Press release

JASK Company Growth Accelerates from Confluence of SIEM Market Forces

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JASK,
the provider of the industry’s first cloud-native SIEM platform, today
announced a record-breaking quarter (ending March 31, 2019). The company
realized year-over-year (YoY) growth in annual contract value of 210
percent and YoY growth in total contract value of 234 percent. JASK also
doubled employee headcount over the past year to nearly 100 employees,
in conjunction with establishing its headquarters in Austin, Texas.

“Our growth is due to a confluence of SIEM market forces creating a
significant refresh cycle and opening the doors for next-generation
companies like JASK to take on the market incumbents,” said Greg Martin,
JASK co-founder and CEO. “These include accelerating cloud adoption and
the need for hybrid cloud solutions, demand for automation to address
the talent shortage and a desire for predictable licensing pricing. This
plays right into JASK’s vision and position for continued growth and
disruption in the SIEM market. I’d like to thank the entire JASK team
for their hard work and commitment over the past year.”

JASK’s customer base increased by over 150 percent year-over-year. The
company is winning 70 percent of head-to-head sales campaigns against
on-premises, cloud-adapted SIEM competitors. In one case, an
international airline carrier chose JASK ASOC to replace its legacy SIEM
after an evaluation of Splunk ES. JASK’s ability to demonstrate
automation of level 1 and level 2 alerts, which provided immediate value
and allowed for optimization of its SOC analyst team, focused the team
on the threats that mattered most to their organization. Furthermore,
the customer also recognized JASK as delivering lower total cost of
ownership through its predictable licensing pricing.

Q1 2019 Highlights

Technology and Platform Innovation

  • Ahead of RSA Conference, JASK announced new dynamic multi-cloud
    visibility and workload monitoring     features that extend its
    leadership position as the market’s first cloud-native SIEM. The
    enhanced capabilities include advanced analytics expressly designed to
    process the constantly changing, high-volume data unique to AWS and
    Microsoft Azure cloud environments.
  • In February, JASK introduced new
    search and filtering capabilities     that combine natural language
    processing, point-and-click interfaces and SQL-like experiences into
    an intuitive experience through which analysts can build a query one
    word at a time. Once the analyst creates a query, they can easily edit
    it without having to re-create the full query, allowing for easy data
    pivoting.
  • JASK leverages a handful of open source tools to build the ASOC
    platform and is an active participant in the community. Led by UI
    engineer Austin McDaniel, the company released its data visualization
    framework as an open source project. Called reaviz
    – short for ReactJS Visualization library — it is a ReactJS component
    library that leverages D3.js to draw complicated data visualizations.

Channel and Alliances Expansion

  • In January, the company unveiled its enhanced JASK
    Momentum global partner program    , featuring resources and benefits
    unlike any other in the industry, offering unprecedented tools and
    protection for JASK partners. Designed to encourage more rapid
    expansion, the expanded program drove 45 new deal registrations in Q1.
    Now with 40 partners, the company projects more than 200 percent YoY
    growth in deal registrations. Overall, the channel drove two-thirds of
    JASK’s business in Q1 2019, which in turn fueled greater inbound
    interest from resellers wanting to partner with JASK.
  • CRN gave the JASK Momentum program a 5-Star
    rating     in its 2019 Partner Program Guide. This annual guide
    identifies the strongest and most successful partner programs in the
    channel today, offered by the top technology suppliers for IT products
    and services. The 5-Star rating recognizes an elite subset of
    companies that offer solution providers the best partnering elements
    in their channel programs.

Industry Leadership and Recognition

  • Last month, JASK announced the appointment of Kyle
    Derr     as chief architect. In this new position, Derr drives the
    architecture behind the JASK ASOC platform improving the overall
    customer design experience and company strategic roadmap. Derr joined
    JASK in early 2018 as a principal platform architect playing a key
    role in the early development of the cloud-native SIEM.
  • CB Insights named JASK to the third annual AI
    100     ranking, showcasing the 100 most promising private artificial
    intelligence companies in the world. The achievement recognizes JASK’s
    Adaptive Signal Clustering, which uses ensemble machine learning to
    normalize and cluster all attack data, alerts and anomalies into JASK
    Insights, automating repetitive tasks for SOC analysts.

About JASK
JASK is modernizing security operations by
delivering an advanced SIEM platform that provides better visibility,
better automation and a better architecture. Built on cloud-native
technologies, the JASK ASOC platform streamlines security analyst
workflows by automating many of the repetitive tasks that restrict
productivity, freeing them for higher-value roles like threat hunting
and vulnerability management, while addressing the escalating talent
shortage. www.jask.com