Payne continued, “The cloud-based collaboration technologies our hybrid-remote workforces rely on to stay productive are the same technologies that make it easy to expose and exfiltrate data. Code42 expects many of these same elements to continue to contribute to its future growth. In 2021, it achieved major milestones during the year, including the launch of the Code42 ® Instructor ™ microlearning solution, innovative advancements to the Code42 ® Incydr ™ product, and new technology partnerships and integrations. Insider risk is not a new data security challenge, but since the beginning of the pandemic, it is a far more urgent one,” said Code42 president and CEO Joe Payne.Ĭode42 carried the triple-digit growth trend it saw in 2020 throughout 2021 and closed the year with strong tailwinds. In fact, employees are 85% more likely to leak source code, product plans and customer information than they were even two years ago. “Today, when an employee leaves your organization, there is a one-in-three chance that they will take IP with them. Code42 is arming organizations with the tools and education they need to make a fundamental shift in the ways company data is protected from theft and loss in today’s collaborative and remote work environment – this focus will continue to drive Code42’s growth in 2022. Code42 today announced it is beginning 2022 with continued strong momentum in its Insider Risk Management business, growing Annual Recurring Revenue more than 125% in 2021.
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