June 7 , 2016 , Theale, UK – Clearswift, a global cybersecurity innovator, recognized in the 2016 Gartner Magic Quadrant for Enterprise Data Loss Prevention, announced a game-changing FY16;
- Bookings up 12% to £24.7m
- EBITDA @ 27% of revenue up 20% to £5.8m
- Substantial growth in the next generation ARgon family of products at £1.4m total bookings, up 82% year-on-year
- Operating Cash Flow at 104%
- 95% Recurring Revenue
- 100% Net Retention
During FY16 Clearswift continued to demonstrate its ability to be a growing, cash generative and highly profitable global software company with strong levels of recurring revenue and market leading retention rates, resulting in highly predictable and increasing revenue performance. Overall, Clearswift has shown growth in the global marketplace with over two-thirds of bookings coming from Mainland Europe, North America, and Asia Pacific supported by a loyal customer base signing up for longer-term deals across the globe and within all vertical sectors. Clearswift has cemented itself as a prominent player in the DLP market.
Heath Davies, Chief Executive commented, ‘FY16 was another record year for Clearswift, with all key measures improving year on year. Now, with a refreshed, new technology platform, a highly focused and growing reseller community and a fully deployed world-class operating infrastructure, we are poised for an excellent FY17.’
Martin Leuw, Chairman added, ‘Since the acquisition of Clearswift by Lyceum Capital in November 2011 there has been substantial investment in upgrading our technology in pursuit of the Company’s vision. Clearswift can now demonstrably offer its clients the highest levels of DLP to help safeguard their most critical information’.
Clearswift is trusted by organizations globally to protect their critical information, giving them the freedom to securely collaborate and drive business growth. Our unique technology supports a straightforward and ‘adaptive’ data loss prevention solution, avoiding the risk of business interruption and enabling organizations to have 100% visibility of their critical information 100% of the time.
As a global organization, Clearswift is headquartered in the United Kingdom, with offices in the United States, Germany, Australia and Japan and an extensive partner network across the globe.
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