Keeper Security looks back growth & innovation in 2023

Keeper Security, a frontrunner in the field of zero-trust and zero-knowledge cybersecurity software, has revealed the 2023 Keeper Retrospective. This comprehensive review outlines its key achievements, business growth, product advancements, and crucial industry research taken during the year.

The cybersecurity provider has shown remarkable growth, primarily driven by its business and enterprise solutions. "Our professional passion and dedication to identifying the critical unmet needs of our global market catalysed our innovation and rapid time-to-market", said Darren Guccione, CEO and Co-founder of Keeper Security. The year also saw the launch of their Asia-Pacific headquarters in Tokyo, Japan, marking a significant operational achievement as the company added over 40 new channel partners in the region.

Keeper Security's CTO and Co-founder, Craig Lurey stated their commitment to delivering top-notch cybersecurity solutions that balance superior security features with user-friendliness. This approach was further reaffirmed with the announcement of their KeeperPAM platform, which provides enterprise-wide, privileged access management for perimeterless and cloud-based environments.

The year 2023 saw the macro expansion of Keeper Security into international markets. Understanding the surge in consumer technology growth and the need for fortified cybersecurity strategies in the Asia-Pacific region, Keeper established its headquarters in Tokyo to cater to East Asia, Australia, and New Zealand.

A significant minority investment completed by global growth equity firm Summit Partners further stimulated Keeper's product innovation and strategic expansion, reinforcing its prominence in the public and private sectors. Simultaneously, their innovation shone through the official launch of KeeperPAM, an advanced Privileged Access Management (PAM) solution designed for modern, multi-cloud IT environments, and distributed remote workforces. KeeperPAM delivers enterprise-grade password, secrets, and privileged connection management within a unified SaaS platform that enables least-privilege access with zero-trust and zero-knowledge security.

Keeper Security enhanced its product offerings by announcing passkey support for its browser extensions for Chrome, Firefox, Edge, Brave, and Safari, as well as on iOS. The company also undertook significant User Interface (UI) updates to improve the user experience and offer clearer distinctions between elements for enhanced clarity and ease of searching.

Throughout the year, Keeper collaborated with industry analysts and third-party research firms to gain insight into password and privileged access management. Their report revealed that most global respondents use weak or repeat variations of passwords and admitted to feeling overwhelmed by the action required to improve their cybersecurity. Another study highlighted the need for increased awareness and education on digital safety among parents.

An industry-wide demand was observed for PAM solutions that were simpler to deploy and maintain. As revealed in a survey by Keeper, the majority of IT leaders considered PAM solutions essential to their security stack; however, cost constraints and complex solutions have negatively impacted their deployment.

Lastly, a report by Keeper explored the benefits of transitioning from traditional, on-premises platforms to cloud-based PAM solutions, with an overwhelming majority of respondents agreeing that they would be better off moving their on-premises PAM solution to the cloud.

As the company moves into 2024, it recognises 2023 as a year of research, innovation, and industry recognition, marked by significant growth and a continuous pursuit of excellence. With a commitment to delivering unparalleled cybersecurity solutions globally, the possibilities for 2024 remain promising.