As I reflect on the tremendous progress our company has made since I joined three years ago, I want to take a moment to thank our customers for their continued trust and say how honored and grateful I am to lead this incredible team.
Ivanti’s commitment to providing our customers with seamless, innovative, and secure solutions is unwavering. Our goal is to exceed industry standards, and we understood from the start that meaningful advancements do not happen overnight. I would like to share some of our recent updates with you today.
Financial Flexibility Enables Continued Progress and Innovation
Last week, Ivanti announced a pivotal transaction that provides us with an additional $350 million in capital and extends our current debt obligations until 2029. As we sat down with our investors to outline our journey toward a SaaS-focused model, their responses underscored their collective confidence in our progress and the long-term prospects for our business. Our newly optimized capital structure affords Ivanti financial flexibility as we continue our transformation and accelerate innovation to meet the evolving needs of our customers.
Industry-Defining Product Security Aligned with Secure by Design Principles
Over the past year, we have shared the many ways we have doubled down on our Secure by Design commitments, taking steps to secure our products, and backing these actions with substantial investments and increases in our security team resources. It was critical for us that our pledge be more than just lip service; we were committing to actively and consistently taking steps to incorporate Secure by Design principles into every stage of our product development and decision-making processes.
Our transition to a SaaS model marks another crucial step in delivering future-proof solutions to our customers. Cloud solutions are inherently more secure, and we have made meaningful efforts to remove any roadblocks–whether financial, contractual, or functionality-driven–to support customer migration to the most up-to-date offerings via a disciplined installed base management program. Over the last 2.5 years, we have successfully migrated thousands of customers from on-prem to Ivanti Neurons solutions, with most new customers adopting our advanced, cloud-based offerings.
As part of our goal to ease the burden of security management for customers, we’ve made significant investments to automatically, and proactively counter current and future threats in our Ivanti Neurons cloud-based platform. As one example, we are rolling out important enhancements in our Neurons for Secure Access (nSA), which enable any Connect Secure edge appliance connected to nSA to be automatically patched by Ivanti in the event of a vulnerability. This technology aligns with our Secure by Design pledge and represents an important path forward for the industry in proactive security management.
Additionally, in April we announced Ring Deployment, an important innovation in Ivanti Neurons for Patch Management. An increasing number of N-Day compromises result from delays in patching, as IT teams manage a seemingly relentless stream of releases. Ring Deployment allows devices to be strategically organized based on specific needs or risk levels, enabling a controlled and prioritized patch rollout with minimal disruption to production systems. This reduces IT team strain, streamlines patch management, and fortifies customers’ environments.
Strength in Transparency and Proactive Vulnerability Management
Finally, I want to take a moment to touch on a topic that seems to get a lot of attention in the media.
At Ivanti, we view transparency as fundamental to customer trust and security. Our philosophy is simple: discovering and communicating vulnerabilities, and sharing that information with defenders, is not an indication of weakness; rather it is evidence of rigorous scrutiny and a proactive vulnerability management program. By aggressively seeking to identify and address vulnerabilities, our aim is to get ahead of threat actors and ensure our customers can take the steps needed to protect themselves.
At Ivanti, we will always advocate for transparency in CVE disclosures, both for our own products, and across the industry. It is our belief that vulnerabilities that go unnoticed and unaddressed may keep companies out of the headlines, but it also means their customers do not have the insights needed to fully understand and protect against risks. To this end, we also engage deeply with the security community, maintain long-term partnerships with leading security experts, and actively collaborate with government agencies. We work with our partners to share intelligence with defenders that goes above and beyond standard disclosure practices. This helps prevent threat actors from replicating new attack patterns or threat vectors against others in the market, and we firmly believe this is a practice that everyone in the security and software industries should adhere to.
Looking Ahead
Ivanti is proud to be our customers’ trusted partner in IT management and security.
As we look forward, our comprehensive security strategy will continue to be anchored in customer-centricity, enabling our customers to thrive and focus on what they do best.
To all our customers — thank you for trusting us to be your partner in this journey. Together, we will continue to navigate the complexities of today’s threat landscape and build a secure and innovative future.
Warm regards,
Dennis Kozak
CEO, Ivanti