Qualys, Inc. (QLYS): History, Ownership, Mission, How It Works & Makes Money

In the complex world of cybersecurity, does Qualys, Inc. (QLYS) stand out as a key player? With a solid track record and a comprehensive cloud-based platform, Qualys has become a trusted name for organizations seeking to protect their digital assets. In 2024, Qualys reported a revenue increase of 10%, reaching $607.6 million, and its Vulnerability Management, Detection and Response (VMDR) solution was recognized as the Best Vulnerability Management Solution at the 2024 SC Awards Europe for the second consecutive year, but how did they get here and how do they make money? Keep reading to explore the history, ownership structure, mission, operational mechanisms, and revenue streams that define Qualys, Inc.

Qualys, Inc. (QLYS) History

Qualys, Inc. Founding Timeline

Year established

The company was established in 1999.

Original location

The company was founded in Redwood Shores, California.

Founding team members

The founding team included:

• Philippe Courtot, who served as Chairman and CEO.
• Gerhard Eschelbeck, who served as Chief Technology Officer.

Initial capital/funding

Information regarding the specific initial capital or funding amount at the company's founding is not readily available in the provided search results.

Qualys, Inc. Evolution Milestones

Qualys, Inc. Transformative Moments

• Transition to Cloud-Based Model: The early decision to deliver security solutions via the cloud was transformative, setting the company apart from traditional software vendors and enabling continuous, scalable security assessments.
• Platform Expansion: Expanding the initial vulnerability management focus to a broader suite of security and compliance solutions created a more comprehensive and integrated offering, increasing customer value and market reach.
• Strategic Acquisitions: Strategic acquisitions, such as Immunity, Inc., brought in new technologies and expertise, enhancing the company's capabilities and competitive position.
• Focus on Innovation: Continuous innovation and adaptation to emerging security threats and technologies have been crucial in maintaining the company's leadership position in the cybersecurity market.

For more insights into the company's guiding principles, you can check out: Mission Statement, Vision, & Core Values of Qualys, Inc. (QLYS).

Qualys, Inc. (QLYS) Ownership Structure

Qualys, Inc. operates with a mixed ownership structure, featuring a combination of institutional, insider, and public shareholders.

Qualys, Inc.'s Current Status

Qualys, Inc. is a publicly traded company, listed on the Nasdaq Stock Market under the ticker symbol QLYS. This means that its shares are available for purchase by the general public, and the company is subject to regulations and reporting requirements set by the Securities and Exchange Commission (SEC).

Qualys, Inc.'s Ownership Breakdown

Understanding the ownership structure of Qualys, Inc. provides insights into the distribution of control and influence within the company. As of the latest data available for the fiscal year 2024, the ownership is distributed among various types of shareholders.

Qualys, Inc.'s Leadership

The leadership team at Qualys, Inc. is responsible for setting the strategic direction and overseeing the company's operations. Key members of the leadership team include:

• Sumedh S. Thakar: President and Chief Executive Officer
• Joo Mi Kim: Chief Financial Officer
• Allan Peters: Chief Technology Officer

For insights into the company's goals, see Mission Statement, Vision, & Core Values of Qualys, Inc. (QLYS).

Qualys, Inc. (QLYS) Mission and Values

Qualys' mission is to be a leading provider of cloud-based security and compliance solutions. The company values innovation, customer success, and integrity.

Qualys' Core Purpose

Official mission statement

Qualys' mission statement is: 'To revolutionize how organizations secure their digital assets by providing a single platform for comprehensive, always-on security and compliance.'

• To consolidate security and compliance solutions into a unified platform.
• To ensure continuous, real-time visibility and protection of digital assets.
• To innovate and adapt to the evolving threat landscape.

Vision statement

Qualys' vision is to be the platform of choice for organizations looking to secure their digital transformation and maintain a strong security posture.

• To be recognized as the leader in cloud-based security and compliance solutions.
• To empower organizations with the tools and insights needed to proactively manage their security risks.
• To drive innovation and set the standard for security and compliance in the cloud.

Company slogan/tagline

Qualys' tagline is 'The Power of Knowing®'.

• Emphasizes the importance of visibility and knowledge in security.
• Highlights the company's focus on providing actionable insights.
• Reflects the company's commitment to empowering customers with the information they need to make informed security decisions.

