Frost & Sullivan Names AppOmni Company of the Year for Global SaaS Security Posture Management

AppOmni, the market leader in SaaS Security Posture Management (SSPM) and pioneer of the SaaS security space, today announced it has been honored with this year’s Best Practices ‘Company of the Year’ Award for global SaaS Security Posture Management (SSPM) industry leadership by analyst firm Frost & Sullivan.

In a special report, among many advanced features and benefits, Frost & Sullivan calls attention to AppOmni's agentless SSPM platform, which leverages APIs to gain visibility into SaaS applications. This novel approach, it states, ensures scalability, identity governance, and control, going beyond traditional perimeters. Additionally, AppOmni enables customers to establish rules for data access, sharing, and third-party applications, offering unparalleled SSPM capabilities, including identifying misconfiguration risks and providing guided remediation steps upon detecting cybersecurity risks.

David Frigstad, Chairman of Frost & Sullivan, expressed his enthusiasm for recognizing AppOmni: "Frost & Sullivan is proud to present AppOmni with this year’s Award. This recognition signifies an even greater accomplishment as AppOmni consolidates its leadership position through innovation and growth in response to the dynamic cybersecurity landscape, creating new products, solutions, and services that meet ever-evolving customer needs."

Mr. Frigstad continued: “AppOmni's SSPM offering tackles critical cybersecurity issues associated with SaaS, such as misconfigurations, data breaches, and identity and account theft. The platform's comprehensive approach to security aligns with industry best practices, making it a standout solution for enterprises globally.”

“We are honored to receive this recognition from Frost & Sullivan,” stated Brendan O'Connor, CEO and co-founder of AppOmni. “It validates our commitment to providing a new and much deeper level of visibility and threat detection — far beyond traditional CASBs — ensuring our customers have the most advanced protection possible. With the AppOmni platform, our customers are driving a paradigm shift in how organizations can secure SaaS ecosystems in a rapidly evolving digital landscape.”

Leadership Focus and Implementation of Best Practices

AppOmni's leadership focus is evident in its clear vision for comprehensive and consistent coverage for all SaaS applications and users. The company's unique SSPM offering bridges crucial security gaps, addressing SaaS security issues and outpacing competitors with patented technology and strategic partnerships.

The report emphasizes AppOmni's financial performance and stability, noting its triple-digit annual recurring revenue (ARR) growth for the past three years, backed by strategic funding rounds totaling over $70 million in 2022. As a channel-first company, AppOmni has successfully expanded its partner program globally, achieving significant growth in North America, EMEA, and Asia-Pacific.

Customer-Centric Approach and Exceptional Results

AppOmni's commitment to a positive customer experience is evident in its INFINITY Partner Program, providing top-notch support through global partnerships. The company's revamped pricing tiers cater to organizations of all sizes, offering flexibility and a complimentary risk assessment to support informed purchasing decisions.

In 2022, AppOmni protected over 80 million users and secured more than 260 million exposed data records. The company's value proposition is further highlighted by a remarkable 90% customer retention rate, showcasing its ability to establish trusting relationships and loyalty within the global SSPM market.

Conclusion

Visionary innovation, a comprehensive SSPM offering, outstanding customer impact, commitment to customer service, rapid growth, and a significant market share have all played a role for AppOmni in earning this Frost & Sullivan's 2023 Global Company of the Year Award.

For more information about AppOmni and its award-winning SSPM solutions, visit AppOmni's Website.