Login

IMPERVA INC

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2018 10-Q, filed Nov 5, 2018. Its latest SEC filing is a SC 13G/A from Feb 14, 2019.

The sections below describe the company as of the FY2017 annual report.

What Did They Do?

Sells software and cloud services that protect organizations’ business data, databases, websites and applications from cyberattacks.

How Did They Make Money?

Customers buy perpetual software licenses for SecureSphere, usually with maintenance and support; the company receives payment for products when appliances ship or software keys are delivered. Cloud services, maintenance and support are paid through renewable contracts over time, while professional services and training are paid for when delivered.

FY2017 revenue

Who Were Their Customers?

Banks, retailers, insurers, technology and telecommunications companies, hospitals and government agencies buy Imperva’s security products and services. They primarily purchase through distributors and resellers, with direct sales staff also working with end customers; cloud services also reach organizations through service-provider and hosting partners.

Customers above 10% of revenue, FY2017
of revenue from one customer
FY2016: 13% from one customer

Did Revenues Turn Into Profits?

Yes. It kept 7 cents of every revenue dollar as net income in FY2017.

Operating income, FY2017
−4% of revenue
▼ −80% (Loss) vs FY2016 (−$69M, −26%)
Net income, FY2017
7% of revenue
▲ Now profitable vs FY2016 (−$70.3M, −27%)

How Were They Changing?

Since the FY2017 annual report
Latest quarter: Q3 FY2018, the three months to Sep 30, 2018
Revenue
▲ +9%
vs $83.9M in Q3 FY2017
Net income
▲ Now profitable
vs −$370K in Q3 FY2017
  • Jan 10, 2019 Thoma Bravo completed its acquisition of Imperva Imperva became a wholly owned subsidiary, and its shares were removed from Nasdaq listing.
  • Aug 15, 2018 Imperva completed its acquisition of Prevoty Prevoty joined Imperva, adding application security capabilities.

Grew. Revenue grew 2.3x in 4 years, from $137.8M in FY2013 to $321.7M in FY2017, about 24% a year.

Product portfolio The older report included Skyfence, which provided visibility and control over cloud and SaaS applications. The latest report instead describes CounterBreach and Camouflage as product lines and no longer includes Skyfence among its offerings.

Licensing The latest report adds FlexProtect, a single license giving customers access to on-premises and hybrid solutions for data and applications; the older report described subscription pricing for cloud products and services.

Who Did They Compete With?

Competes with International Business Machines, Oracle, Dell EMC, Symantec, Varonis Systems, Akamai Technologies, and F5 Networks

Create Account

Sign up for free to unlock this feature.

Already have an account? Sign in

Premium Feature

This feature requires a premium subscription to unlock unlimited historical data and advanced analysis tools.

Premium includes:

  • Unlimited historical financial data
  • Advanced analytics and insights
  • Priority support