Illustrating the strength of the user behavior analytics (UBA) market for IT security, San Mateo-based Exabeam has announced that it boasted a150 percent increase in sales above target for 2015, and the firm expects more of the same in 2016.
Those sales number may come as no surprise, since Gartner estimates that the UBA market will grow from $50 million in 2015 to approximately $200 million by the end of 2017, a combined annual growth rate of 100 percent. Exabeam executives expect to increase headcount by 100 percent and sales by 300 percent over 2015 results in the coming year.
“2015 was a big year for Exabeam. The company fired on all cylinders and it’s a very exciting time to be here,” said CEO Nir Polak. “The UBA market is growing very quickly, and we are well-positioned to extend our leadership position in 2016. We have the team, the technology, and the partners in place for significant growth.”
Exabeam’s user behavior analytics solution leverages existing log data to quickly detect advanced attacks, prioritize incidents and guide effective response. Polak explained that the company’s Stateful User Tracking automates the work of security analysts by resolving individual security events and behavioral anomalies into a complete attack chain.
“This dramatically reduces response times and uncovers attack impacts that would otherwise go unseen,” Polak says.
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