Company announces new office as part of expansion plans, 80% increase in bookings in last 15 months and release of latest version of its insider threat solution with enhanced exfiltration detection, prevention and reporting capabilities
TEL AVIV – ObserveIT, the leading insider threat management provider with more than 1,800 customers around the world, today announced the opening of its new office located in Alon Towers, Tel Aviv a reflection of its significant growth and product innovation, in line with the global demand for ObserveIT’s insider threat management solution.
ObserveIT’s new high-end office at Alon Towers, located in one of the prime business areas in Tel Aviv close to transport links for easy commuting, is led by Tal Tikotzki, VP Engineering at ObserveIT. Mike McKee, the company’s CEO, is in Tel Aviv for the launch of the company’s new office.
“We’re thrilled to be expanding and moving to our new office location at Alon Towers, said Tal Tikotzki, “It broadens our access to industry leading talent in Israel and enables us to focus on the development of the ObserveIT platform and enhancing our Insider Threat Management platform.”
The company recently unveiled the latest version of its solution, ObserveIT 7.6, and experienced the largest bookings quarter in the company’s history, with an 80% increase in bookings over the last 15 months, several sizable customer wins and key industry accolades.
Other milestones achieved in Q3 include a $33 million Series B funding round, four deals over $1 million with Fortune 500 brands, and the appointment of NightDragon Security Founder Dave DeWalt as vice chairman of the board of directors.
ObserveIT also received notable industry recognition in the third quarter, validating its position as the leader in insider threat management. The company was recognized as a Security Solution Provider of the Year by the CyberSecurity Breakthrough Awards and received two Cyber Defense 2018 Global Awards in the “Cutting Edge Insider Threat Detection” and “Best Product Insider Threat Prevention” categories.
ObserveIT was recognized in Forrester’s July 2018 Defend Your Data as Insiders Monetize Their Access report as an example of an endpoint monitoring tool and was evaluated by KuppingerCole for an in-depth breakdown of its insider threat solution.
“The expansion of our new office in Tel Aviv, growing customer base, cutting edge product enhancements and industry validation all confirm our unmatched one-of-a-kind solution and position as the insider threat management platform of choice for major brands across the globe” comments ObserveIT CEO, Mike McKee.
ObserveIT is the leading Insider Threat Management platform with more than 1,800 customers across 87 countries. ObserveIT is the only solution that empowers security teams to detect insider threats, streamline the investigation process, and prevent data exfiltration. With more than 300 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.
The company was established in 2006 by Gaby Friedlander and Avi Amos. In 2013 Bain Capital invested in the company. The headquarters is located in Boston and the development center in Israel. The company employs 150 people, 70 of them in Israel.
For more information visit https://www.observeit.com/