Cato Networks, the leader in SASE, today announced strong 2023 business results including 59% revenue growth, the addition of more than 700 new enterprise customers, ongoing channel expansion, and continued innovation across Cato’s pioneering SASE platform.
“Nine years ago, we embarked on a mission to revolutionise the cybersecurity industry. Four years later, analysts coined what we had created as SASE and, today, we are the category leader,” said Shlomo Kramer, CEO and Co-Founder of Cato Networks. “But SASE is more than just a category; it’s a concept that is transforming how IT security is delivered. IT organisations globally, regardless of size, skills and resources recognise this, driving more and more to select Cato. The seamless, agile, and elegant experience our SASE platform creates empower every organisation with powerful threat prevention, data protection, and timely incident detection and response. Put very simply, enterprises turn Cato on, and it works.”
“Enterprises of all sizes replaced expensive legacy infrastructure and security products with Cato in 2023,” continued Kramer. “New and existing Cato customers swapped out some of the biggest names in IT and networking security during the year, replacing them with our simple to manage yet powerful cloud-native SASE platform. Both resulted in very strong increases in annual recurring revenue and growth, and we see massive opportunities ahead.”
Business Highlights
Grew GAAP* revenues 59% in 2023 compared to 2022, more than twice as fast as the 29% five-year CAGR forecast for the SASE market.
Scaled to more than 2 ..
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