For more in-depth information, you can visit: Mission Statement, Vision, & Core Values of Qualys, Inc. (QLYS).

Qualys, Inc. (QLYS) How It Works

Qualys, Inc. specializes in cloud-based IT, security, and compliance solutions, providing a unified platform that automates the lifecycle of IT asset visibility, threat detection, and remediation. They deliver these services through a Software-as-a-Service (SaaS) model.

Qualys's Product/Service Portfolio

Qualys's Operational Framework

Qualys operates through a comprehensive, cloud-based platform that integrates various security and compliance applications. Here's how it works:

• Continuous Scanning: Qualys uses a network of sensors and cloud agents to continuously scan IT assets for vulnerabilities and misconfigurations.
• Centralized Data Analysis: Data collected from scans is aggregated and analyzed in the Qualys Cloud Platform, providing a unified view of security posture.
• Automated Workflows: The platform automates workflows for vulnerability prioritization, remediation, and compliance reporting.
• Integration Ecosystem: Qualys integrates with other security tools and IT systems, enhancing overall security operations.

For more details, see Mission Statement, Vision, & Core Values of Qualys, Inc. (QLYS).

Qualys's Strategic Advantages

Qualys has several strategic advantages that contribute to its market position:

• Cloud-Native Platform: The Qualys Cloud Platform provides scalability, flexibility, and ease of deployment.
• Comprehensive Solution Set: Qualys offers a broad suite of security and compliance applications, reducing the need for multiple vendors.
• Continuous and Automated Security: Qualys automates many security processes, improving efficiency and reducing manual effort.
• Extensive Integration Capabilities: Integration with other security tools and IT systems enhances the value of the Qualys platform.

Qualys, Inc. (QLYS) How It Makes Money

The company primarily generates revenue by providing cloud-based security and compliance solutions that enable businesses to identify vulnerabilities, protect their IT systems, and comply with regulatory requirements.

Qualys, Inc. Revenue Breakdown

As the latest complete fiscal year is 2024, the table below uses information from that year.

Qualys, Inc. Business Economics

The company's business economics are underpinned by several key factors:

• Subscription-Based Model: A significant portion of the revenue comes from subscriptions, providing a recurring and predictable income stream.
• Scalability: As a cloud-based platform, the company can efficiently scale its services to accommodate a growing customer base without incurring substantial infrastructure costs.
• High Retention Rates: The mission-critical nature of security and compliance solutions results in high customer retention rates, contributing to long-term revenue stability.
• Partnerships: Strategic alliances enhance market reach and expand the portfolio of integrated services.

Qualys, Inc. Financial Performance

Key aspects of the company's financial performance include:

• In 2024, the company reported revenue of $547.1 million, marking a 12% increase from the previous year.
• The company maintains a strong gross profit margin, reporting 79% in 2024.
• The company demonstrates operational efficiency with an operating margin of 26% in 2024.
• The company showcases its profitability with a net income of $109.8 million in 2024, with a 20% net margin.
• The company's financial health can be further explored here: Breaking Down Qualys, Inc. (QLYS) Financial Health: Key Insights for Investors

Qualys, Inc. (QLYS) Market Position & Future Outlook

As of April 2025, Qualys, Inc. stands as a significant player in the cloud-based security and compliance solutions market, with a forward-looking approach centered on innovation and expansion of its integrated platform. The company aims to strengthen its market position by addressing emerging cybersecurity threats and compliance requirements.

Competitive Landscape

Opportunities & Challenges

Industry Position

Qualys has established itself as a key vendor in the cybersecurity industry, particularly known for its cloud-based vulnerability management and compliance solutions. The company's integrated platform approach offers a comprehensive view of an organization's security posture, which is a significant differentiator.

• Cloud-Native Platform: Qualys's cloud-native architecture allows for scalable and continuous security assessments.
• Integrated Solutions: The Qualys Cloud Platform integrates multiple security functions, providing a unified approach to security management.
• Compliance Focus: Qualys places a strong emphasis on compliance, helping organizations meet regulatory requirements efficiently.

More insights can be found here: Mission Statement, Vision, & Core Values of Qualys, Inc. (QLYS).