Appgate has updated its Software-Defined Perimeter offering to extend frictionless protection to contractors, vendors and other trusted third parties with no clients or plug-ins required. The Miami-based secure access vendor also said it will deliver its Zero Trust Network Access tool as a service to U.S. government entities via Rackspace Government Cloud.
From a go-to-market perspective, Appgate hired Cisco Systems veteran Marc Inderhees to lead the strategy and execution of the company’s new MSP program, which offers technical training, enablement and dedicated technical support. Appgate today enjoys a market cap of $2.5 billion after increasing its stock price by 138 percent since the company went public in October 2021 through a merger with a publicly traded shell company.
Massive investments have fueled a 34 percent increase in year-over-year revenue for Appgate through the first nine months of 2021, with sales surging to $31.4 million. Appgate has also increased its head count by 32 percent over the past year to 408 people, with the most aggressive hiring occurring for the sales and business development teams.