NEW YORK, Oct. 27, 2017 (GLOBE NEWSWIRE) -- ForeScout Technologies, Inc. (Nasdaq:FSCT), a leading Internet of Things (IoT) security company, rang the opening bell at the Nasdaq MarketSite in Times Square today in celebration of its initial public offering (IPO) on The Nasdaq Stock Market.
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ForeScout Technologies has pioneered an agentless approach to network security to protect organizations against the emerging threats that exploit the billions of devices connected to organizations’ networks. Over the past ten years, ForeScout has developed proprietary agentless technology that discovers and classifies IP-based devices in real time as they connect to the network and continuously monitors and assesses their security posture. Their solution supports heterogeneous wired and wireless networks, as well as both virtual and cloud infrastructures, while scaling to meet the needs of globally distributed organizations.
“We believe visibility is the next big thing in cybersecurity as with the proliferation of IoT, each new device that comes online represents another attack vector for enterprises to defend against,” said Michael DeCesare, CEO and President, ForeScout. “You can’t secure what you can’t see, and ForeScout’s customers have reported seeing up to 60% more devices on their networks than previously known. Today is day one for us as a Nasdaq-listed publicly-traded company, and we’re excited about our current and future opportunity.”
“The threat landscape is rapidly evolving and attackers are taking advantage of the visibility gap brought on by the millions of connected devices,” said Nelson Griggs, President of the Nasdaq Stock Exchange. “ForeScout is a natural disruptor and paving the way with its agentless approach to help enterprises embrace the latest IoT devices that will shape the future of their respective industries. We are proud to welcome ForeScout to Nasdaq’s family of the world’s most innovative companies.”
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