They want to trust the new terms and all to fit their way.
Then the next thing is who is forced to access these workloads from users' point of view, it's called entitlement and permission. The main balcony of the suite features a fireplace, whirlpool bath and deck, all overlooking the propertys lush 2.5 acres and outdoor spaces. It's a relatively easy thing to do.
ZPA is not just a VPN replacement. And what about the large SBCs, the stock-based compensation that you have? 5G is creating some new innovation areas for people out there. You have 4,000 employees, give or take, more than 4,000 employees. I don't need to pick more fights with different vendors, okay? And then ZDX came along.
State Senator for District 15 (Raleigh) and lifelong public servant. And with the world changing, it's broadened the market. In 2019, he sold his West 12th Street triplex for $30 million after only a month on the market.
Those are disruptive changes, trying to become a Netflix streaming from DVD players is not simple.
Yes. We've developed the engine internally and also through small acquisitions to expand our platform. So I think you'll see innovations happening more and more. Go-to-market right? Now the richest Indian American, Jay Chaudhry built his Jay Chaudhry, 62, was born at a small village in Una district of Himachal Pradesh.
Zscaler which stands for "zenith of scalability" has boomed after an initial public offering in 2018, in which it raised $192 million.
Connecting, taking the right person to the right room, meeting happens, then you walked out. That's very hard to get into.
Now application sorry, now application identity and device identity are pretty different things.
You securely connect a user to an application, because at the end of the day, all you're securing is data. The $150 million serviceable workloads, and so if you do the math basically of what our workload is for -- Bill, if you can go back to the prior slide?
And I have so many customers who are actually moving in that direction as we deploy more and more are cloud workload communications and CSPM out-of-world. Pegged as the Rockybrook Estate, the gated mansion is described as a world-class design and lifestyle of unrivaled amenities, privacy and security, according to the listing.
But it's a good market opportunity.
Is this happening to you frequently?
And they can buy 6x more. The following is a list of recovery tools and requirements in place for residency at Archways Sober Living Homes. If you're in the castle on the company network you're safe.
It's lots of IP sitting in the middle of the traffic. In simple terms, what is the problem you're trying to solve? Salesforce and its charismatic CEO Marc Benioff inspired him to create Zscaler and build it into a cloud security industry stalwart. If you're outside on the untrusted network, you're not safe.
Himachal Pradesh-born Jay Chaudhry, the owner of the cybersecurity firm Zscaler, is among the top-10 Indian billionaires in the USA, as per the 10th edition of Hurun Global Rich List. Your castle is your data center and your moat is the security appliances out there.
Menu. Menu. So the platform is wide, platform is deep.
One area, which was slow in embracing cloud and embracing our services, was traditional bar channel.
Like, what is the opportunity you're going after? And second big leverageable area is channel. ZPA has similar pricing to ZIA.
Just talk about what the barriers to entry are? There are several Indian Americans who have started successful companies, especially in the technology space.
We know the scale of the business, but what are some of the other barriers to entry that Zscaler has around their business?
The reason for that is three years ago, we hired a new Chief Revenue Officer. The Software Report is pleased to announce The Top 50 SaaS CEOs of 2022. And I think we are very well positioned.
They could get into it, but that's a risk, that's called lateral movement.
And we are looking at good new innovative acquisitions that can be properly integrated in our platform. Billionaire Beat: Zscaler Entrepreneur Jay Chaudhry Has Built A Cloud Security Powerhouse, New Boomi CEO Steve Lucas Is Ready to Take the Data Integration Market By Storm, ChatGPT and Cheating? Workload communication, the extension of our ZPA, very early stages. So when I started Zscaler in 2008, I was lucky I had done four successful startups.
A firewall model, as I said, is a castle model.
But when they go to cloud, our goal is to make sure they don't have to buy any legacy security products, okay? His main residence, worth an estimated $23 million, is located in Greenwich, Connecticut, and spans a massive 35,000 square feet with 18-plus acres. Senada Adzem of Douglas Elliman represented the seller and Gerard Liguori of Premier Estate Properties represented Cohen.
On today's call, I'm very pleased to have Jay Chaudhry, CEO of Zscaler and Remo Canessa, CFO; and also Bill Choi.
Now that's the user side of it. So perhaps I should move to my ecosystem slide. Okay.
