ObserveIT Recognized by Industry Leading Judges for the Potential of Being Valued at $1B as a Cybersecurity Unicorn in the Near Future

Boston – ObserveIT, the leader in Insider Threat management with more than 1,900 customers around the world, today announced that it has been named a Winner in the 2019 Black Unicorn Awards. The awards showcase companies with incredible potential in the cybersecurity marketplace.

ObserveIT competed over a five month period against many of the industry’s leading providers of cybersecurity products and services for this prestigious award.  The term “Black Unicorn” signifies a cybersecurity company that has the potential to reach a $1 billion dollar market value as determined by private or public investment.

“We judges felt that ObserveIT deserved to be named a Black Unicorn Awards winner for 2019 because they have the team, technology, drive and hypergrowth curve to potentially become a cybersecurity unicorn,” said Judges Robert Herjavec of www.herjavecgroup.com, David DeWalt of www.nightdragon.com and Gary Miliefsky of www.cyberdefensemediagroup.com.

ObserveIT’s rapid growth and vast market opportunity confirms that more organizations are seeing wholistic Insider Threat protection as imperative for business success. The company saw record sales in the second quarter, securing several sizable deals across various industries. Further, in an effort to remain on the cutting edge of insider threat detection and prevention, ObserveIT continuously releases updates to its solution – most recently ObserveIT 7.8 – based on the current threat environment and feedback from customers.

“We are honored to receive this award as further validation that our solution is and will continue to make an impact on businesses across the globe,” said Mike McKee, CEO of ObserveIT. “Insider Threats are on the rise and they’re becoming more difficult to detect and prevent. We’re committed to helping organizations as they navigate this challenging threat landscape and ensure their most valuable data and IP remain secure.”

To learn more about the latest version of ObserveIT’s Insider Threat Management solution and how it helps organizations detect risky behavior, expedite investigations and stop data loss, visit here. For a free trial of ObserveIT, visit here.

About ObserveIT
ObserveIT is the leading Insider Threat Management solution with more than 1,900 customers across 87 countries. ObserveIT is the only solution that empowers security teams to detect insider threats, streamline the investigation process, and stop data exfiltration. With 350+ out-of-the-box insider threat indicators of compromise, rich metadata and outstanding search capability and playback of any policy violation, ObserveIT provides comprehensive visibility into what people – contractors, privileged users and high-risk users – are doing, and reduces investigation time from days to minutes. For more information visit: www.observeit.com.

About Cyber Defense Awards

This is Cyber Defense Magazine’s 7th year of honoring cybersecurity innovators, in this case the Black Unicorn Awards for 2019 on our Cyber Defense Awards platform. In this competition, judges for these prestigious awards includes cybersecurity industry veterans, trailblazers and market makers Gary Miliefsky of CDMG, Robert Herjavec of Herjavec Group and David DeWalt of NightDragon.  To see the complete list of finalists for the Black Unicorn Awards for 2019, please visit http://cyberdefenseawards.com/black-unicorn-awards-finalists/ and winners at http://cyberdefenseawards.com/black-unicorn-awards-winners/

About Cyber Defense Magazine

Cyber Defense Magazine was founded in 2012 by Gary S. Miliefsky, globally recognized cyber security thought leader, inventor and entrepreneur and continues to be the premier source of IT Security information. We are managed and published by and for ethical, honest, passionate information security professionals. Our mission is to share cutting-edge knowledge, real-world stories and awards on the best ideas, products and services in the information technology industry. We deliver electronic magazines every month online for free, and limited print editions exclusively for the RSA, BlackHat and IPEXPO conferences and our limited edition paid reprint subscribers. Learn more about us at http://www.cyberdefensemagazine.com. Cyber Defense Magazine is a proud member of the Cyber Defense Media Group.


ObserveIT Media Contact:

Erin Smith