GlobeNewswire Inc | Feb 22, 2021 06:00AM EST

February 22, 2021

Finishes FY20 with double-digit year-over-year ARR growth and ~70% recurring revenue; key platform wins across government, financial services, healthcare and manufacturing; research and innovation leadership

Closes over 300 new logo wins during pandemic

Company extends management team with networking and security veteran Kevin OLeary joining as Chief Product Officer, Brett Kelsey to lead Professional Services and Rob Amezcua to lead Americas Enterprise Sales

SAN JOSE, Calif., Feb. 22, 2021 (GLOBE NEWSWIRE) -- Forescout Technologies, Inc.,the leader in Enterprise of Things security, todayprovided key milestone updates since the companys privatization in August 2020.

-- For the financial year ending December 2020, Forescout added over 300 new customer logos. -- Forescout continues to remain an industry-leader in Net-Promoter Scores (NPS) for both new customers and its install base. Customer success remains a key company focus. -- The company ended FY20 with double-digit year-over-year ARR growth and ~70% recurring revenue, both strong validators of mission-critical capabilities being delivered to the most important organizations around the globe. -- In October 2020, the company was selected as the key component of the DoDs broad Comply to Connect program which will drive adoption of Forescout pervasively within the Department of Defense, a landmark win in our industry. -- Forescout Research Labs announced the discovery of major vulnerabilities in widely used TCP/IP stacks, which serve as the foundational connectivity components of millions of traditional and IoT devices. Forescout continues its commitment to innovation. -- Forescout is committed to open integration with important vendors in the security ecosystem. Recent examples include: In November 2020, the company announced that it advanced its leadership in industrial IoT and operational technology (OT) through industry leading partnerships and integrations with Splunk, CrowdStrike and CyberArk to bridge security gaps and strengthen the cyber-physical risk posture across the entire network.Earlier this year, Forescout announced an expanded partnership with Arista Networks to accelerate Zero Trust segmentation.

-- While streamlining the business for future growth, investment in R&D continues. Forescouts cloud-based device segmentation solution gained momentum in the companys customer base and also attracted net-new logos.

Over the last six months, Forescout has built a strong leadership team and has attracted leaders from a diverse set of organizations to galvanize the company for future growth. Today, the company announced that Kevin OLeary will join Forescout as its Chief Product Officer. OLeary is a career product and engineering leader, having led significant development efforts at ABB and Symantec. Most recently, he served as vice president of Broadcoms network security group where he was responsible for all aspects of product management, product strategy and development. The company also announced that Brett Kelsey has joined Forescout to lead Professional Services and Rob Amezcua has joined to lead Americas Enterprise Sales. Prior to joining Forescout, Brett and Rob held senior services and sales roles at Optiv and Broadcom, respectively. These appointments further strengthen Forescouts management team.

Since Advent International and Crosspoint Capital Partners took the company private six months ago, we have been purposeful in investing in the talent, organizational structure and processes to build upon Forescouts leading market position and continue to drive innovation and growth, said Bryan Taylor, head of Advents technology investment team and a Managing Partner in Palo Alto. Im thrilled with the progress we have made over a very short period, and Im excited about the validation of the companys direction that weve seen through customer feedback and wins.

About ForescoutForescout Technologies, Inc. actively defends the Enterprise of Things by identifying, segmenting and enforcing compliance of every connected thing. Fortune 1000 companies trust Forescout as it provides the most widely deployed, enterprise-class platform at scale acrossIT,IoTandOTmanaged and unmanaged devices. Forescout arms customers with more device intelligence than any other company in the world, allowing organizations across every industry to accurately classify risk, detect anomalies and quickly remediate cyberthreats without disruption of critical business assets. Dont just see it. Secure it.

The Enterprise of Things Secured. Learn more atwww.forescout.com.

2021 Forescout Technologies, Inc. All rights reserved. Forescout Technologies, Inc. is a Delaware corporation. A list of our trademarks and patents can be found at https://www.forescout.com/company/legal/intellectual-property-patents-trademarks. Other brands, products, or service names may be trademarks or service marks of their respective owners.

Media Relations ContactKatie BeckForescout Technologies, Inc.katie.beck@forescout.com