Security News > 2021 > April > Venafi surpasses $100M in annual recurring revenue

Venafi is uniquely positioned to capitalize on the rapid growth of machine identity management within security markets, and to that end, the company has appointed Sandeep Singh Kohli as chief marketing officer.

"We invented machine identity management, and the market is growing incredibly fast," said Jeff Hudson, CEO of Venafi.

"Machines use identities to gain access just like humans use identities."

At Venafi, Kohli will lead all global marketing initiatives, with a special focus appealing to the growing demand for automated machine identity management solutions that increase collaboration between developers and InfoSec teams.

A majority of Venafi's rapid growth in 2020 was driven by delivering solutions that offer frictionless machine identity management for developers.

Venafi also doubled the number of projects participating in the Machine Identity Management Development Fund and launched the Indie Developers Program to expand the pace of machine identity management innovation.

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