DivvyCloud,
the leading independent provider of security and compliance automation
for cloud and container environments, today announced new capabilities
and technological advancements to its solution, as well as significant
company growth achieved over the last 18 months. Fueled by a recent $19
million funding round and additions to the company’s leadership team,
DivvyCloud has achieved 230 percent year-over-year (YoY) revenue growth
and 100 percent growth in its customer base.
“As companies continue to implement multi-cloud strategies, they need a
platform that allows them to fully embrace self-service access without
losing control,” said Brian Johnson, CEO and co-founder of DivvyCloud.
“Our solution uses automated remediation to minimize risks associated
with misconfigurations, policy violations, threats, and Identity and
Access Management (IAM) challenges, and gives enterprises a unified
security posture for their multi-cloud and container environments,
ensuring continuous security and compliance. Our new product
capabilities make this process even easier. In a market sector with
enormous demand, DivvyCloud is driving innovation, solving customer pain
points, and enabling customers to balance their need for innovation at
speed with security.”
Product Innovations
DivvyCloud’s growth in terms of revenue and customer base can be
attributed to its focus on innovation and dedication to customer
success. DivvyCloud has made the following enhancements to its product
offering to further allow customers to strengthen and simplify security
and compliance management:
-
IAM Protection. DivvyCloud helps organizations govern IAM and
adopt a unified zero trust security model across their cloud and
container environments. In these environments, everything has an
identity: users, applications, services, and systems. This provides
enormous flexibility, but also creates the opportunity for substantial
risk as every service is potentially reachable by every other one,
regardless of location, but only if an implicit trust is defined.
DivvyCloud’s expanded capabilities help companies address this
perimeter fluidity and the substantial challenges created by security
professionals having to govern cloud environments at scale. With
DivvyCloud, companies can protect the identity perimeter at scale
through automated monitoring and remediation around access management,
role management, identity authentication, and compliance auditing. -
Risk Assessment and Auditing. DivvyCloud helps security,
governance, risk, and compliance professionals quickly assess risk and
make informed decisions about how to manage and remediate risk. In
order to build trust, organizations must be able to prove to
executives, auditors, and stakeholders that their cloud environments
are well-governed. The DivvyCloud Compliance Scorecard delivers a
visual representation of risk aligned with regulatory or industry
standards, or customers’ own corporate standards, through an
interactive heat map. This heat map provides a unified view across all
cloud environments and can be filtered by facets like cloud
environment, account, business unit, application, risk profile,
compliance standard, etc. The Compliance Scorecard assists teams of
all types, including auditors, operations, security, and compliance,
in identifying areas where risk exists, as well as providing guidance
for acting appropriately to remediate this risk. It provides a way to
prove to executives and auditors, through data, the current and
historical state of security and compliance. Additionally, the
Compliance Scorecard can be used to deliver actionable and
understandable data to business units and teams to demonstrate where
security posture improvement is necessary and how their security
posture is trending. -
Threat Protection. DivvyCloud delivers a unified approach to
monitoring and responding to threats to cloud accounts and
workloads across multiple clouds, and makes it easy to implement
automation that reduces remediation and recovery time. To deliver
threat protection, DivvyCloud leverages cloud service provider (CSP)
services (e.g. Amazon GuardDuty) for best-in-class intelligent threat
detection that continuously monitors for malicious activity and
unauthorized behavior. For example, GuardDuty analyzes tens of
billions of events across multiple AWS data sources, such as AWS
CloudTrail, Amazon VPC Flow Logs, and DNS logs and helps detect
activity such as crypto-currency mining, credential compromise
behavior, communication with known command-and-control servers, or API
calls from known malicious IPs. When a threat is identified,
DivvyCloud can perform automated remediation actions including
reconfiguring cloud services, making changes to cloud infrastructure,
driving human-centered workflows with integration into systems like
ServiceNow and Jira, and orchestrating workflow actions in other
security and management systems.
Company Growth
Since its founding in 2013, DivvyCloud has experienced immense growth,
which has accelerated in recent months. Specific metrics include:
- Two hundred percent YoY revenue growth in the past 18 months
-
One hundred percent increase in customer base over the past 18 months,
including several new marquee customers such as Twilio, 3M, Autodesk,
Pizza Hut, CoStar, and Kroger -
Only one enterprise customer has been lost in the five-year history of
the company while annual recurring revenue (ARR) growth from existing
customers has been upwards of 30 percent–proof of the immense growing
value that DivvyCloud provides to its customers
Strengthened Leadership Team
DivvyCloud has doubled its staff in the past year, including
significantly growing its engineering team to continually drive product
innovation. Additionally, strategic additions to the company’s
leadership team include:
-
Scott Totman, vice president of engineering. Totman leads the
innovation, development, and delivery of DivvyCloud’s software. Prior
to joining DivvyCloud, Totman was the vice president for Capital One’s
Digital Products Engineering organization, which builds every digital
touchpoint for Capital One customers through web and mobile platforms.
Prior to Capital One, Totman worked at AOL running AIM and ICQ, the
world’s largest messaging platforms at the time. -
Rick Juneja, vice president of customer success. Juneja is
focused on driving adoption of DivvyCloud’s software by demonstrating
value and enhancing relationships within the company’s broad customer
base. Juneja’s experience as the senior vice president of customer
success, professional services and support at OPower (acquired by
Oracle) will prove invaluable. During his tenure at OPower, Juneja was
a key player in the company’s growth from $27 million to $150 million
in ARR.
Accolades
DivvyCloud’s innovation in cloud security continues to receive
recognition with wins in well-known industry awards, including:
-
Winner in the cloud security category in the 2019
Cybersecurity Excellence Awards -
Recognized as the editor’s choice vendor of the cloud security
category in Cyber Defense Magazine’s InfoSec
Awards 2019 -
Winner of the private and public cloud compliance category in the 2019
Fortress Cyber Security Awards
To learn more about DivvyCloud’s automated cloud security and compliance
solution, visit
Booth 731 at AWS re:Inforce 2019 from June 25-26 in the Boston
Convention and Exhibition Center.
About DivvyCloud
DivvyCloud protects cloud and container environments from
misconfigurations, policy violations, threats, and IAM challenges. With
automated, real-time remediation, DivvyCloud customers achieve
continuous security and compliance, and can fully realize the benefits
of cloud and container technology. Freedom is good. Chaos is bad. To
learn more: www.divvycloud.com.
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