Delinea Poised to Disrupt Identity Security in 2024 After Achieving Key ARR Milestone, Debut of the Delinea Platform, and Strategic Acquisitions
SAN FRANCISCO, March 7, 2024 /PRNewswire/ -- Delinea, a leading provider of solutions that seamlessly extend Privileged Access Management (PAM), today announced the close of its 2023 fiscal year, surpassing a key annual recurring revenue (ARR) milestone of $300 million and achieving a 'Rule of 40' profile. The company also grew recurring revenue to greater than 85% of total revenue.
- Delinea accomplished a notable innovation milestone in 2023 by debuting the Delinea Platform , a cloud-native foundation for Delinea's industry-recognized PAM solutions that empowers end-to-end visibility, dynamic privilege controls, and adaptive security.
- Delinea has quickly accelerated its momentum in 2024, announcing two strategic acquisitions to start the year.
- "2023 was a year of significant growth for Delinea, exemplified by achieving a key ARR milestone and 'Rule of 40' profile," said Art Gilliland, CEO at Delinea.
- "We are steadfast on continuing to disrupt identity security this year; our acquisitions of Authomize and Fastpath are just the beginning."