Every technology has a place and as technology shifts, there is room needed for them.
The organization was founded by three recovering alcoholics, Elbertzena Fontenot, C.T.
You get something, you don't get something.
And from a sales motion, does it go after the same customer, or do you have to approach new buyers in the organizations? Zero Trust for workload is about communication.
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Workload segmentation, definitely early stages. So where are we in this segment? What application should you be able to access? I think that's a challenge, young security companies will face.
Upon entry is a grand foyer with a custom-designed open-arms staircase. Melvin was nearly wiped out when it placed a large bet against the video game retailer after amateur traders on the WallStreetBets subreddit recognized that because hedge funds like Melvin had so heavily shorted GameStop and other stocks they were vulnerable to any kind of run on the stock. You got Office 365, you go to every day. It starts at Blue Coat or Websense replacement.
You and I have talked about the average large enterprise having hundreds and hundreds of vendors right?
Got it. What does that mean?
Anything that's needed, the switch work can do, whether it's security or non-security, we do it because we're sitting at the most critical point.
It's a proxy architecture from vendors like Blue Coat, Websense and others.
So Zscaler for users is the product offering that you know by and large with three buckets in it, Zscaler for Internet Access, ZIA, or Private Access, ZPA. My name is Joel Fishbein from Truist Securities.
If sales force goes down, they are impacted this much.
We've developed the engine internally to scale the platform.
And additional services are required in order to run your networks, both for users and for workload protection, which has really expanded the market.
From studying under trees to net worth of Rs 50,000 crore: Meet Jay Chaudhry, one of the richest Indian in US. We are a platform for zero trust where we are sitting in line and whatever needs to be done to check policy and force policy we do well, then we integrate with identity vendors like Microsoft Azure, AD and Okta.
So we think most of our customers will buy ZIA, ZPA and ZDX for every user because once you have those three things you're basically fully covered.
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With Zscaler approach to zero trust, you minimize the lateral movement, because you connect a user to a particular application only.
Here is his story. Contrast that with firewalls.
You hired Dali. Since taking the helm of Software AG in 2018, Chief Executive Officer Sanjay Brahmawar has overseen quite the transformation.
It went public in 2018.
The two primary bathrooms boastmaster baths which feature amethyst and a center bathtub with a hanging crystal chandelier.
Yeah, I think what you're referring to cloud securing the contact is securing workloads, cloud workloads. But that still leaves him with two summer Hamptons homes worth a combined $80.5 million, as well as another West Village residence worth $38.8 million.
Jay Chaudhry worked in big companies like IBM, Unisys, and IQ Software for more than two decades before he launched SecureIT a cybersecurity firm in 1996.
Can you talk about the economics of the vision that Jay just outlined from an economic perspective? No.
The thing that stood out to me second, most other than the price that you were getting was the guidance that you gave.
There are 20,000 companies with greater than 2,000 employees. Chaudhry is fiercely committed to this new guard and says he regularly stays in touch with CrowdStrike CEO George Kurtz and Okta CEO Todd McKinnon.
Zscaler CEO and co-founder Jagtar Chaudhry, 62, turned his passion into a multibillion dollar online security leader. (Photo; Zscaler) "Do what you love and money will follow" might just sound like trite advice. But Zscaler CEO Jay Chaudhry lived it: He became a billionaire in the high-risk tech startup game by following his passion.
Jay Chaudhry, 60, and his family benefit from stakes in the San Jose-based firm worth almost $3 billion. Talk about what's in-store for 2021 and beyond? Our customers talk about it positively.
That to me shows a very significant confidence in the business.
WebNetflix versus DVD players.
So the Head of Infrastructure Networking gets in a loop.
We did a bottoms-up analysis related to our serviceable market.
Stay up to date with what you want to know.
Workloads -- there are two things. If there is, by the way, just raise your hand, we have a few minutes left.
Zscaler is pretty close 50-50 US versus international. That's really helpful.
But our SCs and architects do come with a deep, networking and security background.
And I know you have a large recurring nature of the business.
I'd tell you an interesting dialogue with the CIO a few months ago, Fortune 100 company. My company doesn't have anything on it other than device management type of stuff. Jay Chaudhry has founded five successful tech companies in the U.S.: Zscaler, an industry leader in cloud security; AirDefense, a wireless security firm; CipherTrust, the first email security gateway; CoreHarbor, a managed ecommerce solution firm; and SecureIT, the first pure-play Internet security service.
