Zscaler Grows New Sales by 93 Percent in its Fourth Fiscal Quarter
San Jose, California, September 3, 2014
Zscaler, the Internet security company, today announced record-breaking growth for its fourth fiscal quarter and full fiscal year, both ended July 31. New sales in the fourth fiscal quarter increased by 93 percent over the same period in FY 2013, and total sales, channel sales, customer retention and customer adoption of new products and services also rose to all-time highs.
The broad and strategic nature of Zscaler’s cloud-based Internet security platform led to record adoption by large enterprises and governments worldwide. The company closed ten subscriptions valued at more than $1 million each, and the largest subscription valued at more than $4 million set a new high water mark for a single transaction.
Existing clients expressed extreme satisfaction with Zscaler by renewing their subscriptions and adding new modules at record levels, leading to a 142% dollar renewal rate for the full fiscal year.
“The world of IT security has undergone tremendous transformation, sparked by the consumerization of the enterprise, mobility, the adoption of cloud computing and the ever-increasing threat landscape,” said Jay Chaudhry, CEO of Zscaler. “These trends are driving a shift away from traditional hardware appliance-based security and accelerating the adoption of our cloud-based Internet security platform.”
Zscaler’s rapid growth is being driven by two major industry trends—the shift from on-premise hardware appliances and software to Security-as-a-Service, and the transition from point security solutions to broad unified security and compliance platforms. As compared with traditional hardware appliance-based approaches to Internet security, Zscaler’s cloud-based platform delivers better security, better administrator and end-user productivity and better economics.
Zscaler’s success has been recognized throughout the industry and the company has accumulated a growing list of accolades. In Q4 alone, the company was named to the JMP Securities list of “Hot 100” privately held companies, was recognized by CRN as a 2014 Emerging Vendor and was positioned as a “leader” in the Gartner Magic Quadrant for Secure Web Gateways for the fourth consecutive year.