Tel Aviv, Israel and New York, NY (July 26, 2022) – Ericom Software, a leading provider of Zero Trust cloud-native cybersecurity solutions and developer of the ZTEdge™ SSE Platform, today announced record results for H1, 2022, delivering incremental annual recurring revenue (ARR) growth of over 127% compared to the same period in 2021. In addition, the company closed its three largest-ever sales contracts with customers in diverse industries across three continents. Accelerating demand for Ericom’s ZTEdge solutions drove its strong performance, including increased adoption of its unique isolation-based solutions like Web Application Isolation, a powerful, clientless ZTNA solution that enables enterprises to secure access to private corporate applications and shared SaaS cloud services from unmanaged devices.
Among the organizations that chose the ZTEdge platform are a security-first government department of a G7 country, a top-10 global systems integrator, and a highly innovative government organization in the Asia Pacific region. In addition, nearly a dozen visual effects and film industry studios have adopted ZTEdge Web Isolation, including some that switched from less-performant competitive remote browser isolation (RBI) solutions. ZTEdge Web Isolation enables studios to secure use of internet, email and virtual meetings without risk of data loss, in compliance with the Motion Picture Association (MPA) Content Security Best Practice Common Guidelines.
“Ericom solutions experienced strong demand throughout the first half of this year, building upon our record sales in 2021,” said David Canellos, President and CEO. “In addition to the impressive financial results, our organization delivered in other important areas, including achieving SOC 2 Type 2 certification for the Ericom Global Cloud and strong industry recognition for our ZTEdge SSE cloud security platform.”
Continued innovation by the Ericom Software R&D team was a key contributor to the strong 1st half results. Key proprietary technologies that played a decisive role in customers’ decisions to partner with Ericom include:
To accelerate the already impressive pace of technology development and meet customer demand for its isolation-based, cloud-delivered secure access solutions, the company increased headcount by 10% and opened a third Israeli development center in Tel Aviv to complement existing Jerusalem and Modi’in locations.
Integrated cloud-based SASE/SSE platforms, like Ericom ZTEdge, are increasingly displacing traditional on-premises security products. Gartner® predicts that, “by 2025, 80% of enterprises will have adopted a strategy to unify web, cloud services and private application access using a SASE/SSE architecture, up from 20% in 2021¹.” Ericom has both benefited from – and through its innovative cloud security products – contributed to this trend, as indicated by widespread industry recognition. In its recent GigaOm Radar for Secure Service Access (SSA), Ericom Software’s ZTEdge solution was rated as an “outperformer,” the only new SSA entrant to be awarded that recognition. Remote Browser Isolation, a key capability in Ericom’s ZTEdge platform and other Ericom cybersecurity solutions, has become an important component of SASE. Gartner® recently noted that “remote browser isolation was originally an optional SASE capability in 2019, but its use has become widespread for certain use cases and its inclusion must now be considered core ¹.”
Ericom Software earned numerous prestigious industry awards in the first half of the year, including:
Canellos continued, “Ericom has had a record-breaking start in 2022 and by all indications, the second half of the year will be equally successful, or even more so. I want to thank our customers and partners for the faith they put in us and recognize the entire #OneEricom team for the dedication and skill they bring to their jobs each day. I’m proud of what our team has accomplished and excited about the opportunities ahead.”
Ericom Software is a leading provider of cloud-delivered, Zero Trust cybersecurity solutions that protect today’s digitally distributed organizations from advanced security threats. The company’s ZTEdge™ platform is the industry’s leading Secure Access Service Edge (SASE) solution developed specifically for midsize enterprises and small businesses. Ericom solutions protect thousands of businesses and millions of end users worldwide and leverage innovative remote browser isolation, application isolation, microsegmentation, and virtualization technologies, and are delivered on the ZTEdge Global Cloud.
¹Gartner 2022 Strategic Roadmap for SASE Convergence, 24 June 2022. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.
July 26, 2022
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