SAN MATEO, CA – March 17, 2016 – AlienVault™, the leadingå provider of Unified Security Management™ (USM) and crowd-sourced threat intelligence, today announced that it has been named to the Tech Tour Growth 50 in Europe. The Tech Tour recognizes private technology companies that have the potential to become part of Europe’s next generation of multi-billion dollar companies, sourcing its list in conjunction with a selection committee of international venture capital firms and Silverpeak Investment Bank.
“It is an honor to be recognized again by the Tech Tour as one of Europe’s high-growth technology companies,” said Barmak Meftah, president and CEO of AlienVault. “As more organizations struggle with the challenges of hiring and retaining qualified security staff, as well as the complexity of deploying and managing multiple security products, we have seen a surge in both end user customers and MSSP partners deploying our award-winning product, USM, to improve and simplify their ability to detect and respond to today’s cyber threats.”
To identify the Growth 50, the Tech Tour selection committee researched and evaluated over 175 European private tech companies using both quantitative (valuation, sales growth, and financing) and qualitative (innovation, pedigree, and management strength) analysis. AlienVault’s management team, record sales growth, EMEA-based customer wins and channel partnerships contributed to its strong evaluation. The company ended the year with unprecedented momentum, closing out the year with more than 55% percent year-over-year sales growth. It also closed a $52 million Series E funding round in August 2015, bringing the company’s total funding to nearly $116 million. Today, more than 3,000 customers and government organizations rely on AlienVault’s USM platform and threat intelligence to detect, defend against and respond to today’s cybersecurity threats.
The Tech Tour was founded in Geneva in 1998 in response to the growing interest in emerging technology companies in various European regions. The Tech Tour brings together investors, corporate strategic partners and high-tech entrepreneurs through its highly successful events and community platform. The Tech Tour focuses on selecting the highest quality companies for its events and as a result selected companies have been very successful in obtaining funding. The Tech Tour over the years has built a very strong and inter-connected community of Entrepreneurs, Investors, Government influencers, Industry experts and Advisers. This community comes together regularly to network, collaborate and to invest their time and money in furthering the high-tech innovation ecosystem in Europe. www.techtour.com