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Nasdaq Welcomes ForeScout Technologies, Inc. (Nasdaq: FSCT) to The Nasdaq Stock Market


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.”

The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Information about the company is provided by the company or comes from the company’s public filings and is not independently verified by Nasdaq. Neither Nasdaq nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

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Media Relations Contact:
Stephanie Lowenthal
(646) 441-5073
Emily Pan
(646) 441-5120


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