#Israel #Tel Aviv #Cato Networks #SASE Cloud #Shlomo Kramer

Cato Networks Hits Milestone with Record Growth

Cato Networks, a prominent player in the Secure Access Service Edge (SASE) market, has recently unveiled impressive financial results for 2024, showcasing a remarkable growth trend. The company's Annual Recurring Revenue (ARR) has soared by 46%, exceeding $250 million, driven by a surge in the adoption of its innovative SASE Cloud Platform by over 3,000 businesses globally. This growth signifies a pivotal shift in how enterprises connect and secure their operations in today's digital landscape.

Transforming Business Security

Shlomo Kramer, Co-Founder and CEO of Cato Networks, attributed this substantial growth to the ongoing transformation within the security landscape. "The market has spoken, and the era of cobbled-together security solutions is over," he stated. This statement reflects the growing recognition among organizations of the need for a consolidated, robust security infrastructure that combines networking and security capabilities seamlessly. In contrast to traditional methods, which often involve ad-hoc solutions, Cato Networks is at the forefront of redefining security operations with its unified platform.

Key Developments in 2024

In 2024, Cato Networks has undertaken significant expansions to its SASE Cloud Platform. Key releases have included:

• - Cato XDR and Cato EPP in January,
• - Cato MSASE in June,
• - Cato DEM in October,
• - Cato IoT/OT Security in December.

These innovations not only enhance Cato Networks' offerings but also underline the company's commitment to providing sophisticated solutions in an ever-evolving technological environment.

Furthermore, Cato Networks has achieved notable recognition in the industry. The company was named a Leader in the 2024 Gartner Magic Quadrant for Single-Vendor SASE, confirming its status as a key contributor in the realm of enterprise security. Additionally, Cato Networks made its debut on the 2024 Forbes Cloud 100 list, underscoring its standing among the top private cloud-based companies.

Strategic Leadership and Expansion

To bolster its strategic direction, Cato Networks expanded its Board of Directors with two respected industry figures: Eyal Waldman, chairman of Waldo Holdings, and Gili Iohan, general partner at ION Crossover Partners. This enhancement in leadership is expected to guide Cato Networks in navigating the future of cybersecurity and enterprise networking effectively.

Kramer also received the accolade of Security Executive of the Year by SC Media in 2024, further establishing his leadership role in advancing cybersecurity solutions. Cato's recognition on the Fortune Cyber 60 list for the second year in a row highlights its innovative approach to providing enterprise-grade cybersecurity solutions that effectively safeguard digital operations.

Expansion of Operations

Cato Networks is also on a growth trajectory regarding its physical presence. The company has opened a new global headquarters in Tel Aviv, which will serve as a hub for its ongoing initiatives. Additionally, a new research and development center was inaugurated in Prague, signaling Cato Networks' commitment to continuous innovation and improvement in its product offerings.

Conclusion

Cato Networks' impressive performance in 2024 is a testament to the shift toward integrated security solutions in the era of digital transformation. With its continued investment in cutting-edge technologies and customer-focused strategies, Cato Networks is positioned to redefine how organizations manage and secure their networks, ensuring a safer, more efficient future for enterprises worldwide. As the industry evolves, Cato Networks remains at the forefront, demonstrating the immense potential for growth and innovation within the SASE sector. Organizations looking to modernize their security infrastructure are increasingly turning to Cato Networks as a trusted partner in this journey.