Legacy VPN will be replaced by ZTNA, sooner rather than later

2022 has been quite an eventful year for Perimeter 81. The Israel-based cloud and network security company is only four years old but has been at the forefront of the quest to replace legacy VPN (Virtual Private Networks) with ZTNA (Zero Trust Network Architecture) solutions. It raised $100 million in June 2022 (at a $1 billion valuation) to achieve this and has more than doubled its annual recurring revenue (ARR) year over year.

“The rise of remote work, cloud adoption, fiber, and 5G has created a fundamental shift in the network security landscape, leading companies to replace their on-premises network and security appliances with a secure corporate network over the internet,” said Perimeter 81 Co-Founder and CEO, Amit Bareket, earlier this year.

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