Qualys, the leading provider of on demand vulnerability management and policy compliance solutions, helps organizations of all sizes discover vulnerabilities, ensure regulatory compliance and prioritize remediation according to business risk — with no infrastructure to deploy or manage. QualysGuard, the company’s flagship service, conducts automated security audits and provides the quickest route to neutralize worms and other emerging threats.
Software as a Service (SaaS) continues to be a trend, as big domains get shifted over to the ASP model. Qualys is one such proponent of SaaS, following the footsteps of its larger and more successful brethren – Salesforce.com and Webex. Qualys counts amongst its customers DuPont, Hershey Foods, eBay, BASF, Hewlett-Packard, Standard Chartered Bank, and most recently, Microsoft, and has as an advisor Howard Schmidt, Former Special Adviser for Cyberspace Security, the White House.
The CEO, Philippe Courtout is a veteran captain of the software waters, having taken Verity (NASDAQ: VRTY) public in 1995, and having sold Signio to Verisign for $700 Million in 2000. Verity was the leader in enterprise search, and Signio’s technology today provides the plumbing for Verisign’s electronic payment system. Verisign handles about 30% of all internet transactions in the US, which amounts to roughly $100 Million per day. Pretty impressive background.
Once again, I would give an A+ to both the market opportunity and the leadership, and since the fish are eating the worms, looks like a good solution attacking a real problem!