Doubling of revenue and customer base in 2017 propels global expansion
BELLEVUE, Wash., January 29, 2018 – Auth0, a global leader in Identity-as-a-Service (IDaaS), today announced record growth in 2017. The company marked another consecutive year of impressive milestones, most notably, increasing its customer base and revenue by more than 100 percent. Auth0 also named company co-founder Eugenio Pace as its new chief executive officer in December, and Monica Enand, CEO of Zapproved, Inc., as the new chair of its Board of Directors.
Gartner estimates that the worldwide identity and access management (IAM), IDaaS, and user authentication market will reach $3.4 billion by 2020.¹
As the market continues on an upward trajectory, Auth0 is prepared to help companies with any identity and access management needs with its fully customizable, secure, and easy-to-implement platform. Continued innovations to the platform and a focus on scalability added more than 1,500 new customers to the company’s roster in 2017 alone.
“Auth0’s global expansion is a true indication of the growing need and increasing demand for end-to-end identity management,” said Eugenio Pace, CEO and co-founder. “I credit the hard work of our entire team for a banner year in 2017. We are dedicated to continued product innovation and customer success, and are looking forward to another year of tremendous growth.”
In order to support doubling its customer base, which spans every industry from more than 70 countries, Auth0 expanded its global presence with additional offices in London, Sydney, and Tokyo. More than 140 new employees were hired last year, in addition to bolstering its leadership team with key appointments.
Auth0, a global leader in Identity-as-a-Service (IDaaS), provides thousands of customers in every market sector with the only identity solution they need for their web, mobile, IoT, and internal applications. Its extensible platform seamlessly authenticates and secures more than 2.5 billion logins per month, making it loved by developers and trusted by global enterprises. The company's U.S. headquarters in Bellevue, WA, and additional offices in Buenos Aires, London, Tokyo, and Sydney, support its global customers that are located in 70+ countries.
1: Gartner Press Release, “Gartner Forecasts Worldwide Cloud-Based Security Services to Grow 21 Percent in 2017,” 13 June 2017. https://www.gartner.com/newsroom/id/3744617