ThycoticCentrify Momentum Delivers Exceptional Q2 Results, with Year-Over-Year Sales and Customer Growth During Key Integration Period

  • Digital Identity , Cloud
  • 22.07.2021 04:39 pm

Cloud Identity Security Leader Sees 41% Year-Over-Year Sales Growth and Almost 400 New Customer Acquisitions Following Corporate Merger

ThycoticCentrify, a leading provider of cloud identity security solutions formed by the merger of the privileged access management (PAM) leaders Thycotic and Centrify, today announced that the company has wrapped Q2 with a 41% increase in year-over-year sales, a 136% increase in year-over-year cloud sales, and the addition of 388 new customers during the quarter.

With merger integration ongoing, ThycoticCentrify continues to capture significant industry market share while also delivering differentiated new solutions to meet the evolving needs of its unified customer base. In addition, Thycotic and Centrify were both separately recognized again as Leaders in the 2021 Gartner Magic Quadrant for PAM, concluding an evaluation process begun prior to the announced merger that focused on ability to execute and completeness of vision.

“Our merger has not slowed us down and ThycoticCentrify continues to deliver for our customers. The remarkable growth in Q2 demonstrates our customer focus and delivery against the strong demand for ThycoticCentrify’s privileged access management and identity security solutions,” said Art Gilliland, CEO, ThycoticCentrify. “In particular, a 136% increase in year-over-year cloud sales validates our position that PAM solutions should be built in the cloud, for the cloud to meet modern business needs.”

“As increasing cyberattacks continue to plague businesses and U.S. critical infrastructure, our mission has never been clearer. We will continue to bring the best-in-class, cloud-ready PAM products to market to help current and future customers scale their data security capabilities, monitor and control network access, and deter the dangers of insider threats and ransomware attacks,” Gilliland continued.

Key company highlights:

Notable product innovation:

Prestigious industry recognition:

  • Thycotic was named Gold Winner of the ‘Hot Company of the Year - Cloud/SaaS’ category in the 16th Annual IT World Awards®. The company was also named a Bronze Winner of the ‘Cloud Security’ category
●      Centrify was named a winner of the Global InfoSec Awards at RSA Conference 2021
●      Thycotic won a third consecutive NorthFace ScoreBoard Award́ for Excellence in Customer Service

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