Qualys, Inc. reports developments in cloud-based IT, security and compliance solutions delivered through a subscription software platform. Company news commonly covers financial results and guidance, Enterprise TruRisk Management, product releases such as Agent Val and TruConfirm-enabled exploit validation, cyber risk management partnerships, customer adoption, partner-channel activity, share repurchase actions, and investor-conference participation.
Qualys, Inc. (NASDAQ: QLYS) announced an integration of its CloudView app into Armor Anywhere, enhancing cloud security and compliance solutions. This partnership allows clients to inventory and assess the security of public cloud services according to regulatory standards like NIST and FEDRAMP. The integration builds on existing collaboration, with Qualys Cloud Agents already embedded in Armor's platform. Armor's CEO stated that this will accelerate compliance outcomes, while Qualys' CEO emphasized improved visibility into public cloud services for effective risk management.
Qualys, Inc. (NASDAQ: QLYS) announced a collaboration with Google Cloud to integrate automated security scans for its Container Security solution with Google Cloud's Artifact Registry. This integration allows security and DevOps teams to assess container artifacts for vulnerabilities and misconfigurations across multiple regions. Customers can utilize the Qualys security posture API for automated security workflows in Google Cloud Build, enhancing their software delivery process. This partnership aims to improve security in DevOps pipelines by providing seamless container management and security features.
Qualys, a leader in cloud-based IT security, will engage with investors through one-on-one meetings at two upcoming conferences. CFO Joo Mi Kim and VP Vinayak Rao will participate in the Stifel's 2020 Virtual Midwest One-on-One Growth Conference on November 11, 2020, and the Nasdaq's 43rd Virtual Investor Conference on December 2, 2020, at 5:00 p.m. GMT. A live webcast will be available during the fireside chat on the Qualys investor relations page, with a replay following the event. Qualys serves over 15,700 customers worldwide, enhancing IT security and compliance solutions.
Qualys reported strong third-quarter results for 2020, with revenues rising 13% year-over-year to $93.1 million. The net income under GAAP was $22.7 million, or $0.56 per diluted share, reflecting an increase from $19.2 million in Q3 2019. Non-GAAP net income reached $31.4 million, or $0.77 per diluted share. The company's growth is driven by increased adoption of its VMDR application and Cloud Agent subscriptions, totaling approximately 50 million agents. Adjusted EBITDA rose 17% to $45.1 million, signifying robust operational efficiency as they prepare to launch new security solutions.
On November 4, 2020, Qualys (NASDAQ: QLYS) announced its new Container Runtime Security solution, enhancing security for containerized applications. This lightweight tool integrates into container images, offering policy-driven monitoring and blocking of runtime behaviors. Key features include critical file access monitoring, network micro-segmentation, and vulnerability mitigation without needing additional administration containers. The solution aims to streamline security across various platforms, including Docker and Kubernetes, enabling companies to maintain robust security measures throughout their development pipeline.
Qualys (NASDAQ: QLYS) announced an expansion of its integration with Microsoft Azure Arc, allowing customers to conduct vulnerability scanning on both on-premises and multi-cloud servers. By combining Qualys Vulnerability Management with Azure Defender, clients can now perform a one-click vulnerability assessment on non-Azure machines. This new built-in feature is available at no additional cost to Azure Defender for servers' customers. This collaboration aims to enhance security for hybrid cloud environments.
Qualys, Inc. (NASDAQ: QLYS) has announced its expansion into China by establishing a Private Cloud Platform in partnership with Digital China, the country's largest integrated IT service provider. This collaboration will allow Digital China to manage and resell Qualys' cloud-based IT, security, and compliance solutions. The Qualys Cloud Platform supports applications like VMDR, Multi-Vector EDR, and upcoming Security Analytics, enabling Chinese customers to enhance their security posture and respond to threats effectively. This move aims to broaden Qualys' global reach and solidify its presence in the Chinese market.
Qualys, Inc. (NASDAQ: QLYS) has announced it will report its third quarter 2020 financial results after market close on November 4, 2020. The company will hold a conference call at 5:00 p.m. ET to discuss the results. Qualys, a leader in cloud-based IT security and compliance solutions, serves over 15,700 customers globally, including a majority of the Forbes Global 100 and Fortune 100. The company aims to streamline security and compliance solutions for organizations, contributing to better business outcomes and cost efficiency.
Qualys, Inc. (NASDAQ: QLYS) announced that its VMDR® (Vulnerability Management, Detection and Response) will be integrated into Deloitte Canada's Cyber Risk Services. This partnership allows Deloitte clients to utilize the VMDR app for improved Vulnerability Threat Management (VTM), providing comprehensive visibility across IT environments. Deloitte plans to enhance its offerings with VMDR to help clients quickly identify, assess, prioritize, and remediate critical vulnerabilities. Qualys VMDR app is a cloud-based solution designed for efficient threat response and vulnerability management.
On Sept. 22, 2020, Qualys, Inc. (NASDAQ: QLYS) announced the launch of Qualys Multi-Vector EDR, a cloud-based Endpoint Detection and Response (EDR) solution. This innovative system aims to enhance security by integrating asset management, vulnerability risk management, and EDR through a unified platform. Key features include real-time endpoint discovery, prioritization of suspicious activities, and multi-tiered response capabilities. Qualys targets organizations prioritizing vulnerability management, with support for Linux set for November.