I joined Claroty as CEO only four months ago and am in the enviable position of leading a company that has experienced hyper-growth every year since it was formed in 2015. I’m honored to work alongside extraordinary talent that is focused on protecting the world’s most critical infrastructures and helping Chief Security Officers (CSOs) lower their risk of security compromise and loss in their operational technology (OT) environments.Adding to my excitement of joining the company, is meeting many CSOs that confirm our priorities and are looking for a partner in Claroty. In fact, 2019 was remarkably impressive as we achieved unprecedented growth of our blue-chip customer base in the manufacturing, oil and gas, and utility industries. We are gratified by the tremendous feedback they’ve already shared after deploying our Continuous Threat Detection (CTD) and Secure Remote Access (SRA) solutions.
Here are some of the major milestones that helped us realize our tremendous 2019 success:
We extended our CTD product to enable enterprises to discover and monitor their IoT devices. The latest release combines machine learning, behavioral analytics, and threat intelligence to contextualize and enrich alerts for large industrial enterprises across their IT and OT environments.
Together with FireEye, we introduced the integration of CTD with FireEye Helix to help industrial enterprises improve the efficiency and speed of security operations. The integration enables industrial asset owners to improve response times to OT security incidents, reduce exposure to cyber risk in their OT environment, and maintain consistent implementation of their security protocols when detecting and responding to OT cyber threats.
These innovations have garnered significant industry recognition. The U.S. Department of Homeland Security (DHS) awarded our best-in-class OT network monitoring solution SAFETY Act approval, making Claroty the first OT security provider to receive this designation. As a result, our customers now have added protection from lawsuits or claims following an act of cyber terrorism.
This momentum allows us to continue to attract industry leaders who share our passion for protecting industrial networks from increasingly complex cyber threats. It is a source of pride that we kicked off 2019 with the appointment of U.S. Navy Admiral (Ret.) Michael S. Rogers as Chairman of the Claroty’s Board of Advisors, and ended the year with the addition of Jennifer Leggio – a veteran at scaling customer acquisition, branding, and communications – to our executive team as Chief Marketing Officer.
It’s not by accident that CSOs are taking a more proactive position on securing their OT environments. Given the expansion and maturity of cyber threats, our geopolitical environment, and the historic lack of parity between IT and OT security resources, they have significant catching up to do in order to lock down their production environments. This is why I believe that 2020 is a breakaway year for industrial cybersecurity and, given our track record and achievements, a year in which Claroty is well-positioned to establish clear market share leadership.
I’m extremely excited to lead and scale the business as we expand our global footprint and further accelerate innovation to protect customers against increasingly complex OT/IoT cyber threats. I look forward to sharing my enthusiasm for our progress as an industry – and as a company – in our quest to make industrial networks more secure, when I see many of you at RSA Conference 2020 in San Francisco.