Delinea is expanding its global footprint to Mexico City.
This strategic investment is pitched as allowing the company to build centralised teams, increase capacity and scale operations more efficiently, strengthening its position as a leader in identity security.
Delinea closed of its 2024 fiscal year delivering annual recurring revenue (ARR) approaching $400 million – with recurring revenue now comprising 95% of Total GAAP Revenue.
Additionally, Delinea continued to grow its SaaS ARR, representing the majority of total ARR, demonstrating the value its cloud-native platform brings to its customers, particularly as organisations require advanced identity security solutions to secure AI-driven systems.
Delinea also continued to achieve an operating profile that reflects its ability to drive profitable growth, showcasing its strength in executing a sustainable business model.
The Mexico City expansion builds on this momentum and drive continuous innovation in a rapidly evolving market.
Art Gilliland, CEO, Delinea, said: “Expanding to Mexico City is a key part of our strategy to foster innovation, enhance collaboration and scale operations, ensuring we continue to deliver the solutions our customers need to thrive in an evolving digital landscape.”
“Our execution remains strong, driven by high market demand for our solutions,” said Stephanie Reiter, Chief Financial Officer, Delinea.
“With ARR approaching $400m and our SaaS business at the forefront, we are well-positioned to continue shaping the future of identity security for modern enterprises – especially as AI adoption accelerates.”
