This marks the largest single round of funding in company history and positions Digital Guardian to deliver on its mission of providing ubiquitous data protection, advanced threat protection, and endpoint detection and response. This investment will help accelerate revenue growth, continue product innovation and integration, and expand the company’s global footprint.
Digital Guardian has shown significant growth and momentum throughout the year. The following 2015 milestones include:
· Projected YoY growth of 50% in bookings.
· 132% YoY revenue growth in the managed services line of business.
· More than 200 new customers.
· Hired more than 100 new employees spanning the Waltham, MA headquarters, and the new Sunnyvale, CA and Salt Lake City, UT offices.
· Created a dedicated federal sales division and opened a Reston, VA office to accommodate the company’s rapidly growing public sector demand.
· Announced a strategic alliance with Atos, a global leader in information security services, to launch a new, cloud-based Data Loss Prevention service. · Established and strengthened strategic technology partnerships with Splunk, Blue Coat, HP ArcSight and IBM QRadar. · Added 50 new partners with the launch of DG Synergy, a global channel program for VARs and resellers.
“The target of both insider threats and advanced cyber attacks remains the theft of sensitive data. Even the industry leading next gen firewalls cannot detect every threat so corporations must prioritize protecting the data itself from exfiltration,”said Ken Levine, chief executive officer, Digital Guardian. “We are extremely pleased to have so many high-caliber investors who recognize that requirement and the massive market need for a next generation approach to data protection. This new round of funding accelerates Digital Guardian’s ability to deliver just that.”
