DENVER--(BUSINESS WIRE)--Swimlane today shared details of its record growth as demand for its low-code security automation platform surges. With a 700% growth rate from 2017-2021, Swimlane is the fastest growing security orchestration, automation and response (SOAR) company, protecting nearly $1 trillion in annual revenue amongst the top 25 enterprise customers using its low-code security automation platform.
“Swimlane has been executing on all fronts and we are well-positioned for accelerated growth into 2022,” commented James Brear, CEO of Swimlane. “With every company transforming into a technology company, we are seeing an ever-increasing number of targeted cybersecurity attacks against enterprises causing a sharp uptick in security alerts and security alert fatigue—a reality compounded by the industry’s existing and ever-growing skilled labor shortage.”
Brear added, “Swimlane’s ability to fill that market void through the development and implementation of low-code security automation has enabled organizations to secure their operations much easier within the constraints of the current climate.”
Accelerated Go-To-Market and Competitive Displacements
Swimlane has upended the market through multiple seven-figure competitive wins that include major players on Wall Street and in the financial services industry more broadly. Notably, one Fortune 300 financial services company engaged in a rip-and-replace of a long-standing market leader’s comparable offering.
Fueling go-to-market growth and an increase in competitive wins, the company hired Jim Pickering as SVP of worldwide sales, bringing world-class sales leadership proven at Fortinet, InfoBlox and Juniper Networks.
SOAR Customer Validation
Swimlane became the #1 reviewed SOAR platform on Gartner Peer Insights in the last 12 months with a 4.8-out-of-5 star overall rating, with one reviewer, a VP of Enterprise Managed Services for a $1-3B firm, proclaiming Swimlane "As Close To Skynet As It Comes."
"Swimlane is the best SOAR platform on the market," said a Senior Managed Security Service Account Manager for a $1-3B services firm.
Driving Partnerships & Technology Integrations
To further support accelerated growth, the company brought on a world-class partner and business development leader in Mike Kay. Under Mike’s stewardship, Swimlane launched the Medley Partner Program spanning integration and alliance partners, channel partners, and advisory alliances with more than 1,800 integration endpoints.
This is supported through many technology alliances including Elastic and Recorded Future, value-added reseller and solutions providers including Optiv, GuidePoint and iSOC24; and the world’s largest global systems integrators.
New Low-Code Product Features & Services
“Swimlane Has Given our SecOps Team an Unprecedented Boost in Efficiency and Effectiveness,” said a Security Services Consultant for a $1-3B firm.
Swimlane’s product leadership in the low-code security automation market was demonstrated by the recent launch of Swimlane Cloud. The SaaS offering provides a new way for security teams to implement the industry’s most-capable security automation platform, harnessing the knowledge of the entire security organization and centralizing operational data as a system of record.
Driving product innovation and partnering closely with Swimlane CTO Chris Stimmel, the company added Donald Hasson as SVP of Product, bringing in proven SaaS product experience and leadership from BeyondTrust and Honeywell Defense and Space.
About Swimlane
Swimlane is the leader in cloud-scale, low-code security automation. Supporting use cases beyond SOAR, Swimlane improves the ease with which security teams can overcome process and data fatigue, as well as chronic staffing shortages. Swimlane unlocks the potential of automation beyond the SOC by delivering a low-code platform that serves as the system of record for the entire security organization and enables anyone within the organization to contribute their knowledge and expertise to the protection of the organization. For more information, visit swimlane.com.
