STEALTHbits Technologies, Inc. a cybersecurity software company focused
on protecting an organization’s sensitive data and the credentials
attackers use to steal that data, today announced their commitment to
remain flexible and in line with customer preference with concern to
software licensing. In an industry infatuated with conversion to
subscription pricing due to often unnecessarily high overhead, rare
occurrences of profitability, and thus weak cash flows, STEALTHbits’
high-strength financial standing and demonstrated longevity have
continued to allow customers the flexibility to choose between capital
and operational budget pools when making purchasing decisions. This has
proven to be particularly important to customers in 2019 as Varonis
Systems, STEALTHbits’ primary competitor in the Data Access Governance
market, has migrated to a subscription model, frustrating customers and
prospects alike that cannot afford or lack the desire to commit to
larger overall payments over extended periods of time.
“Subscription pricing is nothing new and is certainly both a viable
licensing strategy and a positive for consumers in the right
circumstances,” said Steve Cochran, STEALTHbits’ Founder and Chief
Executive Officer. “But to make it a requirement to doing business seems
an unnecessary burden to place on the customer.” Cochran continued, “We
get why so many vendors are moving to subscription models. This is what
investors and the financial community want to support higher valuations
for their portfolio companies. We’re fortunate and proud to be able to
work with whichever model the customer prefers though, and with so many
vendors now fighting over OpEx budget, we’ve actually seen an increased
appetite for perpetual pricing over the past year, which we’ve certainly
been a beneficiary of.”
For more information about STEALTHbits Technologies and their portfolio
of Active Directory Security and Data Access Governance offerings, visit www.stealthbits.com.
ABOUT STEALTHBITS TECHNOLOGIES
STEALTHbits Technologies is a cybersecurity software company focused on
protecting an organization’s credentials and data. By removing
inappropriate data access, enforcing security policy, and detecting
advanced threats, we reduce security risk, fulfill compliance
requirements, and decrease operations expense.
Identify threats. Secure data. Reduce risk.
For more information, visit http://www.stealthbits.com/contact
or call +1-201-447-9300.
The STEALTHbits logo and all other STEALTHbits product or service
names and slogans are registered trademarks or trademarks of STEALTHbits
Technologies, Inc. All other trademarks and registered trademarks are
property of their respective owners.