Tuesday, January 15, 2013

Alert Logic Reports Growth, Hits $30.6M In Revenues

Privately held Alert Logic, which provides security software-as-a-service for web application developers, reported today that it had $30.6M in GAAP revenue for its fiscal year ended December 31, 2012. The revenues were a 43 percent increase over the same period in 2011, according to the company. In addition, the Houston-based company said its annualized revenue run rate in the fourth quarter was $37M. It's quite unusual for privately held companies to disclose their revenues. Alert Logic is venture backed.