management is now taking centre stage even at the top levels of government, as highlighted by the recent Biden Executive Order.
"The criticality of preventative cybersecurity has become more than a fear of being held for ransom. Cybersecurity is now impacting the daily lives and safety of global citizens – even putting our water, food, and energy supplies at risk.
Skybox Security vice president for EMEA Fred Saint-Joigny says the rapid rise in frequency and severity of cyber-attacks worldwide should prompt executives to take action.
"There are two critical questions that every CISO must be able to answer to their board: Can you prevent a ransomware attack? And, can your company recover quickly?" says Sant-Joigny.
"The speed of digital transformation is dramatic. To answer those questions with confidence, leaders need full visibility and understanding of their attack surface and insights that highlight the right exposures to take action on – which is only possible through a multi-dimensional network model.
Skybox Security will continue making significant investments into expanding its EMEA and APJ operations. The company has cemented itself as the Security Posture Management partner of choice for solution providers worldwide. Over the first six months of 2021, Skybox grew channel sales across North America, EMEA, and APJ by 35%.
"With Skybox Security, CISOs can confidently prove they closed the most dangerous exposed vulnerabilities, ultimately preventing cyberattacks from damaging the business," says Skybox Security vice president of sales for APJ Shantanu Srivastava.
"Skybox models each customers' unique threat landscape to understand how they could get breached.
"The best breach is one that never happens. Our preventative approach exponentially decreases cyber risk through drastically reducing the enterprise attack surface.