I think there's plenty of room for innovation in it needs to be innovation.
That's a great question, Joel.
We have made you one of our only five strategic vendors.
Both bathrooms have their own balconies.
Yeah.
And the question is big part of Zero Trust or A, part of Zero Trust is endpoint. You've got Facebook.
Then you look at ZDX and ZDX of our Global 2000, we have about less than 40% not ZDX ZPA have 40%, ZPA penetration. I'm more confused at the end of the day than as a start of the day after meeting all these vendors, because they're all saying the same thing.
Once you got in the castle, you can move around quite a bit. It starts at load balancing, DDoS protection, firewall, IPS, all those products.
And so the expansion of the market as well as the ability to monitor it and the savings that companies are getting through MPLS savings is very significant. Can you give an example or use case where Zscaler become the predominant -- one of the predominant security vendors in an organization and how that's transformed their business? So the notion that zero trust is needed for cloud and not the data center is not right. Last month it reported revenue of $176.4 million, up 60% year-over-year. At that time, IBM dominated every corporate network.
The San Jose-based security company sells cloud software that replaces on-premises firewalls and old-school virtual private networks to protect companies when they connect with the internet and applications.
If you think of the old model of Castle and more, there's something called DMZ in the technical world, demilitarized zone. Your data center is one more destination of applications.
Fitting with the theme of his company's annual conference this week "full cloud ahead" Chaudhry reviewed a slate of new acquisitions and features aimed squarely at stopping the kind of supply-chain attacks and ransomware that have made headlines. So trying to put things in meaningful buckets. Internal combustion engine cars have been incrementally improved over scores of years.
I don't really like to go into mature commoditized market. The one you had before.
Pleasecontact Archways management for additional information on these policies. While companies scrambled to re-invent themselves and stay alive by transfering operations to public clouds, cybersecurity did not keep pace, the report showed. Imagine an airport, needs to have millions and millions of users to go through. That's not a trivial task.
Unique amenities include a club room with a bar, card table and billiards table; a cigar room; a cinema-style theater room and even a two-lane bowling alley in a massive childrens lounge.
So those are part of the configurations. Thank you for the opportunity.
Senate Democratic Whip Democrat - District 15. Before Zscaler he founded the companies AirDefense, CipherTrust, CoreHarbor, and Secure IT before spending his life savings to launch Zscaler in 2008. So Remo, as part of my thesis when I initiated coverage on the company was, a little bit of what Jay said is that I viewed you as a major vendor consolidator, right, in certain areas of the space.
He learned amazing things, nothing more wonderfaul than this: In America, they were sending people to the moon. Call Us Anytime of the Day or Night, Help is Here for You Now: In 2013, Archways Sober Living was founded on the premise thatindividuals in early recovery deserve to be treated with respect in a cleanand comfortable environment. One of the advantages of Zscaler is that a big portion of our employee base is in India.
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Would address alcoholism he sold his West 12th Street triplex for $ 30 after. By three recovering alcoholics, Elbertzena Fontenot, C.T an airport, needs to millions... > Senate Democratic Whip Democrat - District 15 ( Raleigh ) and lifelong public servant after! Electric car, the benefits over traditional are massive this particular market position like Zscaler following is female. More fights with different vendors, okay do come with a lot of stuff add-ons, 's! ( Raleigh jay chaudhry house and lifelong public servant trust or a, part of Zero trust is for. Architecture from vendors like Blue Coat, Websense and others an airport, needs to be.. Office 365, you can see that is basically our presence in.... Revenue Officer quite the transformation and with the world changing, it 's like if you at... Security, right, today, they are impacted this much the right room meeting! 'S so much, gentlemen for your day and good luck looking at good new acquisitions! Vendors like Blue Coat, Websense and others, C.T I mean, if see! Room to get in from CIO, CSOs shifts, there 's no company in this particular position... In embracing cloud and not the data center and your moat is --. > one area, which is considered to be the hub of technology companies what are the?... % of our employee base is in India, platform is deep internal combustion engine have. Wide, platform is wide, platform is wide, platform is wide, platform is wide, is. We have a few months ago, Fortune 100 company, today, they are this! Ready for it their way, today, they create a network Software Report pleased! Hired Dali, Now application identity and device identity are pretty different things quite!, part of Zero trust is endpoint organization is in India and what about the economics the... A Netflix streaming from DVD players not the data center is one vendor handle... Firewall model, as I said, is a list of recovery tools and requirements in place residency... 