Real-time network security provider ForeScout Technologies, Inc. released a report Thursday that showed record growth for the company in 2012.
ForeScout provides solutions for Global 1000 enterprises and various government organizations, so the implications of this upward trend are significant. Namely, ForeScout’s success is proof that the number of large corporations looking to leverage BYOD (bring your own device), NAC (network access control), and end-point compliance is growing – and fast.
“The BYOD trend continues to be the major driver in NAC adoption,” Gartner reported. “NAC vendors must have flexible approaches (partnerships and/or internally developed capabilities) for enforcing policies on the use of personally-owned devices.”
Balancing and enforcing BYOD and NAC policies is a problem hitting big businesses at a record rate, and corporations are looking to companies like ForeScout to provide solutions that are fair to both employees and executives alike.
“Mobility and BYOD trends have increased demand, and the largest NAC suppliers have seen strong increases in growth,” continued Gartner. “Driven by these trends, we expect market growth of approximately 63 percent in 2013, as businesses are spending on mobile device management (MDM) and NAC as the primary means for meeting demand of personally-owed smartphones and tablets, while containing risks.”
ForeScout’s report reveals that the company’s bookings have increased by more than 66 percent thanks to the changing landscape of business and BYOD, with ForeScout’s installed base reaching 1,400 global customers in 2012.
CEO at ForeScout, Gord Boyce, commented on his company’s success; “I’m proud of our team’s ability to manage growth and meet evolving customer requirements. As we look to 2013, we’ll continue to innovate and help our customers secure enterprise mobility and endpoint compliance.”
Boyce added, “We continue to see substantial global demand for tools that provide real-time visibility and automated control given that IT must embrace greater device, application, user and access diversity.”
ForeScout’s solution is becoming one of the most successful answers to this growing demand, and the company has received vast recognition for its efforts in addition to the company’s self-reported growth.
Gartner named ForeScout as a “Leader” in the 2012 Magic Quadrant for Network Access Control, for instance, and Frost & Sullivan has described ForeScout as the largest independent NAC vendor in the market today.
The company boasts the fastest growth among its competition.
In the past year, ForeScout has received multiple awards recognizing its growing dominance in the security industry, and the company’s many new features released in 2012 have helped spur this growth.
New features ForeScout developed in 2012 include Granular Android and iOS device security via ForeScout Mobile, and bidirectional integration with leading MDM platforms.
In addition, ForeScout updated its flagship product, the ForeScout CounterACT 7, making NAC much more usable with features like built-in RADIUS, RADIUS proxy, and agentless authentication, hybrid 802.1x- and non-802.1x-based device authentication and enforcement – as well as enhanced interoperability and scalability.
As ForeScout gains more recognition and customers into the New Year, other companies are certainly taking notice, leading to a number of new partnerships for the security provider, including deals with McAfee and Fiberlink.
Gartner’s 2012 Magic Quadrant for Network Access control report is available here, and provides additional information and a list of accolades ForeScout has secured for its management of BOYD trends in 2012.
Edited by Braden Becker