Large enterprise deployments, exponential growth, and
$1B valuation underscore strong
adoption of Cato's groundbreaking SASE platform
TEL AVIV, Israel, Feb. 23, 2021 /PRNewswire/ -- Cato
Networks, the provider of the world's first SASE
platform, reported today its incredible 2020 financial results that
saw bookings grow by over 200% for the fourth consecutive year, the
signing of multiple Fortune 500 organizations and 1,000+ site
deployments. Cato's business momentum drove an additional
$207 million investment across two
financing rounds and more than a $1B
valuation. 800 enterprises with 9000 locations and 200,000 remote
users rely on Cato SASE Cloud every day.
"SASE has become the de facto standard for building the secure
network of the digital business. Cato strongly benefitted from this
trend that accelerated due to the global pandemic," says
Shlomo Kramer, CEO and co-founder of
Cato Networks. "The most demanding enterprises adopted Cato SASE
for its simplicity, agility, and scalability, that is unmatched by
legacy architectures."
Large Enterprises Embrace Cato's SASE Platform
During 2020, large enterprises moved from telco- and MSP-managed
network solutions to Cato SASE Cloud. Large enterprise wins during
2020 included a:
- Fortune 500 Grocery Chain that replaced its MPLS
service connecting 500+ stores with Cato. The company leveraged
Cato's global private backbone, IPS and NextGen Anti-Malware
security services, and Hands-Free Management service.
- Major Car Rental Company that turned to Cato to connect
and secure its 1,000+ locations. The company leveraged Cato's
private backbone to avoid the cost of MPLS and Cato's security
services to avoid the performance penalty of backhauling traffic
for inspection and purchasing new branch firewall appliances.
- Global Automotive Parts Manufacturer with 40,000
employees was spun out from its publicly traded parent company,
providing the IT team with the unique opportunity to build a
modern, global enterprise network from a clean slate. After
evaluating a wide range of architectures and technologies, the team
selected and gradually deployed Cato SASE as the secure network
platform for the business.
- Leading Construction Company that connected its 1,200+
locations with Cato's global private backbone replacing legacy
connectivity solution. The company is also securing those sites
with Cato IPS and Cato NextGen Anti-Malware, and relying on Cato's
Hands-Free Management service for easy administration.
2020: The Year of the Cloud-Scale SASE Architecture
Cato's 2020 results demonstrated the importance of a global,
cloud-scale architecture. Cato saw remote and mobile usage grow by
500%, serving more than 200,000 remote users as organizations
shifted to work-from-home (WFH). With industry-leading global cloud
footprint spanning more than 60 locations (growing by eight new
locations in 2020), the Cato global network allowed customers to
instantly connect and secure remote users everywhere.
"Within 30 minutes, we had 1,200 users configured with Cato SDP
clients," says Edo Nakdimon, senior IT Manager at Geosyntec
Consultants, an environmental engineering firm. By contrast, most
IT organizations had to invest heavily in updating legacy VPN
infrastructure and still spend weeks and months transitioning to a
remote workforce.
Cato launched many new SASE capabilities at Cloud
Speed
Cato added 136 features and 2725 enhancements to its global
infrastructure during 2020. New capabilities provided customers
with increased connectivity options, greater automation, and
improved security efficiency and protection. More specifically:
- The Cato Cloud API enabled enterprises and MSPs to
automate Cato provisioning and monitoring from SIEMs and other
third-party platforms
- Clientless Remote Access extended Cato's SDP offering,
allowing enterprises to connect remote users with and without
deploying end-point software.
- IPS False Positive Elimination was made possible by
Cato's deployment of the first purpose-built reputation assessment
system combining threat intelligence and real-time network
information. The result: the practical elimination of
false-positive alerts, which have long crippled IPS solutions.
- Support for 2 Gbps tunnels into the SASE service with
full decryption and all security services active. This single
tunnel capacity exceeds all competitive SASE offerings for
locations and end users.
Cato SASE Ignites the Channel with 240% Channel-led Booking
Growth
During 2020, Cato saw the number of channel partners grow by
255%, with new channel-led customer bookings growing by 240%. To
support its strategic channel expansion, Cato appointed
Anthony D'Angelo as vice president
of global channel sales and business development.
"We chose to partner with Cato because they have a solution that
has executed really well and is priced cost-effectively," says
Mathew Toth, founder of C3
Technology Advisors. "They really look out for the success of our
organization and our customers."
Cato continued to invest in its partner community in 2020 with
numerous programs and improvements such as our SASE technical
support accreditation with new online courses. Cato's partner
portal's strong adoption continued in 2020 with 630 new
certifications attained by our partners.
To learn more about how Cato can help you, visit
https://www.catonetworks.com
About Cato Networks
Cato is the world's first SASE platform,
converging SD-WAN, network security, and Zero Trust
Network Access (ZTNA) into a global, cloud-native service. Cato
optimizes and secures application access for all users and
locations. Using Cato Cloud,
customers easily migrate from MPLS to SD-WAN, optimize connectivity
to on-premises and cloud applications, enable secure branch
Internet access everywhere, seamlessly integrate cloud datacenters
into the network, and connect mobile users with Cato SDP client and
clientless access options. With Cato, the network, and your
business, are ready for whatever's next.
Contact:
Dave Greenfield
Director, Technology Evangelism
press@catonetworks.com