When we founded Skyhigh in 2012, CASB did not exist and cloud was regarded as “too risky” for serious companies. Three years later, analysts are calling cloud access security brokers (CASB) the fastest growing security technology ever and 2016’s #1 information security technology as companies are adopting cloud services at an accelerated pace.
The journey to creating a game-changing company requires conviction, pioneering spirit, and grit. I want to take time to share a few milestones and recognize how far our conviction, spirit, and grit have brought us.
I’m thrilled to announce we just closed the most successful quarter in the company’s history. As the market matures, we continue to maintain an 80 percent competitive win rate in acquiring new business. This accomplishment is not only a validation of the massive market opportunity ahead of Skyhigh, but also the company’s unique ability to execute, innovate, and dominate this space.
Skyhigh has seen customer adoption that is truly rare among startups. Very early on we partnered with some of the largest companies in the world and quickly realized that an innovative and engaged customer base is our greatest asset and competitive differentiator. We currently serve over 600 enterprises and 30 million employees. Our customers represent 40 percent of the Fortune 500, including two of the top three companies in every major vertical. In the insurance industry alone, 20 global leaders have deployed Skyhigh.
In recognition of this dynamic growth, Skyhigh was recently placed on Forbes’ list of the top 100 private cloud companies in the world and received Box’s Trust Partner of the Year award, a recognition of our leadership in the cloud security market.
We are well positioned to continue to execute as the industry leader in this rapidly maturing space. Skyhigh’s CASB solution has proven to be the most innovative, scalable, and comprehensive platform in the industry, with the following differentiators:
- Breadth of Functionality: Only CASB to provide DLP, threat protection, access control, and structured data encryption
- Breadth of Coverage: Only CASB to cover all users across all devices and support all cloud services (SaaS, PaaS and IaaS) without requiring an additional device agent
- Platform Scalability: Only CASB that scales to support 2 billion events per day per customer at world’s largest companies
- Platform Security: Only CASB that is FedRAMP compliant, ISO 27001/27018 certified, and stores no customer data in our cloud
Our investments in technology have been rewarded with patents for mobile-to-cloud security and cloud-based encryption with customer-managed keys. The industry has evolved in line with our vision of a cloud-native, privacy-centric, agent-less cloud security solution.
From a trust perspective, FedRAMP compliance and ISO 27018 certification are necessary when working with organizations facing stringent privacy and confidentiality requirements such as the US federal government and other global companies requiring compliance with international privacy laws.
By 2020, 85 percent of large enterprises will use a cloud access security broker product for their cloud services, which is up from fewer than 5 percent in 2015
How to Evaluate and Operate a Cloud Access Security Broker, Neil MacDonald, Craig Lawson, December 8, 2015
We remain committed to execute and innovate on our mission to deliver a control point for the cloud and to capture the opportunity as cloud adoption continues to soar.