#United States #Boston #Zilla Security #Identity Governance #AI Profiles

Zilla Security Achieves Record-Breaking Year in 2024

Zilla Security, a prominent name in the field of modern identity governance and administration (IGA), has recently announced remarkable accomplishments in 2024. The company experienced not only exceptional revenue growth but also groundbreaking innovations and the achievement of a globally expansive reach.

One of the pivotal moments in Zilla's 2024 journey was the appointment of Mark Jaffe as the new Chief Strategy and Marketing Officer. With over two decades of experience in cybersecurity, Jaffe's extensive knowledge is set to further enhance Zilla's strategic vision towards market leadership. Zilla's co-founder, Deepak Taneja, emphasized that the company is committed to redefining the IGA model to better address the complexities of modern enterprises.

Unprecedented Growth Highlights

Zilla's growth story is underscored by several key metrics:

• - Revenue Surge: Over the past two years, Zilla has recorded a phenomenal 373% increase in Annual Recurring Revenue (ARR), driven primarily by the growing demand for modern IGA solutions leading to heightened interest from large enterprises.
• - Customer Success: The company boasts an impressive 97% annualized gross customer revenue retention rate, reflecting the significant value its solutions provide.
• - Channel Partner Expansion: In the last six months, Zilla has achieved a remarkable 300% growth in sales opportunities via its channel partners, showcasing the effectiveness of partnership strategies.
• - AI Innovation: The launch of Zilla AI Profiles™ has empowered customers to automate pre-approval for 60-84% of entitlements, significantly alleviating the workload associated with provisioning and access reviews.

Strategic Leadership and Future Growth

Mark Jaffe expressed his enthusiasm for joining Zilla during a pivotal time. He highlighted that organizations are increasingly aware of the risks associated with identity management and are seeking modern IGA solutions to replace outdated legacy systems. Jaffe’s expertise in the field is expected to facilitate the company's growth trajectory while ensuring that identity teams can maximize the advantages offered by Zilla’s automation capabilities.

According to Taneja, Jaffe’s extensive background and proven success in the cybersecurity landscape will play a crucial role in accelerating Zilla's momentum and ensuring it continues to meet the high expectations of its customers.

Additionally, Zilla is in the midst of expanding its go-to-market strategies and engineering teams to support its ongoing growth and better serve its expanding client base.

Strengthening Partnerships

Furthermore, Zilla has strengthened its market presence by fostering key partnerships with renowned channel partners like Guidepoint Security, Alchemy Technology Group, and Optiv. This strategic approach has led to an impressive 300% year-over-year growth in subscription revenue sourced through these collaborations. As Garrett Long, VP of Channel and Business Development, noted, channel partners recognize the urgency for IGA solutions that can deliver quicker results than traditional systems.

Industry Recognition and Future Initiatives

Zilla's accomplishments have not gone unnoticed, as the company has gained industry accolades like being recognized as a High Performer by G2 and receiving a prestigious Gold Globee award for its leadership in the IGA sector. Additionally, Zilla has made its debut in Gartner's IGA Market Guide, solidifying its position as an industry frontrunner.

Discover how Zilla’s modern identity governance solutions can transform your business and ensure compliance. Visit www.zillasecurity.com or meet the Zilla team at the Gartner IAM Summit in Grapevine, Texas, from December 9-11 at booth 112.