Saltworks Records 70% Revenue and 23% Employee Growth in 2020; Adds Customers, Partners, SaltMiner Features Amidst Pandemic
- Wall St. opens flat as earnings roll in; jobless claims fall
- Credit Suisse (CS) Falls 6% on 'Unacceptable Loss' as Exposure to Archegos Grew to More Than $20 Billion, Set to Raise Over $2 Billion to Support Liquidity
- U.S. weekly jobless claims fall to new one-year low
- Cathie Wood's ARK Buys Over 5M Shares of Skillz (SKLZ), Nearly 3M Shares of IPO UiPath (PATH)
- Chipotle Mexican Grill (CMG) Tops Q1 Profit Views, Analysts Maintain Bullishness For 2021
Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.
Increased demand for hybrid development teams, innovative AppSec solutions drive expansion
ATLANTA--(BUSINESS WIRE)-- Saltworks, an application security company building world-class AppSec programs from policy to production, released 2020 momentum details that include a 70 percent year over year revenue increase, with 15 percent happening amidst the global pandemic, as well as a 23 percent increase in employees. In the same time period, Saltworks doubled customer volume (since 2018) and forged new partnerships that support application security programs for companies in energy, financial services and insurance, healthcare and pharmaceuticals, technology services, and retail.
Saltworks also highlighted enhanced features of SaltMiner, its enterprise application security management solution that provides visibility into app health, risk and compliance throughout the development lifecycle. SaltMiner is the first true enterprise application security management solution and data warehouse that combines security test data from anywhere and simultaneously serves as a result reporting repository.
Saltworks Gains Momentum Amidst Global Pandemic
“Although COVID-19 expedited application security transitions for companies, especially as the need for hybrid remote teams grew quickly, Saltworks had been seeing a steady increase in demand since early 2019,” said Dennis Hurst, founder and president of Saltworks. “In 2021, Saltworks will continue to expand software development staff and AppSec engineers, strategic partnerships and SaltMiner capabilities to exceed application lifecycle needs worldwide.”
“As closely aligned partners since 2016, Orasi and Saltworks have seen companies increase emphasis on application security as part of DevOps, while continuing to shift security practices left and empower teams to be more proactive and agile,” said Nick Kavadellas, president and CEO of Orasi. “SaltMiner has been an integral part of how Orasi accelerates the delivery of quality, secure enterprise and mobile applications that drive software development across every industry.”
Complementary to Saltworks’ relationship with customers is an advancing technology partner program that includes companies like Sonatype and Micro Focus, as well as joint venture company Orasi, and others. In select engagements, Saltworks collaborates with partners to build progressive application security programs for global enterprises.
For more information on Saltworks, its customers and partners, or SaltMiner, visit https://www.saltworks.io/.
Saltworks is an application security company that partners with organizations to build world-class AppSec programs from policy to production. Founded on the premise that application security is mandatory, must be agile and can’t slow the software lifecycle, Saltworks provides comprehensive, data-driven security testing tools to help protect every stage of application development.
Jessica Ann Morris
Public Relations for Saltworks
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Henry Schein CEO Stanley M. Bergman Submits Letter to Congressional Subcommittee Supporting Expanded COVID Vaccine Distribution
- Griffin Capital and Legacy Partners Sell 261-Unit Transit-Oriented Multifamily Community ‘MODA at Monrovia Station’ for $100 Million
- Gallagher Announces Global Distribution Agreement with Invixium
Create E-mail Alert Related CategoriesBusiness Wire, Press Releases
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!