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STEALTHbits Announces Record Breaking 3rd Quarter Results

/EIN News/ -- HAWTHORNE, N.J., Oct. 31, 2018 (GLOBE NEWSWIRE) -- STEALTHbits Technologies, Inc., a cybersecurity software company focused on protecting an organization’s sensitive data and the credentials attackers use to steal that data, just announced a record breaking third quarter.

STEALTHbits achieved 50 percent year over year growth compared to Q3 FY 2017, and continues to add large enterprise companies and new channel partners to the STEALTHbits portfolio.

Much of this success is due to the reinvestment of 65 percent of the organization’s revenue into Research and Development. This has resulted in market leading functionality on multiple fronts, including STEALTHbits’ sensitive data discovery capabilities and the ability to leverage Optical Character Recognition (OCR) for discovery across the troves of image files and scanned documents contained within organizational data repositories.  STEALTHbits is also differentiating their permissions assessment, activity monitoring, and sensitive data discovery capabilities through the support of structured data repositories like SQL databases, not solely file data contained in unstructured formats.

STEALTHbits’ Active Directory Management and Security portfolio also sets the organization apart, boasting the most comprehensive capabilities in the industry today for dealing with some of the most sophisticated attack vectors organizations are facing.

These investments have also led to more than 30 new technical hires in STEALTHbits’ development and engineering hub in Madison, Wisconsin.  In addition to the expansion in Wisconsin, STEALTHbits has now opened new offices in Eugene, Oregon; Newport Beach, California; and Farnborough, United Kingdom.

“Companies like Varonis, who have said in the past that we are not a competitor, are changing their tune. We are at the table and they know STEALTHbits’ success can be largely attributed to the reliability, scalability and stability of our solutions,” said Steve Cochran, CEO of STEALTHbits.

Cochran continued, “But it isn’t just about the competition, which truthfully we love. It is about giving the customer the best solution in the market at a price they can afford. We have earned the trust and respect of some of the largest organizations in the world and we are not slowing down. Companies are switching to STEALTHbits from these competitors at a phenomenal rate and we are excited about Q4 and beyond.”

About STEALTHbits Technologies 
STEALTHbits Technologies, Inc. is a cybersecurity software company focused on protecting an organization's sensitive data and the credentials attackers use to steal that data. By removing inappropriate data access, enforcing security policy, and detecting advanced threats, we reduce security risk, fulfill compliance requirements, and decrease operations expense. 

Identify threats. Secure data. Reduce risk. 

For more information, visit http://www.stealthbits.com, email sales@stealthbits.com, or call +1-201-447-9300. 

The STEALTHbits logo and all other STEALTHbits product or service names and slogans are registered trademarks or trademarks of STEALTHbits Technologies, Inc. All other trademarks and registered trademarks are property of their respective owners. 

MEDIA CONTACT:
Dan Chmielewski
Madison Alexander PR
Office: +1 714-832-8716
Mobile: +1 949-231-2965
dchm@madisonalexanderpr.com

STEALTHbitsLogo.jpg

Distribution channels: Retail


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