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Bradford Networks’ Enters New Fiscal Year With Record Bookings And Channel Expansion Driven By Demand for Security Automation
Posted: Wed Aug 03, 2016 09:14:24 AM
 
bradford

August 3, 2016, Boston, MA – Bradford Networks, an innovator in transforming network security through visibility, control and response, is entering FY ‘17 starting July 1 with a 79% increase in quarterly product bookings with over 70% coming from enterprise accounts. With a roster of new value-added resellers and distributors on-boarded recently, Bradford Networks has expanded geographic coverage and has added staff to support the channel coverage.

As the cybersecurity threat expands, maintaining a comprehensive security posture has become critical for enterprises worldwide. According to Gartner, global IT security spending is expected to easily exceed $100 billion by 2020, and more importantly, 60% of that budget will be allocated to rapid detection and response approaches. “Bradford Networks is on the forefront of the security automation and orchestration market. Our solutions are uniquely positioned to fulfill the integrated security automation needs of global enterprises,” said Rob Scott, president and CEO of Bradford Networks.

Customers and partners are responding positively to the company’s technology and solutions, resulting in following developments:

  • Quarterly product bookings growth of 79% year over year

  • Closing of significant deals with large enterprise accounts in verticals such as financials, hospitality, retail, healthcare and utilities

  • Continued adoption of Automated Threat Response functionality of Network Sentry in Higher Education

  • 50% increase in channel partners attending the Global Partner Conference in July 2016

  • Additional equity funding from existing investors to accelerate product development and expand geographic reach

Bradford Networks will be exhibiting its solutions at Black Hat USA 2016, July 30 – August 4, in Las Vegas, Booth 1373 and will have senior leadership onsite to meet with partners, customers and prospects.

 
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