Kentik, the only SaaS-based network traffic intelligence company announced the company observed 11x growth in annual recurring revenue (ARR) in the last two years. The company attributes its continued momentum to cross-industry adoption of Kentik Detect®, its SaaS-based network analytics platform – which now ingests over 200 billion flow records daily – to provide enterprises and service providers with the most modern, scalable, and secure way to leverage network data for operations and business intelligence.
"Many businesses are pushing for digital transformation in the form of automation, multi-cloud deployments, IoT adoption, and software-defined-everything, to drive greater business agility and generate more revenue. Yet, those organizations realize that legacy tools used to monitor their underlying networks – which are the foundation of digital transformation – cannot keep pace with the sheer volume of data being generated from these new initiatives, nor can they provide the level of network visibility needed to track towards digital transformation goals," said Avi Freedman, co-founder and CEO of Kentik. "As a SaaS-based, modern approach for leveraging network data to provide real-time technical and business intelligence, Kentik has the network analytics solution that enterprises and service providers need and are using to drive their technical and business operations, and that's a big part of our continued growth."
In 2017, Kentik expanded its customer base in the U.S., Europe and Asia, with an increased adoption rate coming from service providers, financial, and media and entertainment companies. Kentik customers now include:
5 of the top-10 global ISPs
2 of the top-5 cloud providers
2 of the top-5 biggest hosting providers
1 of the top-5 biggest public cybersecurity vendors
1 of the top-3 world's largest travel companies
News of Kentik's growth falls on the heels of an announcement that the company added significant new capabilities to its network traffic intelligence platform in 2017, including application and cloud performance insights, CDN attribution, threat feeds, and a new user interface. The product developments provide greater context and ease-of-use for fast network insights, which is part of Kentik's mission to provide everyone – from network operators, to security teams, to IT managers and executives – with the means to extract useful intelligence from network traffic.
Kentik's customers also continue to see great success with their implementations. Through a TechValidate survey commissioned by Kentik in 2017, over 200 customers reported that by leveraging the Kentik Detect platform, they observe:
38% more network uptime
41% faster MTTR / MTTI
39% fewer SLA payouts
47% greater user experience
53% more DDoS attacks defended