Rapidly expanding demand in key regions driving need for global expansion of cloud offerings
WASHINGTON, March 10, 2020 /PRNewswire/ -- Thycotic, provider of privileged access management (PAM) solutions to more than 10,000 organizations, including 25 of the Fortune 100, today announced the availability of its cloud-native PAM solutions delivered via its new local data center in Canada.
Thycotic is experiencing explosive growth in its cloud business, with 405 percent growth in 2019 driven by 350+ new cloud customers. The demand for cloud-based PAM solutions delivered via regional data centers is being driven in part by the need to meet regulatory compliance requirements for locally hosted data. For example, Canadian customers often require that Canadian and provincial "in-country only" privacy laws for data security are strictly followed. The new Canadian data center will meet rapidly growing demand for PAM solutions in this key region.
"We continue to see strong demand and rapid adoption of cloud-based security solutions," said Jai Dargan, VP of Product Management at Thycotic. "We are committed to empowering companies in all geographies with comprehensive, cloud-based privilege security and helping them minimize costs and management time. These new data centers demonstrate that commitment."
Thycotic's cloud-based solutions are delivered on Microsoft Azure Cloud Services for maximum security, availability and redundancy. The Canadian data center joins existing data centers in the U.S., Europe, Singapore, and Australia.
Organizations can evaluate the latest version of Thycotic's PAM solutions, available both on-premise and in the cloud, with a free 30-day trial, please visit www.thycotic.com for more information.
Thycotic is the leading provider of cloud-ready privilege management solutions. Thycotic's security tools empower over 10,000 organizations, from small businesses to the Fortune 500, to limit privileged account risk, implement least privilege policies, control applications, and demonstrate compliance. Thycotic makes enterprise-level privilege management accessible for everyone by eliminating dependency on overly complex security tools and prioritizing productivity, flexibility and control. Headquartered in Washington, DC, Thycotic operates worldwide with offices in the UK and Australia.
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