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Company achieves more than 400% growth in cloud bookings in 2019

WASHINGTON, Feb. 12, 2020 /PRNewswire/ --Thycotic, provider of privileged access management (PAM) solutions to more than 10,000 organizations, including 25 of the Fortune 100, today announced its 2019 accomplishments in cloud-based PAM. Successes this past year included award wins for its Secret Server Cloud solution, customer adoption, new cloud-focused product releases and more.

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With more than 90 percent of the world's data stored in the cloud, adoption of a cloud-based PAM solution has been more important than ever. Thycotic's Secret Server Cloud solution allows customers to benefit from an infrastructure and platform built to meet the requirements of the most security-sensitive organizations.

Thycotic was able to add an abundance of new customers to its cloud-PAM solution roster in 2019, a few of which included DXC Technology and Delta Dental of Colorado.

"Security is our top priority. We chose Secret Server Cloud because it perfectly meets our needs for enterprise Privileged Access Management. Plus, the ease of use for both admins and users is exceptional," said Peter Loach, IT Manager - DXC Eclipse at DXC Technology.

"We chose Secret Server Cloud for our PAM requirements because it is easy to use and is a fully functional solution that meets all of our needs. The product is fantastic. It just works," said Andy Blanton, System Administrator at Delta Dental of Colorado. "It's not only simple, but also complex in what it can do for us as an IT department."

Thycotic's additional 2019 cloud-based accomplishments, include:

"Migration of workloads to public cloud infrastructures, like AWS and Azure, has greatly increased the enterprise attack surface. We have been committed to delivering best-in-class PAM capabilities as SaaS, to ensure ROI through instant deployment, while extending our PAM controls to IaaS," said Jai Dargan, vice president of Product Management at Thycotic. "2019 was a banner year for our cloud roadmap and we will be delivering several new advanced solutions in the coming months."

For more information on Thycotic and its cloud-based PAM solutions, visit http://www.thycotic.com.

Heading to RSA Conference, February 24 28, 2020, in San Francisco? Visit Thycotic booth #655 in the South Hall and you could #DriveAwayFromRSA in the CEO's Jeep! Not attending? Join the conversation virtually with Thycotic CISO, Terence Jackson, on Tuesday, February 25, 2020, at 10:30 a.m. (PT), as he participates in the live video panel, "The Changing Face of Compromise," presented by BrightTALK.

About Thycotic

Thycotic is the leading provider of cloud-ready privilege management solutions. Thycotic's security tools empower over 10,000 organizations, from small businesses to the Fortune 100, to limit privileged account risk, implement least privilege policies, control applications, and demonstrate compliance. Thycotic makes enterprise-level privilege management accessible for everyone by eliminating dependency on overly complex security tools and prioritizing productivity, flexibility and control. Headquartered in Washington, DC, Thycotic operates worldwide with offices in the UK and Australia.

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SOURCE Thycotic

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Thycotic Leads the Way for Cloud-based Privileged Access Management - Yahoo Finance