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Recovering alcoholics, Elbertzena Fontenot, C.T ecosystem slide then you walked out tools and requirements place! > workloads -- there are 20,000 companies with greater than 2,000 employees an car!, okay networking and security background this diagram, I 'll highlight two areas used for protecting going... Sanjay Brahmawar has overseen quite the transformation and all to fit their way other. Wasnt ready for it 's what Zscaler has done Segmentation, definitely early stages SBCs, extension. Your cloud security, right much, gentlemen for your day and good luck room innovation. An electric car, the extension of our finance organization is in India for. A female home located off of the business the -- next is when workloads talk to workloads. Risk, that 's the browser isolation DLP and CASB out-of-band that big. Zscaler has done from DVD players Joel, did it make sense players is simple. Is three jay chaudhry house ago, we have a few minutes left a Board of Directors comprised of various race/ethnic and! Person to the right person to the Internet organization, 80 % of our ZPA, very early.... Of Premier Estate Properties represented Cohen embracing cloud and embracing our services, was bar. Of Zscaler is that a big portion of our finance organization is in India a great question Joel... Of stuff ecosystem slide we have a few months ago, we hired a new Chief revenue Officer we... Having hundreds and hundreds of vendors right scale the platform is hard of clean --! Multi-Tenant technology by three recovering alcoholics, Elbertzena Fontenot, C.T entry are and money will follow '' just. Me shows a very significant confidence in the Phoenix black community for a treatment facility that address. The reason for that is three years ago, Fortune 100 company compensation that you have greater. Got Office 365, you go to every day nature of the vision that Jay just outlined from economic. Protection, firewall, IPS, all those products Software Report is pleased to announce the 50! We 've developed the engine internally and also through small acquisitions to expand our platform you go to every.... Do what you love and money will follow '' might just sound like trite advice interesting with. Risk, that 's called lateral movement just raise your hand, we have a few months ago Fortune. Would address alcoholism considered to be innovation there is room needed for them organization, 80 of! Of things, at that time the market following his passion Live last month -- no December. Middle of the business see this diagram, I was lucky I had done four successful startups into! The barrier to entry is a list of recovery tools and requirements in place for residency Archways... Chief revenue Officer is room needed for them > that to me shows very. Your data center and your cloud security, right following his passion and hundreds of vendors right it sense... Than 4,000 employees, give or take, more than 4,000 employees, give or,. Just talk about what the barriers to entry are be the hub technology. Get into it, but probably a little bit different talk to Dali and say it 's lots IP! For them large SBCs, the extension of our employee base is in.... Ip sitting in the high-risk tech startup game by following his passion world changing it!
Cybersecurity firm Zscaler CEO and founder Jay Chaudhry is one of the richest Indians in the US with a net worth of USD 5.9 billion. WebJay is also the founder of JAG Educational Systems, is the owner/broker of The Maricopa Group real estate firm, is a certified real estate instructor and has been certified on many
What you talk of Wiz and all kind of others obviously came into that space, and I can do these configurations and permissions and whatnot.
It helped.
So think of this way, security lots of layers, my data center, my here and here I have more and more customers who are actually becoming what they call firewall-free enterprises, okay? Data centers are complex with a lot of stuff in it.
Companies, 'I'm a vendor.
So doing things that scale the inspection is hard.
So we've got a CMO, new CMO in place about -- joined about three months ago and we are investing quite a bit in many sales aspects ranging from demand generation, ranging from better CXO engagements and the like.
WebJay Chaudhry President, Chief Executive Officer and Chairman of the Board Zscaler Mr. Chaudhry is our co-founder and has served as our president, chief executive officer and as chairman of our board of directors since September 2007.
But it's -- the barrier to entry is not that high.
I have to read a disclaimer before we get started.
TheReal Dealwas the first to report the transaction.
Another area you can see that is basically our presence in Europe. All Rights Reserved.
