[February 15, 2018] |
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Exostar Closes Another Record-Breaking Year
Exostar,
whose cloud-based solutions help companies in aerospace and defense
(A&D), life sciences, and healthcare collaborate securely with their
partners, today announced year-end results that reflect the company's
continued success in 2017. Among the highlights:
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New Records - Exostar reached new heights in revenue, headcount, and
dedication to corporate social responsibility and employee
volunteerism.
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Ongoing Financial Stability - The company extended its streak of
profitable quarters to 32.
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Internal Expansion - As part of its 13% growth in staff, Exostar hired
key personnel - including Dipto Chakravarty as CTO - to position the
company for the future. Exostar also expanded its headquarters by an
additional 5,000 square feet of office space.
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Customer Community Growth - Exostar's A&D, life sciences, and
healthcare communities continued to grow. In A&D, nearly 7,000
organizations now use Exostar's risk management solution to
demonstrate their cybersecurity maturity or compliance with the NIST
800-171 standard. In life sciences, 5 of the tp 10 pharmaceutical
customers rely on Exostar, spanning over 150,000 individuals
collaborating on new drug development and clinical trials. In
healthcare, Exostar integrates with nearly 20 health IT vendors,
supporting the compliant creation of almost 1 million electronic
prescriptions for controlled substances per month.
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Innovative New Solutions - In 2017, Exostar made an unprecedented
investment in research and development. The company launched a
customer identity and access management platform, which one of the
world's leading manufacturers of commercial jetliners is using to
support over 1500 of its aviation customers (comprising nearly 75,000
individuals) across the globe. Exostar also introduced a vendor
qualification management solution and a mobile-based multifactor
authentication solution, while expanding its secure supply chain
management suite to deliver digitalization across the multi-tier
supplier network.
"Digital business models offer great promise and potential, and they are
fundamentally changing the way organizations operate internally, with
their partners, and with their customers," said Richard Addi, Exostar's
President and CEO. "While its advantages are clear and compelling,
digitalization also puts a premium on performance, collaboration, and
security. Our solutions address these requirements head-on, which drove
our success in 2017 and fuels our optimism for even better results in
2018 and beyond."
About Exostar
Exostar, named a Cool Vendor for 2016 by Gartner (News - Alert), offers cloud-based
solutions that help companies in highly-regulated industries mitigate
risk and solve identity and access challenges. Nearly 150,000
organizations leverage Exostar to help them collaborate securely,
efficiently, and compliantly with their partners and suppliers. By
offering connect-once, single sign-on access, Exostar strengthens
security, reduces expenditures, and raises productivity so customers can
better meet contractual, regulatory, and time-to-market objectives. www.exostar.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180215005781/en/
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