Company Finished Year with Addition of 858 New Customers and 45 Percent Year-Over-Year Sales Growth

Thycotic, provider of privileged access management (PAM) solutions for more than 10,000 organizations worldwide, today announced that it has ended a stellar 2018, outperforming 2017 with a 45 percent year-over-year sales growth. In addition to its sales growth, Thycotic also added 285 new customers in Q4 alone and 858 for 2018 overall. In addition to its on-premise enterprise-class PAM solution, Thycotic’s focus in providing a cloud PAM option to its customers has contributed to its success which allows users to reduce regulatory compliance burdens and meet requirements to keep data in their home region.

“This year has far-and-away exceeded what we set out to accomplish in 2018,” said James Legg, CEO at Thycotic. “Organizations are selecting Thycotic because they want a comprehensive, scalable and simpler PAM solution available on-premise or from the cloud. We’re especially pleased that Thycotic customers are successful as reflected by how highly they rate us in customer satisfaction surveys.”

For more, please see: Highlights of Thycotic’s Overall 2018 Performance