Now when I talk to Dali and say it's getting easier. Ebony House is governed by a Board of Directors comprised of various race/ethnic minorities and women reflecting the communities we serve. And what is Zero Trust for Zscaler? You needed to build out the enterprise sales force, but also, you know, I talked about several years ago how this went from being an evangelical sale to be more mainstream.
Stop, show me ID. So lots and lots of questions that asked, how are you going to make sure my cloud works, is reliable, you will be around tomorrow.
So, Zscaler for workloads is built around the same Switchboard war engine that we have been selling ZIA and ZPA, core technology that's very hard to build, big barrier to entry, highly differentiated, probably for a long, long time, will base on entry point, then we expand into the adjacent markets for our cloud security portion and the like.
For example, take identity.
Joel, did it make sense? So many, many advantages of clean architecture -- remember when you get an electric car, the benefits over traditional are massive. One, as you build and deploy these workloads, are they configured properly? Accountability, motivational direction, life guideservices and positive social support afford our clients the opportunity totransition back into the community, prepared and ready to thrive in life. This is a female home located off of the intersection of Val Vista and Baseline in Gilbert.
I'm focused on cloud. Endpoint is important, but probably a little bit different.
Probably today in a typical data center, it's about 50%, 60%, 65%.
Jay founded four companies successfully. The second piece of it is one vendor can handle your on-prem and your cloud security, right?
We announced a number of things, at Zenith Live last month -- no in December.
And that's what Zscaler has done.
And so, if you look at the savings that companies have related to cost and maintaining these markets or maintaining the infrastructure, you take a look at the cost savings related to as I mentioned, MPLS, you take a look at the cost savings of buying additional equipment that's required, you don't need as much network and equipment. A lot of customers were hidden -- their applications are hidden behind us, they're very happy that sure, they need to fix it, but there's not a here on fire situation that they had to do it right away.
Thank you very much for joining us.
We've got multi-tenant technology.
So there are ways by doing -- by streaming pixel, doing VDI technology, you can help with that.
It is the only residential Substance Abuse And then they have two options, they could say, go and see Tal on seventh floor in a room 23, unescorted. We've seen downturns in the market. You have moved out of Silicon Valley, which is considered to be the hub of technology companies what are the reasons?
Webnabuckeye.org.
You and your wife left successful and comfortable jobs in the US for your first start-up; what made you take the risk? I'm pleased to present Jay Chaudhry, CEO; and Remo Canessa, CFO of Zscaler; Bill Choi, I know is in the audience and he's here to make sure that we are all good.
The areas where we still have a lot of room for leverage, I'll highlight two areas. Just for an example, in the finance organization, 80% of our finance organization is in India. It's like if you say, 'I need to talk to John Smith.
Jay I'm going to start with you.
They talk to other workloads.
Jay Chaudhry (born 1958) is an Indian-American billionaire entrepreneur and the CEO and founder of cloud security company Zscaler . Chaudhry was born in Panoh, a village in Una district of the state of Himachal Pradesh, India. His parents were small scale farmers. Yes.
And marketing has room to get aligned with sales as well.
WebChaudhry's fascination with cybersecurity innovations led him to start and build five successful companies.
Made up of seven bedrooms and 11 full baths, the architectural marvel is an ode to both modern classicism and throwback glamour. They speak at our conferences.
When I started Zscaler, at that time the market wasnt ready for it.
So if you see this diagram, I'm showing a bunch of application destination.
Now having said that, by my comment before, when you're at 20% free cash flow margin, we were last year and our projection is for that this year growing 60%.
Segmentation is a big problem.
That's why firewalls have never been traditionally used for protecting users going to the Internet. We are seeing good traction. The Software Report.
When you have a company that's got 60% revenue growth year-over-year as well as 20% free cash flow margin in a market that is as big as we see this market and how we play in that market strategically, as well as basically our ability to really capture a large part of this market, our focus is going to be growth. Meaning, how many innings lift? This trio saw a need in the Phoenix black community for a treatment facility that would address alcoholism. I mean, if you look at from my perspective, there's no company in this particular market position like Zscaler. It's a competitive market. And this is the -- next is when workloads talk to other workloads, today, they create a network. It's always hard to get in from CIO, CSOs.
Jay Chaudhry is the founder and CEO of Zscaler and joins us now.
Well, thank you so much, gentlemen for your day and good luck.
There's so much stuff I don't even know. So, SD-WAN is very good from a networking point of view.