[December 13, 2017]

iboss Achieves 50% Growth in 2017 Annual Customer Value Bookings

iboss, provider of the leading web gateway as a service, a cloud-based cybersecurity solution, announced today that it increased annual customer value bookings by 50% in 2017. Closing the year, iboss has achieved its 11^th straight quarter of double digit GAAP revenue growth.

iboss demonstrated consistent and rapid growth in customer value and revenue in 2017 powered by the Distributed Gateway (News - Alert) Platform, the industry's only web gateway as a service specifically designed to solve the challenge of securing distributed organizations. Supported by over 100 patents and patents pending, iboss is enabling large organizations to deliver web gateway functionality and advanced threat protection directly to all devices and users.

To support this rapid growth, iboss expanded significantly in 2017, including establishing a new corporate headquarters in Boston and a new customer service and network engineering base in Orlando.Throughout the year, iboss' global employee headcount grew 78% and hiring is expected to continue in 2018 across all departments and locations.

In addition to the growth in customer booking value, revenue, and employee headcount, iboss achieved several other milestones in 2017:

• Introduced the Distributed Gateway Platform, the first 100% subscription-based web gateway as a service that has redefined the way cybersecurity should be delivered and managed.
• Enhanced the Distributed Gateway Platform with new Mobile Device Management (MDM) and Data Loss Prevention (DLP) capabilities.
• Announced one of the world's largest financial services firms was deploying the Distributed Gateway Platform worldwide to protect over 50,000 devices.
• In addition, iboss was named the only visionary in the Gartner (News - Alert) Magic Quadrant for Secure Web Gateways, the industry's leading analyst report.

"2017 was a monumental year for iboss -- we saw over a decade of product development pay off with skyrocketing growth, a new home in Boston, new customers, and many new members of the iboss team," said Paul Martini, iboss CEO and co-founder. "Looking ahead to 2018, expect more great things from iboss as we continue to redefine the way cybersecurity is delivered and managed."

About iboss
iboss has created the first and only web gateway subscription service specifically designed to solve the challenge of securing distributed organizations. Built for the cloud, the iboss Distributed Gateway Platform leverages an elastic, cloud-based architecture that provides advanced security for today's decentralized organizations with more financial predictability. Backed by more than 100 patents and patents pending, and protecting over 4,000 organizations worldwide, iboss is one of the fastest growing cybersecurity companies in the world. To learn more, visit www.iboss.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20171213005193/en/

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