Clearswift Reports a Year of Significant Growth Achievement

Theale (UK), 11th February 2019. Following the acquisition by RUAG in January 2017, Clearswift today revealed record-breaking financial results for the December 2018 financial year-end. The company reported Annual Recurring Revenues of £25m and EBITDA margins of 30%. This was further underpinned by a 10% increase in Bookings (Order Intake) over the same period.

Clearswift has reported consistently increasing ARR levels, fuelled by profitable growth in core products, which has seen an impressive 11% CAGR over the past 3 years. This has been a direct result of accelerated sales of its multi-award-winning data loss prevention suite which is recognized on the Gartner Magic Quadrant for Enterprise Data Loss Prevention (DLP), The Forrester Wave for DLP and other trusted analyst technology quadrants.  With reported data breaches hitting an all-time high in 2018, and data protection regulations being reinforced, Clearswift has bolstered its position as a trusted advisor and supplier of market-leading solutions to prevent advanced cyber threats and protect critical information as it flows through today’s key digital business collaboration channels.

Heath Davies said “I’m absolutely delighted with our results. The substantial investments we are making internally to enhance and augment our talent pool has enabled us to provide our customers with superior solutions that assist in the protection of their most sensitive information from today’s cyber threats.”

Over 70% of Clearswift Customers are critical national infrastructure organizations, including defense conglomerates and government agencies, all of which require the most demanding of cyber security solutions.

Davies stated, “The development of our technology suite is driven by client demand.  We work closely with our clients around the globe to understand their business challenges, keep abreast of the evolving threatscape they face, as well as legislative changes they need to comply with.”

 

About Clearswift

Clearswift’s content-aware, policy based solutions enables defense, government, healthcare and financial services organizations across the globe to manage and maintain no-compromise data, email, cloud and web security.

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