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Cato Networks Surges in 2017: Bookings Accelerate To 100% Growth, Quarter-Over-QuarterStrong fiscal growth, visionary innovation leads hundreds of companies to transform their networks with Cato's converged SD-WAN TEL AVIV, Israel, Jan. 30, 2018 /CNW/ -- Cato Networks, provider of Cato Cloud, the world's first secure, global SD-WAN as a service, reported today significantly increased sales velocity with sequential booking growth accelerating to 100 percent, quarter-over-quarter in 2017. Average deal size increased 400 percent. Hundreds of customers with thousands of branch locations across all verticals now rely on Cato Cloud to connect and secure their corporate networks. "This past year was an incredible success for the Cato team," says Shlomo Kramer, co-founder and CEO of Cato Networks. "We built an amazing, networking and security platform that's been endorsed by customers across the globe. Our expanded executive team and channel relationships set the stage for an even stronger 2018." Cato Cloud Increased Capabilities and Global Network Footprint Cato Cloud securely connects all enterprise locations, people, and physical and cloud datacenters into a global, encrypted and optimized SD-WAN in the cloud. During 2017, Cato enhanced Cato Cloud with:
Today, Cato Cloud has a larger network footprint than than any other global, cloud-based SD-WAN with 39 points-of-presence (PoPs) around the globe, including two locations in China, Beijing and Shanghai, and twice the number of PoPs in North America as its closest competitor. Cato Customers Publicly Endorse Cato Cato's strong fiscal and functional growth mirrored strong customer growth. Pet LoversCentre Pte Ltd, the leading Asian pet products and services retailer, runs more than 100 sites on Cato Cloud. "I would recommend Cato to a friend, and that's a big deal for me to say," says David Whye Tye Ng, CEO & Executive Director at Pet Lovers. With Cato Cloud, Fisher & Company, an automotive omponents manufacturer, reduced its annual networking spend by a third when switching from MPLS to Cato Cloud, and all without compromising VoIP quality or application responsiveness. "Users definitely feel it in their user experience. Things, like screen refreshes of our ERP system, seem to be a lot quicker with Cato," says Kevin McDaid, systems manager at Fisher. In addition, more than 30 customers attested to Cato's value and simplicity on the popular, G2 Crowd recommendations site:
Awards and Industry Acknowledgement Gartner and other leading industry influencers acknowledged the innovation and maturity of Cato Cloud in 2017. Cato earned numerous awards for its pioneering work in simplifying security and networking including:
Executive Team Expansion To support this incredible growth, Cato Networks expanded its executive team in 2017 with key sales and finance leadership positions:
Strong Channel Growth Cato grew its channel relationships in 2017, particularly in North America. Cato signed agreements with large distributors, master agents, and ISPs, such as Avant, CNSG, Macnica, Microcorp, and Viewqwest. The partnerships will allow agents, resellers, and ISPs to expand their service portfolio with the only cloud-based and secure, global SD-WAN service. They will be able to offer a highly differentiated service that helps customers increase agility, improve security posture, reduce costs, and support future growth. "From the very beginning, we argued that the cloud and the mobile workforce were not only changing the shape of business, but of the WAN itself. Traditional networks can't keep pace with these changes and IT pays the price in terms of spiraling complexity and cost," says Kramer, "What's needed is a simpler, inherently secure, network — not a more complex one. Our momentum is a clear testament to the accuracy of that vision." To learn more about Cato Cloud visit here. About Cato Networks
View original content with multimedia:http://www.prnewswire.com/news-releases/cato-networks-surges-in-2017-bookings-accelerate-to-100-growth-quarter-over-quarter-300590084.html SOURCE Cato Networks |