Invincea Announces 54 New Enterprise Customers for Its Flagship Enterprise Solution, $8.1M in Advanced Research Contracts for Its Labs Division
(Marketwire Via Acquire Media NewsEdge) FAIRFAX, VA -- (Marketwired) -- 04/07/14 --
Invincea, Inc., the market leader in the use of secure virtual containers for user protection against advanced cybersecurity threats, today announced accelerated momentum and major milestones, including:
The company added 54 new enterprise customers over the past two quarters across major industry verticals including retail, hospitality, casinos and gaming, energy, financial services, healthcare, transportation, defense industrial, high tech, oil and gas, and federal and state government. This builds on the growth that the company posted in the quarter previous to this period, and in a time when the company launched its first small business offering. In the first quarter of 2014, the company's advanced research division -- Invincea Labs -- secured $8.1M in new contracts for advanced cybersecurity projects for defense and federal government agencies in the areas of cloud-based advanced malware analysis, spear-phishing attacks against Android, and big data analytics for compromise detection. Invincea's momentum in this area continues from its previous announcement of a $21.4M contract with the U.S. Army. Invincea also continued to enhance the ability for its customers to achieve more comprehensive and holistic security by expanding its advanced threat protection ecosystem with integration into Palo Alto Networks' WildFire platform. The partnership represents a strong collaboration in existing joint accounts to feed Palo Alto Networks' WildFire platform with forensics gathered from Invincea FreeSpace� virtual infections. At the RSA Conference in February 2014, the company announced threat intelligence partnerships with ThreatGRID and Reversing Labs.
"A security strategy that only reacts to attacks isn't acceptable," said Paul Calatayud, Chief Information Security Officer of Surescripts. "To be comprehensive and present the strongest defense requires a proactive posture in addressing risks to our network. Surescripts, the nation's most comprehensive clinical network, chose Invincea because it allows us to address one of the most significant aspects of the threat landscape -- end user vulnerability. Invincea provides proactive protection against advanced persistent attacks, and mitigates the downside of post-breach detect and notify models. Now my security staff can focus on strategic defense, instead of the 'search and destroy' treadmill."
With the first-of-its-kind deal with Dell in 2013, in which Invincea became the only advanced threat protection solution to ship straight from the factory on all Dell commercial devices, shipping on over 60 million devices over three years. Through its organic direct sales efforts, Dell's distribution, and the acquisition of Sandboxie announced in late 2013, Invincea's software is now deployed in nearly 15,000 organizations worldwide.
"The surge in new customers for Invincea's flagship FreeSpace product and Invincea Management Service shows the ability of Invincea to meet the strong and sharply rising demand for advanced threat protection across all industry sectors," said Anup Ghosh, Founder and CEO at Invincea. "Key business drivers for Invincea now are the end of support for Windows XP, the continued challenge that enterprises face in supporting legacy Java, spear-phishing and other targeted attacks against enterprises, and the surge in high visibility compromises in the retail sector. In the consumer segment, our Sandboxie product is on a pace to be downloaded by more than 2 million users this year. Invincea Labs' $8M in new federal funding will be used to develop and bring to market the next generation of cybersecurity technology in cloud-based advanced malware analysis, protecting users from attacks against their Android devices, and big data analysis for threat identification on compromised devices across the spectrum. All of this cements our position as a market leader in a rapidly growing category for advanced threat protection technology."
Invincea is recognized as providing one of most advanced malware prevention solutions in the market -- having recently been awarded the 2013 Northern Virginia Technology Council Innovators Award and having previously been named the "Most Innovative Company of the Year" at the RSA Conference 2011 and "Best Anti-Malware Solution" for 2012 and 2013 by Government Security News. Invincea's solutions include an endpoint security software suite and threat intelligence service. Together, these solutions offer a unique ability to protect enterprise networks without requiring prior knowledge of attacks, commonly called attack signatures, against all types of threats directed at end-users, including zero-days, by seamlessly moving applications that run untrusted content into controlled, secure virtual containers that automatically detect and terminate threats in real time.
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About Invincea, Inc. Invincea is the premier innovator in advanced malware threat detection, breach prevention and forensic threat intelligence. Invincea is the market-leading solution that provides organizations of all sizes -- enterprises to small-medium businesses -- with coverage against the largest attack surface for cyber-breach attacks aimed at end-users in the form of spear phishing, drive-by download exploits, poisoned search results and user-initiated infections. Invincea's platform seamlessly moves the browser, PDF reader, Java, and Microsoft Office suite from the native operating system into secure virtualized environments without altering the user experience.
The company, which was founded by Dr. Anup Ghosh to address the rapidly increasing security threat from nation states, cyber-crime and rogue actors, has commercialized technology originally built under DARPA funding. The company is venture capital-backed and based in Fairfax, VA. For more information, visit http://www.invincea.com.
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