April 25, 2018 5:23 AM ET

Software

Company Overview of ForeScout Technologies, Inc.

Company Overview

ForeScout Technologies, Inc. provides network security products in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It offers ForeScout CounterACT agentless technology that discovers, classifies, and assesses IP-based devices; ForeScout extended modules, which represent integrations across vulnerability assessment, advanced threat detection, security incidence and event management, enterprise mobility management, endpoint protection and endpoint detection and response, next generation firewall, privileged access management, and IT systems management vendors, as well as compliance; and ForeScout CounterACT Enterprise Manager, a centralized security management soluti...

190 West Tasman Drive

San Jose, CA 95134

United States

Founded in 2000

813 Employees

Phone:

408-213-3191

Key Executives for ForeScout Technologies, Inc.

CEO, President & Director
Age: 52
Total Annual Compensation: $350.0K
Chief Financial Officer
Age: 51
Total Annual Compensation: $272.9K
Senior VP & Chief Strategy Officer
Age: 45
Total Annual Compensation: $320.0K
Senior VP, General Counsel, Corporate Secretary & Corporate Compliance Officer
Age: 47
Total Annual Compensation: $272.9K
Compensation as of Fiscal Year 2016.

ForeScout Technologies, Inc. Key Developments

ForeScout Technologies, Inc. Expands Device Visibility Platform to Secure the Extended Enterprise

ForeScout Technologies announced new foundational innovations in ForeScout CounterACT® 8 that raise the bar on device visibility and control to mitigate risk, reduce the attack surface and automate incident response across the extended enterprise network – from the campus to data center, cloud and critical infrastructure. The enhanced ForeScout device visibility platform adds increased scalability, cloud-based device intelligence, IoT device assessment and flexible centralized licensing to help enterprises see and control more than five billioni IP-connected devices, including traditional, mobile, virtual, IoT and operational technology (OT). In the last year, organizations have had to keep pace with the rapid growth of devices while managing security hygiene and compliance. Companies are discovering up to 60 percentii more devices on their network than previously known with an increasing majority that cannot support management and security agents. Threat actors have also begun to exploit the expanded attack surface represented by non-traditional IoT and OT devices as entry points into the enterprise. To solve these challenges, ForeScout has expanded its device visibility platform to deliver the following key features and benefits: Expanded device visibility: The platform now provides better insight into some of the fast growing enterprise devices, including industrial and critical infrastructure systems, IPv6 addressable devices and devices managed by cloud controllers such as Cisco Meraki. Increased device intelligence: Launched in July 2017, the ForeScout Device Cloud has grown to be one of the crowd-sourced device repositories in the world, now housing more than three million enterprise devices from more than 500 customers that share anonymized device insight. ForeScout’s platform uses the data to analyze device types and publish new and improved device profiles for better auto-classification. Additionally, ForeScout’s platform now includes a new IoT risk assessment capability that allows organizations to identify devices with default or weak credentials and automate policy actions to ensure compliance and mitigate risks. Lastly, the device visibility platform adds new passive-only discovery and profiling to provide organizations with real-time OT and industrial device inventory without introducing operational risk or impacting reliability. Improved scalability and deployment: Improved management scale from one million to two million devices per single deployment allows enterprises to keep pace with device growth. They can also optimize rack space and data center utilization by managing up to 20,000 devices on a single 1U appliance with full 10Gbps traffic monitoring. A new virtual deployment option includes KVM support, in addition to VMware and Hyper-V. The new auto IP-allocation feature allows customers to automate IP distribution and management across a multi-appliance cluster and reduce manual administrative tasks. Flexible purchasing and deployment options: New ForeScout Flexx licensing provides customers choice and simplifies portability and entitlement management by enabling them to purchase ForeScout’s CounterACT and Enterprise Manager platform as a centralized software license.

ForeScout Technologies, Inc. Announces Earnings Results for the Year 2017; Provides Earnings Guidance for the First Quarter and Full Year of 2018

ForeScout Technologies, Inc. announced earnings results for the year 2017. For the year, the company reported that under the legacy accounting had a $45 million non-GAAP operating loss. Under ASC 606, the full year non-GAAP operating loss decreased to $35 million, approximately reflecting an approximately 500 basis point improvement in non-GAAP operating margin from negative 20% to negative 15% due to the new standard. For the first quarter of 2018, the company expects total revenue to be in the range of $53.5 million to $56.5 million. Consistent with prior guidance, operating loss is expected to be in the range of $16.4 million to $15.6 million, and loss per share is expected to be in the range of $0.46 to $0.44 based on approximately 37.5 million shares outstanding. For the full year, the company expects total revenue to be in the range of $264 million to $274 million, representing growth of 20% at the midpoint. Operating loss improves at the midpoint by $2 million to be in the range of $41 million to $37 million and loss per share improves at the midpoint by $0.05 to be in the range of negative $1.16 to $1.08 based on approximately 38.2 million shares outstanding.

ForeScout Technologies, Inc., 2018 Guidance/Update Call, Mar 15, 2018

ForeScout Technologies, Inc., 2018 Guidance/Update Call, Mar 15, 2018

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