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Lastline's Market Momentum Dramatically Accelerates During Q2 2017Lastline, Inc., the leader in advanced network-based malware protection, announced today explosive growth and market momentum throughout the first half of the year. In Q2 alone, the company saw its highest ever quarterly sales performance, signed partnerships with IBM (News - Alert) and Forcepoint, completed a $28.5M Series C round of fundraising, and announced Lastline Breach Defender™, which provides unparalleled insight into network breaches. The company's 50 percent year-over-year employee headcount growth further underlines the expansion across business activities as it positions itself for sustained and rapid growth. The company's record financial results are attributed to success across a range of go-to-market channels including OEM and MSSP relationships, and direct enterprise sales fueled by a growing market awareness and demand for the unique capabilities and benefits that the company's technology offers. "Our achievements throughout the first half of the year reflect the market's increasing understanding of how Lastline uniquely can demonstrate success in detecting network breaches where other technologies have failed," commented Lastline CEO and co-founder, Dr. Chris Kruegel. "Cybercriminals continue to improve their ability to bypass existing security technologies with sophisticated malware-based attacks. We know malware better than anyone, and our solutions bring that expertise to bear to prevent costly and damaging data breaches." In the first half of 2017, Lastline:
Lastline is widely acknowledged as providing the industry's most effective advanced malware and breach protection solutions. NSS Labs' 2016 Breach Detection Systems Test recognized Lastline as the only breach detection offering they have ever tested to achieve 100-percent detection effectiveness with zero false positives. And The Forrester (News - Alert) Wave™: Automated Malware Analysis Q2 Report identifies Lastline as the strongest current offering on the market. About Lastline Enterprise security professionals use Lastline to defend their organizations against advanced malware-based attacks that result in damaging and costly data breaches. Our solutions deliver the visibility, context and integration security teams need to rapidly detect and respond to network breaches. Guided by a dynamic blueprint of the breach unfolding within their organization, our customers achieve exceptional enterprise security using fewer resources and at a low total cost of ownership. Lastline solutions are sold directly, through an extensive channel of global partners, and are integrated into the solutions of leading security technology vendors worldwide. Lastline is privately held with headquarters in Silicon Valley. www.lastline.com
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