Date: January 27, 2015
BitSight Technologies, the standard in Security Ratings, today announced 2014 to be a banner year for the company, as it gained significant traction in pioneering the use of Security Ratings in key business decisions, added marquee Fortune 500 customers and cemented key partnerships across all areas of its business.
Security Ratings are now essential for effective vendor risk management, security performance benchmarking, cyber insurance underwriting, mergers and acquisitions, and portfolio management.
Strategic Partnerships Validate Adoption in the Market
“BitSight made phenomenal progress in breaking new ground for the security ratings industry in 2014, and our successes are continuing into 2015,” said Shaun McConnon, CEO of BitSight. “Not only is this validation for our game-changing solution, but as regulators continue to raise the bar for organizations in terms of security performance, the need for Security Ratings becomes more critical across the business ecosystem. Security Ratings are helping to level the playing field for organizations who want to not just trust but actually verify, with evidence and data, the security practices of third parties and their own networks, and BitSight is pleased to be at the forefront of this movement.”
Strategic investments made in data quality, breadth and innovation
In the course of 2014, BitSight made acquisitions and partnerships to ensure its status as the principal global provider of high quality, accurate security ratings.
Product Innovation in ratings use, scale and accuracy
Throughout 2014, the company made several product-driven announcements, including:
Enterprise scale customer adoption of each use case, including 15 customers in the Fortune 500
To learn more about BitSight and its solutions, visit: http://www.bitsighttech.com/solutions/
About BitSight Technologies
BitSight Technologies is transforming how companies manage information security risk with objective, evidence-based security ratings. The company's Security Rating Platform continuously analyzes vast amounts of external data on security behaviors in order to help organizations manage third party risk, benchmark performance, and assess and negotiate cyber insurance premiums. Based in Cambridge, MA, BitSight is backed by Commonwealth Capital Ventures, Flybridge Capital Partners, Globespan Capital Partners, and Menlo Ventures. For more information, please visit www.bitsighttech.com or follow @BitSight on Twitter.