Securonix, Inc., a five time leader in the Gartner Magic Quadrant for SIEM and a Customers’ Choice in the 2024 Gartner Peer Insights ‘Voice of the Customer,’ announced that it experienced a significant surge in sales bookings growth in 2024, creating strong momentum for the business in 2025.

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Securonix achieved a 40% year-over-year increase in new annual recurring revenue (ARR) sales in fiscal 2024, and became the only SIEM solution provider to be named a Leader in the Gartner Magic Quadrant for SIEM and a Customers’ Choice in the 2024 Gartner Peer Insights ‘Voice of the Customer.’ This strong performance is evidence of the value Securonix’s customers see in its solutions and the company’s growing industry leadership.

“Securonix is a strategic long-term partner for us,” said Richard Henderson, Executive Director and Chief Information Security Officer at Alberta Health Services. “We’ve cut down on a huge number of false positives, resulting in massive time savings. We’ve saved hundreds of thousands of dollars in labor and reaped more value in the first 6 months with Securonix than we did in years with our previous solution. We value Securonix product innovations and the support of the entire Securonix team – what they’ve put together is extremely special, and I’m eager to see how they continue to innovate in 2025.”

Securonix’s growth rate reflects industry stability and the need for the next generation of SIEM solutions, with the market expected to reach $8.6 billion in 2025. Securonix continues to provide unparalleled support through its AI-reinforced CyberOps capabilities to customers of all sizes and across all industries, and includes Fortune 1000 enterprises, airlines, financial institutions, and healthcare providers.

“It was our honor to present Securonix with the 2024 Vendor of the Year award,” said Anderson Gontijo, Alliances and Products Director at ISH Technology, one of the largest Managed Security Service Providers in Latin America. “Securonix’s commitment to staying ahead of the most dangerous threats crosses borders. This award highlights Securonix’s growing leadership and commitment to empowering Managed Security Services organizations with cutting-edge cybersecurity solutions that allow security leaders to rest easy at night, knowing their security is in the best hands possible. We’re excited to see what Kash and his team have in store next, and look forward to continuing our partnership throughout another great year of momentum with Securonix.”

“As cyber threats become more sophisticated and are delivered at greater speed and scale than ever before, organizations demand a comprehensive, future-proof integrated SIEM, SOAR, UEBA, and Data Pipeline Management solution,” said Kash Shaikh, President and CEO of Securonix. “We are thrilled to report that we are achieving our mission, with above-market growth in new sales bookings and a positive reception from our Enterprise and Managed Security Service Provider customers. We have some of the world’s largest companies using our integrated platform at scale. We are also excited about the new innovations, such as Agentic AI capabilities and Data Pipeline Manager. ”

Kash added: “To support our growth trajectory and serve more customers, we are investing in growing in international markets, including Europe, Australia/New Zealand, Brazil, and Columbia.”

Key highlights from 2024 include:

  • Launching Data Pipeline Manager and Noise Cancelation as part of the next wave of AI-Reinforced capabilities.
  • Unveiling Securonix EON, a game-changing suite of capabilities that represents a paradigm shift in how organizations approach threat detection, investigation, and response.
  • Launching the Elevate Partner Program to bring AI-Reinforced CyberOps to solution and service providers.
  • Securonix earned ISH Technology’s 2024 Vendor of the Year Award, showcasing Securonix’s commitment to cutting-edge cybersecurity and superior customer service.
  • Named for the second time in a row a Customers’ Choice in the 2024 Gartner Peer Insights ‘Voice of the Customer’: SIEM
  • Named a Leader for the fifth consecutive time in the 2024 Gartner ® Magic Quadrant™ for SIEM.

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Source – Businesswire