📋 Tender Overview
Companys Differentiated ZTEdge SSE Platform and Isolation-Based Cloud Solutions Experiencing Growing Demand Ericom Software a leading provider of Zero Trust cloud-native cybersecurity solutions and developer of the ZTEdge SSE Platform announced record results for H1 2022 delivering incremental annual recurring revenue ARR growth of over 127 compared to the same period in 2021. In addition the company closed its three largest-ever sales contracts with customers in diverse industries across three continents. Accelerating demand for Ericoms ZTEdge solutions drove its strong performance including increased adoption of its unique isolation-based solutions like Web Application Isolation a powerful clientless ZTNA solution that enables enterprises to secure access to private corporate applications and shared SaaS cloud services from unmanaged devices. Among the organizations that chose the ZTEdge platform are a security-first government department of a G7 country a top-10 global systems integrator and a highly innovative government organization in the Asia Pacific region. In addition nearly a dozen visual effects and film industry studios have adopted ZTEdge Web Isolation including some that switched from less-performant competitive remote browser isolation RBI solutions. ZTEdge Web Isolation enables studios to secure use of internet email and virtual meetings without risk of data loss in compliance with the Motion Picture Association MPA Content Security Best Practice Common Guidelines.Ericom solutions experienced strong demand throughout the first half of this year building upon our record sales in 2021 said David Canellos President and CEO. In addition to the impressive financial results our organization delivered in other important areas including achieving SOC 2 Type 2 certification for the Ericom Global Cloud and strong industry recognition for our ZTEdge SSE cloud security platform.Continued innovation by the Ericom Software RD team was a key contributor to the strong 1st half results. Key proprietary technologies that played a decisive role in customers decisions to partner with Ericom includeThe Ericom Global Cloud a high-availability elastic cloud-native infrastructure that scales to deliver an outstanding low-latency user experience. The platform is built on public cloud IaaS but is not tied to any specific providers infrastructure giving it unique flexibility performance and cost advantages. To date more than 50 Ericom Global Cloud points of presence POPs are available globally with many added in 2022.Web Application Isolation Ericoms unique ZTNA solution which delivers a clientless approach to securing access to private web apps and SaaS apps from BYOD and unmanaged devices. The solution which allows web-based applications to be isolated from the general internet yet accessible to authorized users addresses OWASP Top 10 web application security risks with strong protections that traditional web application firewalls WAFs cannot match. Virtual Meeting Isolation which enables secure high-performance isolation of virtual meeting solutions like Zoom and Microsoft Teams. The solution provides granular policy-based controls for limiting collaboration functionality and restricting data sharing to prevent data exposure.To accelerate the already impressive pace of technology development and meet customer demand for its isolation-based cloud-delivered secure access solutions the company increased headcount by 10 and opened a third Israeli development center in Tel Aviv to complement existing Jerusalem and Modiin locations.Integrated cloud-based SASESSE platforms like Ericom ZTEdge are increasingly displacing traditional on-premises security products. Gartner predicts that by 2025 80 of enterprises will have adopted a strategy to unify web cloud services and private application access using a SASESSE architecture up from 20 in 20211. Ericom has both benefited from and through its innovative cloud security products contributed to this trend as indicated by widespread industry recognition. In its recent GigaOm Radar for Secure Service Access SSA Ericom Softwares ZTEdge solution was rated as an outperformer the only new SSA entrant to be awarded that recognition. Remote Browser Isolation a key capability in Ericoms ZTEdge platform and other Ericom cybersecurity solutions has become an important component of SASE. Gartner recently noted that remote browser isolation was originally an optional SASE capability in 2019 but its use has become widespread for certain use cases and its inclusion must now be considered core 1.Ericom Software earned numerous prestigious industry awards in the first half of the year includingFive Cyber Defense InfoSec Awards including awards for Hot Company Zero Trust and Next Gen SaaSCloud Security for the ZTEdge platform and awards for Next Gen Browser Isolation for Most Innovative Deep Sea Phishing solution for Ericom ZTEdge RBIEight Cybersecurity Excellence Awards including Gold awards for Secure Access Service Edge SASE Zero Trust Security Network Security Endpoint Security Remote Browser Isolation Anti Phishing and Anti MalwareTwo Peoples Choice Stevie Awards for best Cloud Platform and Network Security SolutionSC Awards Best SASE Solution FinalistCanellos continued Ericom has had a record-breaking start in 2022 and by all indications the second half of the year will be equally successful or even more so. I want to thank our customers and partners for the faith they put in us and recognize the entire OneEricom team for the dedication and skill they bring to their jobs each day. Im proud of what our team has accomplished and excited about the opportunities ahead.
