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The Lockdown

Thycotic’s Cyber Security Blog

Strong Customer Adoption Propels Another Record-Breaking Quarter for Thycotic


Written by Kali Linette

July 11th, 2019

WASHINGTON, D.C., July 11, 2019 — Thycotic, provider of privileged access management (PAM) solutions to 10,000 organizations worldwide, including 15 percent of the Fortune 1000, today announced that it has ended Q2 of 2019 with a remarkable 485 percent year-over-year growth for its cloud solution sales. The surge in cloud adoption resulted from excellent customer satisfaction and cross-industry recognition, as well as Thycotic’s award-winning Secret Server Cloud and the release of its Privilege Manager Cloud solution.

“We are very proud of our not just sustained, but continuous success in offering the PAM industry’s leading cloud solution,” said Jim Legg, President and CEO at Thycotic. “We recognize the global shift to cloud and the growing need for cloud-based security. Thycotic takes pride in providing innovative PAM solutions, but also ones that are easy to use, deploy and manage. We appreciate the trust that we have built with customers in delivering the PAM solutions to protect their organization’s most critical assets.”

In addition to Thycotic’s success in cloud-based PAM, the company has also seen ongoing success in its year-over-year sales in Q2 of 2019.

Additional highlights in Q2 2019 from the company include: