Friday, February 28, 2020

Lookout records growth in enterprise customers for fiscal year ending Jan 31

KUALA LUMPUR, Feb 21 -- Mobile security leader Lookout Inc has announced a record fiscal year ended Jan 31, 2020, with growth in enterprise customers driven by strong demand for its Phishing, App Defence and Mobile Endpoint Security solutions.

According to a statement, all these are powered by the Lookout Security cloud, the world’s largest mobile dataset.

“Our growth across all customer segments resulted in a remarkable year for our business. In addition to strong customer growth, our low churn rate demonstrates that enterprises see us as their trusted, long-term partner in security,” said the chief executive officer of Lookout, Jim Dolce.

To meet the growing demand for mobile threat defence internationally, Lookout also significantly expanded its global footprint last year, moving its London office and Dutch European headquarters to larger locations and opening new offices in Italy and Sweden.

Meanwhile, in APAC, Lookout has added to its leadership ranks to further grow its presence in Australia and New Zealand, Japan and Singapore. Lookout App Defence also saw strong momentum in the financial services industry globally.

Expanded strategic partnerships and new product integrations with industry leaders including Google, Microsoft and VMware further demonstrated strong adoption of solutions for Post-Perimeter Security and the need to secure enterprises from the growing threats inherent in a mobile-first workforce.

Additional business highlights and industry recognition include the Lookout Security Cloud dataset which has reached over 100 million apps and 180 million devices analysed, launching a solution with Microsoft, and Lookout having been added to Google App Defence Alliance.

More details at www.lookout.com.

-- BERNAMA

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