Similarly, promising private vendors continue fetching impressive M&A multiples. In August, Cisco acquired Duo for $2.23 billion, an estimated 20 times trailing revenues. No mere froth, 94% of security vendors met or exceeded their most recent quarterly revenue estimates, and are growing 18% annually on average. Public cyber companies trade at a historically high mean enterprise value of 7 times 2018e Revenues (at Sept 21). Recently-public Zscaler and Okta trade north of 20 times 2018 revenues, higher than any public SaaS vendor. Responding to Earth’s cyber-perils, Google recently announced enlistment of “near limitless compute capabilities” to provide “planet-scale security, there is probably no bigger threat to humanity than not getting the cybersecurity threat right.” As legacy solutions flounder and leave gaps, CISOs are clamoring for alternatives. Accordingly, sector valuations for growthy vendors have never been higher, nor opportunities for new vendors greater. The World Protector paradigm addresses deep anxiety about the persistent security gap. Responding to Earth’s cyber-perils, Google's Chonicle security initiative recently announced enlistment of “near limitless compute capabilities” to provide “planet-scale security, there is probably no bigger threat to humanity than not getting the cybersecurity threat right.” Vendors acquired this year similarly speak the epic language of “a generational leap forward in user protection” (Symantec-Fireglass), and “a new approach to security” (Gigamon-Iceberg) to stop “even the stealthiest attacks” (Palo Alto Networks-SecDo). Bristling with Omni-visibility and AI-infused automation, the new Cyber Defenders promise to prevent attacks in the blink of an eye, while hunting, deceiving and containing breaches. SUPER Security Solutions are required, bursting from perimeter-constrained IT stacks to shield us from dynamic threats everywhere. Mere security solutions can’t save us from what Warren Buffett calls humankind's greatest threat. All the while, malware-injected ATMs spew cash, spies roam sensitive networks and pwned vehicles threaten havoc. As Industroyer knocks out electrical grids, zombie IoT armies launch terabyte DDoS attacks and Ransomware holds petabytes of data hostage. Superhero movies are the rage, but for action nothing beats the cyber mayhem roiling our world.
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