Throughout my interactions with customers and prospects, CISOs unanimously point to one constant in the cybersecurity equation: the human element. Now research backs up this anecdotal top note: our 2024 Voice of the CISO report1 published in May found that 74% of CISOs rank human-centric cyber risks as their top concern.
Proofpoint’s human-centric security platform is the only modern security architecture that takes a comprehensive, adaptive, and effective approach to protect against the three critical human risks impacting organizations—human-targeted threats, data loss and human error.
We are very pleased with Q2, continuing to drive strong business momentum, delivering first-to-market innovations and expanding our ecosystem partnerships.
Business Momentum for Proofpoint Continues in Q2
Our ability to solve our customers’ most complex problems drove strong results in the second quarter of 2024, with notable highlights including:
- Revenues and Annual Recurring Revenue (ARR) up in the mid-teens.
- Over 500 new enterprise organizations are entrusting Proofpoint as their cybersecurity partner of choice in Q2 2024.
- Record business growth in information protection and insider risk management, clearly establishing Proofpoint as the leader in the market.
- Continued market validation of our offerings with a healthy customer retention rate of 92%.
Market-first innovations: Redefining Email Security and Enabling Information Protection for AI
This year’s RSA Conference saw Proofpoint take to the stage to showcase why we are the undisputed leader in human-centric cybersecurity, with our AI-driven innovations recognized as “The 20 Coolest Cybersecurity Products At RSAC 2024” and “The 10 Hot AI Cybersecurity Tools At RSAC 2024”.
We unveiled market-first innovations on two fronts. First, by delivering a single solution to protect against every type of threat, every time, every way a user may encounter it, using every form of detection with complete, adaptive, end-to-end protection across the entire email delivery chain—combining pre-delivery, click time, and post-delivery detection. Second, by announcing the general availability of Data Loss Prevention (DLP) Transform, making responsible Generative AI use a reality for our customers by modernizing DLP with our cross-channel capabilities so that CISOs can now embrace ChatGPT, co-pilots and other AI tools while preventing the exposure of IP.
The Cybersecurity Revolution: Integration is Key
With a cyber threat landscape that is forever evolving in sophistication and complexity, CISOs and CIOs are looking to consolidate their security architecture to span across multiple channels, infrastructures and people. Our “Better Together” strategy is to offer a unified human-centric security platform that integrates with other key solutions in the cyber architecture, namely SASE, EDR, SoC automation (SIEM/SOAR/XDR) and Identity & Access Management.
These components of the cybersecurity architecture are powerful on their own, and their effectiveness compounds when they are well integrated. That is why we have partnered with an ecosystem of market-leading cybersecurity vendors—including Palo Alto Networks, CrowdStrike, Microsoft, CyberArk, Okta and many more. Our joint customers benefit from a defense-in-depth approach and security operations at scale: what all enterprises need to stay ahead of today’s threats.
Welcoming New Team Members
We are delighted to welcome the newest members of our senior leadership team, who will all play a pivotal part in the growth of their respective regions and organizations. Seasoned global marketing leader Elia Mak joins us as SVP, Brand and Global Communications, and cybersecurity veteran George Lee takes the lead in a strategically-important region for Proofpoint as SVP, Asia Pacific & Japan.
We also welcome Harry Labana as SVP & GM of archiving, compliance, and digital risk, to further our leadership position in the emerging category of digital communications governance, a key aspect of human-centric security.
See You at Protect 2024!
I am excited about our annual flagship events with the Protect Series, kicking off in New York in early September. Over the course of this immersive two-day event, we will be joined by leading cybersecurity ecosystem partners to lay out our shared vision of a better future in which our respective platforms become more than the sum of their parts, to enhance outcomes for our joint customers. Plus, we will unveil our next round of innovations delivering further value to our customers and enabling them to protect people and defend data.
Register here for the event nearest you: www.proofpoint.com/protect.
We look forward to seeing you there!
-------
12024 Voice of the CISO Report: https://www.proofpoint.com/us/newsroom/press-releases/proofpoints-2024-voice-ciso-report-reveals-three-quarters-cisos-identify