Alert Logic, the security as a service specialist, says Q3 revenues were $5.6 million, up 46 percent from Q3 2010. Translation: Demand for cloud-based security services continues to grow rapidly, though MSPmentor does not have a view into Alert Logic's overall profitability metrics. Here's some more background. Alert Logic President and CEO Gray Hall attributes the company's growth to two main factors.

Nicholas Mukhar

October 26, 2011

1 Min Read
Alert Logic: Security as a Service, Cloud Security Sales Grow 46%

Alert Logic, the security as a service specialist, says Q3 revenues were $5.6 million, up 46 percent from Q3 2010. Translation: Demand for cloud-based security services continues to grow rapidly, though MSPmentor does not have a view into Alert Logic’s overall profitability metrics. Here’s some more background.

Alert Logic President and CEO Gray Hall attributes the company’s growth to two main factors.

  1. Demand for security and compliance solutions from the company’s cloud and hosting service provider channel programs

  2. A hot start for new partners, mainly SunGard Availability Services

“We believe this record sales quarter and accelerating growth validates our strategy,” Hall said in a prepared statement.

Alert Logic has made multiple moves in recent months. The company:

Still, it’s important to keep Alert Logic’s top-line revenue growth in perspective. The company’s net income and EBITDA (earnings before interest, taxes, depreciation and amortization) remain undisclosed. Alert Logic is privately held and does not need to disclose such figures.

Read more about:

AgentsMSPsVARs/SIs
Free Newsletters for the Channel
Register for Your Free Newsletter Now

You May Also Like