February 23, 2017 4:34 AM ET

Software

Company Overview of Imperva, Inc.

Company Overview

Imperva, Inc. engages in the development, market, sale, and support of cyber security solutions that protect business critical data and applications in the cloud or on premises worldwide. The company’s SecureSphere product line provides database, file, and Web application security in various data centers, including on-premise data centers, as well as private, public, and hybrid cloud computing environments. Its SecureSphere service also secures business-critical applications and data; and provides an accelerated route to address regulatory compliance and establishes a repeatable process for data risk management. The company’s Incapsula service delivers cloud-based Website security, distribut...

3400 Bridge Parkway

Suite 200

Redwood Shores, CA 94065

United States

Founded in 2002

Phone:

650-345-9000

Fax:

650-345-9004

Key Executives for Imperva, Inc.

Chairman of the Board, Chief Executive Officer and President
Age: 55
Total Annual Compensation: $375.0K
Co-Founder, Chief Technology Officer and Chief Technology Officer of Imperva LTD
Age: 46
Total Annual Compensation: $177.1K
Chief Financial Officer and Treasurer
Age: 52
Total Annual Compensation: $294.0K
Senior Vice President and General Manager of The Enterprise Solutions Group
Age: 42
Total Annual Compensation: $288.1K
Senior Vice President of Professional & Customer Services and Gm of Incapsula
Age: 52
Total Annual Compensation: $258.0K
Compensation as of Fiscal Year 2015.

Imperva, Inc. Key Developments

Imperva, Inc. Announces Resignation of Mark Kraynak as Senior Vice President and General Manager of Enterprise Solutions, Effective March 31, 2017

On February 15, 2017, Mark Kraynak, the Senior Vice President and General Manager of Enterprise Solutions for Imperva, Inc. announced that he is resigning from the company effective March 31, 2017.

Imperva Detects and Protects against Ransomware with the Introduction of SecureSphere v12

Imperva, Inc. announced the release of Imperva SecureSphere File Firewall v12 with real-time deception technology designed to detect ransomware and to prevent it from encrypting enterprise data. The Imperva deception technology adds decoy files to network file shares, luring hackers to strike there first so they can be neutralized before encrypting critical data. Additionally, the availability of ransomware-as-a-service combined with high profits for the attackers means ransomware attacks are likely to escalate in 2017. Imperva SecureSphere File Firewall uses real-time monitoring to constantly watch file access activity and provides an audit trail showing who, what, when, where and how data was accessed. The solution also incorporates deception-based technology to identify and quarantine users infected with ransomware. This is designed to isolate the ransomware, preventing it from accessing other network file servers while also allowing users who are not infected to continue to access the file share. Once ransomware behavior is detected, SecureSphere policies quarantine the infected system and block it from accessing enterprise file servers. It also alerts administrators so that infected systems can be remediated.

Imperva, Inc. Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended Dec. 31, 2016; Provides Earnings Guidance for the First Quarter and Full Year 2017

Imperva, Inc. announced unaudited consolidated earnings results for fourth quarter and full year ended Dec. 31, 2016. For the quarter, the company reported total net revenue of $78,402,000, loss from operations of $9,265,000, loss before provision for income taxes of $9,291,000, net loss of $9,818,000 or net loss per share of common stock stockholders, basic and diluted of $0.3, compared to the total net revenue of $72,714,000, loss from operations of $5,657,000, loss before provision for income taxes of $5,846,000, net loss of $5,781,000 or net loss per share of common stock stockholders, basic and diluted of $0.18, for the same quarter a year ago. Capital expenditure was $2.8 million. For the year, the company reported total net revenue of $264,455,000, loss from operations of $69,030,000, loss before provision for income taxes of $69,107,000, net loss of $70,279,000 or net loss per share of common stock stockholders, basic and diluted of $2.18, net cash provided by operating activities of $22,494,000 compared to the total net revenue of $234,298,000, loss from operations of $47,798,000, loss before provision for income taxes of $48,200,000, net loss of $48,882,000 or net loss per share of common stock stockholders, basic and diluted of $1.64, net cash provided by operating activities of $23,867,000 for the previous year. The company expects total revenue for the first quarter of 2017 to be in the range of $67.0 million to $69.0 million. The company expects in the first quarter of 2017 non-GAAP gross margins of approximately 80%. Further, it expects in the first quarter of 2017 non-GAAP operating loss to be in the range of $0.5 million to $1.9 million and non-GAAP net loss to be in the range of $0.7 million to $2.1 million. The company expects total revenue for 2017 to be in the range of $316.0 million to $319.0 million. The company expects 2017 non-GAAP gross margins of approximately 80%. Further, the company expects 2017 non-GAAP operating income to be in the range of $17.8 million to $19.2 million and non-GAAP net income to be in the range of $11.2 million to $12.2 million, or $0.31 to $0.34 per share. Capital expenditures for the full year to be in the range of $15.0 million to $20.0 million and expects to generate positive cash flows from operations in 2017. The company expects to generate positive free cash flow for the year.

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