OpenVPN Accelerates Next-Gen VPN Innovation and Business Momentum.
OpenVPN Inc. | September 02, 2021
OpenVPN, a leading global private networking and cybersecurity company, announced that businesses are rapidly adopting the company’s next-generation virtual private network (VPN) solutions to adapt to the changes in work and adoption of cloud accelerated by the COVID-19 global pandemic. Over the past 18 months, the company, at times, experienced as much as 70 percent growth, which, according to market research firms’ projections, was four times faster than the expected market growth rates. Adoption of its OpenVPN Cloud solution is growing even faster at 50 percent quarterly growth in monthly recurring revenue (MRR) over the last quarter. This rapid customer growth comes as businesses shifted IT priorities during the COVID-19 pandemic to best support remote workforces and accelerate digital strategies for growth, as well as expanding investment in the cloud.
OpenVPN introduced its next-gen OpenVPN Cloud solution in May 2020 to help businesses of all sizes to quickly, easily, and cost-effectively connect private networks, devices, and servers to build a secure, virtualized modern network--without the need for complex and expensive proprietary hardware (routers, firewalls, and other traditional approaches). For organizations that use or plan to use Zero Trust Access (ZTA), Secure Access Service Edge (SASE) and Software Defined Networking (SDN), next-gen VPN is a critical layer that supports and accommodates these approaches. To support the adoption of its OpenVPN Cloud solution, the company continues to increase the number of worldwide PoPs. In addition, to support current and future growth, and add innovative and differentiating features, OpenVPN is aggressively hiring the best talent worldwide.
“Sophisticated threats, regionally and remotely distributed workforces, work from home, the growth of IoT, and the move to the cloud make the old, rigid ways of connecting and insulating your assets obsolete. The days of legacy VPN as purely remote access or site-to-site are gone. Modern network architecture requires room for contemporary approaches to sit on top of a private networking foundation,” said Francis Dinha, Co-founder and CEO, OpenVPN. “Our continued and rapid growth can be attributed to our ability to help organizations secure the business at scale while providing a seamless experience even as priorities change whether it’s a pandemic, rapid rollout of digital strategies or accelerated cloud journey.”
OpenVPN’s Growth Trajectory More Than 4x Market Projected Rate
OpenVPN counts tens of thousands of businesses as customers around the world. The VPN market is expected to reach between $107.6 billion (ResearchAndMarkets.com) and $120 billion (Global Market Insights) by 2027, which represents a CAGR of between 15% and 17.2%. OpenVPN grew by as much as 70% during the last 18 months, which is four times faster than the expected market growth rate. In addition, more than 97% of its customers renew or expand the number of VPN connections. OpenVPN Cloud surpassed millions of connection hours per week, which represents 50% growth each quarter and is the company’s fastest growing solution since being introduced last year. In addition Cloud Service Providers including Amazon Web Services (AWS), Microsoft Azure and Oracle Cloud use the open source or commercial offerings from OpenVPN to enable secure access to its cloud services.
OpenVPN Cloud - Redefining the Next Generation VPN for Modern Networks
OpenVPN Cloud takes the complexity and high cost out of building and managing a secure private network. It delivers to its customers an elegant cloud-based solution with an adaptive and dynamic platform that can easily grow as businesses grow, whether connecting on-premises or to the IaaS cloud, which has attracted more DevOps and IT operations teams. OpenVPN Cloud helps businesses quickly, easily, and cost-effectively connect private networks, devices, and servers to build a secure and virtualized modern network. To make this possible, OpenVPN has vertically integrated technologies from advanced IP routing and secure access, threat detection and prevention, and firewall into its virtualized, mesh-connected, high-speed network platform with worldwide PoPs. The company continues to deliver enhancements to the platform with additional capabilities, including domain routing, Cyber Shield (DNS-based content filtering), and unique resource publishing and sharing.
OpenVPN is a leading global private networking (VPN) and cybersecurity company that allows organizations to truly safeguard their assets in a dynamic, cost effective, and scalable way. Our cloud-based next-gen VPN platform allows businesses to quickly and easily connect private networks, devices, and servers to build a secure, virtualized modern network. OpenVPN is used by tens of thousands of businesses around the world.