Balabit
"Preventing data breaches without constraining business".
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| Public limited company | |
| Industry | Software |
| Founded | Budapest, Hungary (2000) |
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| Website | https://www.balabit.com |
Balabit, founded in 2000, in Budapest, Hungary is a Hungarian security firm specializing in the development of IT security systems and related services using machine learning to secure risky privileged accounts.
Balabit was founded in 2000 by six Hungarian individuals, including Zoltán Györkő (CEO) and Balázs Scheidler (Development Director) to develop an advanced, application layer firewall suite called Zorp. After becoming the leading firewall solution in Hungary in 2004 according to IDC, Balabit started to develop additional products (Shell Control Box and syslog-ng) and exhibiting at various international trade shows.
In June 2014, Balabit announced it had successfully raised USD 8 million from London-based C5 Capital. The investment was intended to finance the company's expansion in the US and UK markets. The transaction would also see Balabit be moved under a Luxembourg-based holding company.
Today Balabit is a leading provider of contextual security technologies with the mission of preventing data breaches without constraining business. Balabit operates globally with offices across the United States and Europe, together with its network of reseller partners. Balabit’s Contextual Security Intelligence platform protects organizations in real-time from threats posed by the misuse of high risk and privileged accounts. Solutions include reliable systems and application log management with context enriched data ingestion, privileged user monitoring and user behavior analytics. Together they can identify unusual user activities and provide deep visibility into potential threats. Working in conjunction with existing control-based strategies, Balabit enables a flexible and people-centric approach to improving security without adding additional barriers to business practices. Founded in 2000, Balabit has a proven track record, with twenty-three Fortune 100 customers and more than a million corporate users worldwide. The main development centers are based in Hungary.
The company is widely known for syslog-ng, its open source log management solution, used by more than a million companies worldwide.
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