Actusnews Wire - Professional broadcaster of corporate and regulated information, authorised by the AMF and the CSSF.

  WALLIX company press release from 16/02/2018

  16/02/2018 - 15:15

OUTSTANDING ACCELERATION IN GROWTH IN 2017


Paris, 15 February 2018

  • MARKED INCREASE IN ANNUAL TURNOVER: +57%
  • 28 NEW CONTRACTS WORTH OVER €100 THOUSAND, INCLUDING 2 WORTH OVER €1 MILLION
  • A FAST-EXPANDING POTENTIAL MARKET DRIVEN BY DIGITAL AND REGULATORY DEVELOPMENTS

WALLIX GROUP, a software company providing cyber security and governance solutions for information systems access, has published its turnover for 2017 (for the year ended 31 December 2017).

Audited figures (in € thousand) 2015 2016 2017
Consolidated turnover 5,295 7,364 11,545
Growth +33% +39% +57%

 

WALLIX GROUP enjoyed an outstanding acceleration in growth in 2017, posting annual turnover of €11,545 thousand, up 57% like-for-like. As cyber security becomes an increasingly critical concern, WALLIX GROUP has managed to harness the technological prowess of its WAB Suite offer to increase its share of a high-growth market.

2017 ACTIVITY

In € thousand 2016 2017 Change
Software 6,997 11,135 +59%
Licenses 4,879 7,937 +63%
Maintenance 2,118 3,197 +51%
Other 367 410 +12%

 

Driven by the winning of large contracts with multinational companies in the sectors of Banking Finance, Industry, Defense and Distribution, license sales contributed significantly to the Group's solid performance, up 63% to €7,937 thousand. The successful launch of new modules and notably the offer of password vault and password management has allowed WALLIX GROUP to be ranked as a PAM leader in the Product and Innovation categories in the KuppingerCole 2017 Leadership Compass report[1].

This positioning has also allowed WALLIX GROUP's to multiply commercial success, particularly amongst major corporate accounts. In 2017, it won 28 new contracts, each worth over €100 thousand, versus 13 new contracts in 2016. For the first time, the Group also won two contracts worth over €1 million.

Maintenance contributed €3,197 thousand to business, and the Group now boasts a significant installed park.

Other Managed services generated turnover of €410 thousand during the period.

Business in France was up 63% to €8,589 thousand. Business outside France recorded growth of 42% and represented 26% of Group turnover for 2017. 

INCREASE IN GROSS CASH

WALLIX's gross cash position stood at €6,979 thousand at 31 December 2017, up €1 million for the year. This increase reflects a sound management of the Group's operating cash flow and the implementation of an interest-free innovation loan of €850 thousand from Bpifrance.

ANOTHER YEAR OF HYPER-GROWTH EXPECTED IN 2018

WALLIX GROUP began the 2017 period with deferred revenue (orders billed but not yet recognized in turnover) of €5,645 thousand for the year, up 85% compared with 2016. Based on this performance coupled with a very promising market, the Group anticipates another year of outstanding like-for-like growth in 2018. 

The Group will be able to drive its sales strategy by drawing on its WAB Suite offer, as well as the latest additions to its new compliance offers. These include the WALLIX Discovery tool for identifying vulnerabilities linked to privileged accounts, which was presented at the International Cybersecurity Forum 2018 (FIC), and the SOS RGPD offer developed by WALLIX and its Hexatrust partners to ensure organizational compliance with the General Data Protection Regulation (GDPR). Under this new regulation, thousands of companies operating within the European Union will be required to ramp up their personal data management practices by 25 May 2018. The transposition of the NIS Directive, which sets out the creation of OESs[2], will be another powerful growth driver for WALLIX GROUP in 2018 and beyond in Every European country. Indeed, the identification and management of privileged accounts are an integral part of IT architectures.

Jean-Noël de Galzain, Chairman of the WALLIX GROUP Management Board, said: “Thanks to the technological development of our offer and its unique capacity to provide simple and rapid solutions to managing passwords and the risks linked to privileged accounts for companies, WALLIX GROUP enjoyed numerous commercial successes in 2017 in a buoyant market. With digital transition and regulatory changes in 2018 linked to data protection (GDPR), the critical infrastructures of Operators of Essential Services and the NIS Directive, businesses in Europe will invest massively in digital risk management in the years to come. Today, WALLIX ranks as the benchmark solution for Operators of Essential Services and Operators of Vital Importance for which secure access to sensitive and privileged accounts is crucial. WALLIX intends to broaden its operations and distribution network on key IT markets, while developing our portfolio of solutions to build an alternative European offer for the protection of the assets and sensitive data of businesses in a digital world where personal data protection is no longer an option.”

Next publication: 2017 yearly results on 28 March 2018

ABOUT WALLIX

A software company providing cyber security solutions, WALLIX Group is the European specialist in privileged account governance.
In response to recent regulatory change (NIS/GDPR in Europe and OVIs in France) and the cyber security threats affecting all companies today, the WALLIX ADMINBASTION Suite (or WAB Suite) helps users protect their critical IT assets: data, servers, terminals and connected objects. WALLIX Bastion is the first market solution to have been awarded first-level security certification (CSPN) by France's National Cybersecurity Agency (ANSSI) and thus meet all of the criteria for regulatory compliance.
WALLIX accompanies more than 400 companies and organizations on a day-to-day basis, securing the access to more than 100,000 hardware and software resources. Its solutions are marketed through a network of more than 90 resellers and trained and accredited integrators. Listed on Euronext under the code ALLIX, WALLIX Group is a leader on the PAM market with a strong presence throughout Europe and EMEA. Alain Afflelou, Dassault Aviation, Gulf Air, Maroc Telecom, McDonald's, Michelin, and PSA Peugeot-Citroën trust WALLIX to secure their information systems.
WALLIX AdminBastion Suite was a winner at the 2016 Computing Security Awards and has been rated Best Buy by SC Magazine. The company is a member of BPI Excellence, a champion of the Pôle Systematic Paris Region cluster and a founding member of the Hexatrust grouping of cyber security companies.
For more information, visit the CEA website at: www.cea.fr

 
ACTUS finance & communication:
Natacha Morandi - Investor Relations
Tel. +33 (0)1 53 67 36 94 / wallix@actus.fr
 
 
ACTUS finance & communication:
Nicolas Bouchez - Financial Press Relations
Tel. +33 (0)1 53 67 36 74 / nbouchez@actus.fr

[1] ITEANU law office, EGERIE et CONSCIO TECHNOLOGIES

[2] Operators of Essential Services are defined as any public or private entity providing a service that is essential for the maintenance of critical societal and/or economic activities - EU Directive 2016/1148.