Aryaka closes fiscal year 2024 with strong results

Growth driven by Unified SASE as a Service, major customer acquisitions and key management appointments

SANTA CLARA, California., July 16, 2024 /PRNewswire/ — Aryaka^®leader and first to deliver Unified SASE as a Service, today announced fiscal year 2024 (July-June) results, a breakthrough year for the company, highlighted by a 34% year-over-year increase in new bookings and an 80% increase in bookings for security products, as well as the addition of dozens of new enterprise customers. This strong performance reflects the growing industry demand for secure and agile networking solutions, which Aryaka continues to meet through its innovative offerings, such as Unified SASE as a Service and the Aryaka AI>Perform GenAI network acceleration solution. Building on this foundation, the addition of CEO Shailesh Shukla and other key leadership appointments this year have played a key role in helping Aryaka’s vision become a reality and successfully execute it.

“Between new offerings, customer acquisitions and leadership appointments with a proven track record of success, 2024 was a transformative year for Aryaka. However, we have only scratched the surface of what’s possible,” said Shukla. “We differentiated ourselves in the market with our Unified SASE as a Service offering and are fully committed to continuing to deliver unmatched network, security and observation services to our customers. The recent launch of Aryaka AI>Perform is an example of our leading innovation that will enable customers to maximize the benefits of AI as they begin integrating AI and GenAI applications into their global enterprises. With additional pillars of our AI>Initiative set to launch later this year, as well as more enhancements and functionality to our core service offerings, we are well-positioned to continue our strong momentum as we enter fiscal 2025.”

Gaining customers and growing opportunities

In fiscal year 2024, Aryaka added significant global customer wins including Cathay Pacific Airways, American Woodmark Corporation and SEG Automotive. The acquisition of new customers contributed to 30 million dollars in the contract value for Aryaka.

According to investment bank Jeffries, the broad SASE market is expected to grow at a compound annual rate of 20% over the next 3 years and reach a value of over $26 billion. With over 500 current corporate clients, 100 million dollars With ARR and deployments in over 100 countries, Aryaka Unified SASE as a Service is well-positioned for continued customer acquisition and revenue growth in fiscal year 2025 and beyond.

Partner-led growth

The Aryaka Accelerate Global Partner Program was again instrumental to the company’s overall success. Partners increased Aryaka solution sales by 26% year over year, accounting for two-thirds of new logo wins, including the largest new customer deal in the company’s history.

“Aryaka is a channel-first company and these results demonstrate our unwavering commitment to the channel and the tremendous value our partners deliver to both Aryaka and our mutual customers. The channel results also underscore the critical role that partners will continue to play in our growth in fiscal 2025 and beyond,” Shukla said.

Investing in Innovation: Product, People and Go-to-Market

“This is our time,” Shukla added, referring to the company’s global sales launch in Jacksonville Florida“To capitalize on this opportunity, we will be making significant additional investments in products, people, go-to-market programs, customer success and partnerships throughout our new fiscal year.”

Launched in March of this year, Aryaka Unified SASE as a Service is the first of its kind, delivering performance, agility, simplicity, and security without compromise. Combining a unified single-pass architecture and a global private network backbone, Aryaka Unified SASE as a Service offers a comprehensive network security solution, including security, observability, and application performance capabilities, all on a single platform delivered as a service. It is the only solution that meets customer needs where they are, enabling them to modernize, optimize, and transform their network and security environments today and into the future.

Delivered natively on Aryaka Unified SASE as a Service, Aryaka introduced Aryaka AI>™Perform in June. Another first-to-market offering, Aryaka AI>Perform is a GenAI network acceleration capability that helps organizations deliver reliable, high-performance access to Gen AI applications across their global networks. This release is the first offering from the new Aryaka AI>Initiative, which is in development and expects additional releases in the coming fiscal year.

To support new offerings and meet customer demand, Aryaka invested in the company’s existing infrastructure to provide secure network performance across its expanded global network and better serve growing markets. This investment was highlighted by the launch of the Aryaka Point of Presence (PoP) in Stockholm, Swedenin January and Madrid, Spainin May. In addition, Aryaka launched PoPs in Denver, ColoradoAND Atlanta, Georgia.

Shailesh Shuklaformerly Google Cloud and Cisco, who was named CEO and Executive Chairman in February, oversaw the launch of Aryaka Unified SASE as a Service and Aryaka AI> Perform. Following his appointment, Aryaka bolstered its leadership team with three additional executives in April: Pam HolmbergHuman Resources Director; Farzad TariSenior Vice President, Corporate and Business Development and Ken RutskyChief Marketing Officer. Also today, Aryaka announced the addition of Justin Limpreviously at Wiz and Netskope, as VP of Customer Success; renowned security expert Aditya Sood of F5, Symantec, and Bluecoat, as VP of Security Engineering and AI Strategy; Louise Crawford as Senior Director, Growth Marketing, Silver Peak and Tata Communications, and welcomed back Naveen Maveli as Vice President, Engineering. Maveli rejoined the team after a stint at Meta.

Shukla concluded, “In response to the market opportunity we see before us, we are excited and optimistic about capturing a growing share of the exploding SASE market with our Unified SASE as a Service offering. We have the product and team built for success.”

About Aryaka

Aryaka is the leader and first to deliver Unified SASE as a Service, the only SASE solution designed and built to deliver performance, agility, simplicity and security without compromise. Aryaka meets customers where they are in their unique SASE journeys, enabling them to seamlessly modernize, optimize and transform their network and security environments. Aryaka’s flexible delivery options enable enterprises to choose their preferred deployment and management approach. Hundreds of global enterprises, including several Fortune 100 companies, rely on Aryaka for cloud-based network and security services. To learn more about Aryaka, visit www.aryaka.com.

Media/Technology Analyst Contact
Lee Regal
Lumina Communications for Aryaka
[email protected]

Media Contact/Channel Analyst
Khali Henderson
Senior Partner
BuzzTheory (for Aryaka)
[email protected]
480.848.6726

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