CloudKnox Security, the only cloud permissions management platform provider for hybrid and multi-cloud environments, today shared its significant momentum, building on its 2020 product go-to-market as the leader in the newly defined cloud infrastructure entitlement management (CIEM) space. Over the last year, CloudKnox has achieved a 400% increase in revenue, resulting from strong demand from enterprises including Fortune 500 companies in the financial, insurance, health care, pharmaceutical, utilities, consumer and technology verticals globally. What’s more, CloudKnox recently released in-depth research underscoring the market greenspace for CIEM, including troubling findings illustrating the dangers associated with the Cloud Permissions Gap.
CloudKnox Takes CIEM To New Heights Since Gartner’s New Category
Since Gartner named the new CIEM category in 2020, CloudKnox research has uncovered that 7 out of 10 CISOs for Fortune 500 enterprises are seeking CIEM solutions to solve critical cloud entitlements management pain points. As the market leader, CloudKnox has responded to this incredible market demand with a series of strategic integrations and partnerships, including strengthening its relationship with Amazon Web Services (AWS) as demonstrated by its integration with AWS services like AWS Config, AWS Control Tower.
CloudKnox has continued to scale its open platform by integrating with technology leaders such as HashiCorp, Okta, Ping, ServiceNow, Splunk and others while continuing to expand existing customers rapidly. Such groundswell clearly validates that CloudKnox’s platform delivers the scalability, openness, reliability and automation needed to deliver immediate value to global enterprises. Additionally, CloudKnox extended the CIEM market even further by becoming the first Cloud Permissions Management Platform to offer comprehensive support for serverless functions and Kubernetes Containers.
“The CloudKnox Cloud Permissions Management Platform presents the most complete CIEM offering on the market, and we are proud to have successfully deployed our platform to Global 1,000 enterprises across the financial, insurance, health care, pharmaceutical, utilities, consumer and technology industries,” said Balaji Parimi, CEO and Founder of CloudKnox. “We’re excited to continue defining the CIEM space based on our customers’ needs and our vision for the future of entitlements management.”
Internal and External Company Expansion
In addition to advancing its lead in the market, CloudKnox continued its business growth through 2020, making key go-to-market hires by adding Sharon Thompson, VP of Marketing, to its leadership team.
With the continued focus on Cloud Security, CloudKnox is bolstering its partner program with strategic relationships with partners that focus on Cloud Security with experience with the convergence of IAM and Security. The CloudKnox Partner EcoSystems include Presidio, GuidePoint Security, Optiv FocalPoint, Outpost, Simeio, Omada, Wipro, PWC, Deloitte, and Tevora.
Major Recognitions and Award Wins
CloudKnox was also recognized as a SINET 16 Innovator Award Winner and a Gartner 2020 Cool Vendor in Identity Access Management (IAM) and Fraud Detection. Most recently, CloudKnox was named the gold winner in North America for Cloud Infrastructure Entitlements Management in the 2021 Cybersecurity Excellence Awards as well as the gold winner for the AWS Cloud Security, Hybrid Cloud and Identity Access Management (IAM) categories in the 2021 Cyber Security Global Excellence (Globee) Awards.
Enforcing Least Privilege Policies and Zero Trust Access to Address CISOs’ Pain Points
To learn more about the CloudKnox approach that enables enterprises to enforce a least privilege posture and Zero Trust Architecture implementation across their hybrid and multi-cloud environments, please visit www.cloudknox.io. CloudKnox offers a free Risk Assessment to help enterprises understand their cloud identity and resource risk profile. For more information, please visit: https://cloudknox.io/risk-assessment/.
CloudKnox Security is the only cloud security platform built from the ground-up to support the monitoring and management of identities, actions and resources across hybrid and multi-cloud environments using patented Activity-based Authorization technology. Through an extensible single platform, CloudKnox transforms how organizations implement the principle of least privilege and implement Zero Trust Architecture for their hybrid and multi-cloud environments. CloudKnox is based in Sunnyvale, CA.