Good day, and thank you for standing by. Welcome to Qualys Fourth Quarter 2024 Investor conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press star one one on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star one one again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Blair King. Please go ahead.
Thanks, Gigi. Good afternoon, and welcome to Qualys' fourth quarter 2024 earnings call. Joining me today to discuss our results are Sumedh Thakar, our President and CEO, and Joo Mi Kim, our CFO. Before we get started, I would like to remind you that our remarks today will include forward-looking statements that generally relate to future events or our future financial or operating performance. Actual results may differ materially from these statements. Factors that could cause results to differ materially are set forth in today's press release and our filings with the SEC, including our latest Form 10-Q and 10-K. Any forward-looking statements that we make on this call are based on assumptions as of today, and we undertake no obligation to update these statements as a result of new information or future events. During this call, we will present both GAAP and non-GAAP financial measures.
The reconciliation of GAAP to non-GAAP measures is included in today's earnings press release. And as a reminder, the press release, prepared remarks, and investor presentation are all available on the investor relations section of our website. So with that, I'd like to now turn the call over to Sumedh Thakar.
Thank you, Blair, and welcome to our fourth quarter earnings call. Looking back to last year, I can truly say that 2024 was a year of incredible product innovation and rebranding of Qualys as we celebrate our 25th year anniversary. As one of the first SaaS security companies in the world, we have continuously strived to exceed market expectations and serve as the leader when it comes to disruptive technology and cybersecurity. Today, the message is clear. Today's CISOs want to anchor cybersecurity conversations around business risk reduction as the impact of their cybersecurity spend. The market wants a platform that enables them to speak a unified language of risk to their boards and business partners while letting their teams pick the underlying platform and best-of-breed solutions for specific areas in cybersecurity rather than an aspirational goal of consolidating 50 different cybersecurity vendors into one.
Recognizing the difficulty and complexity of implementing and utilizing multiple security solutions from numerous security vendors, we have evolved our platform, previously focused on vulnerability scanning and telemetry collection, to become a full-feature risk analytics and quantification platform, bringing data analytics and insights with embedded AI models to customers while giving them the flexibility to continue to leverage their existing security tools. The net result for customers is a vendor-neutral orchestration layer that provides full visibility and risk scoring for an organization's entire attack surface, aggregates and correlates all security findings, leveraging over 25 threat feeds, and powers a single AI-driven workflow that centralizes, quantifies, articulates, prioritizes, and remediates cyber risk while delivering the efficiencies of consolidation. The rebranding and continuous enhancement of our platform is a result of our unwavering focus on prioritizing our customers' needs and addressing their challenges with innovative new solutions.
In 2024, this collaboration led to significant platform enhancements that bolster our strategic relevance and further expand our market opportunity. We introduced TruRisk Eliminate to extend our remediation capabilities beyond Patch Management. We enhanced our CyberSecurity Asset Management capabilities with patent-pending technologies to turn previously unknown internal and external-facing assets into security-managed assets in real time. We brought the MITRE ATT&CK prioritization matrix into the Qualys TruRisk Platform to uniquely predict, identify, and respond to critical risk with an attacker-centric view. With Total AI, we delivered groundbreaking new capabilities to find and secure generative AI applications and large language models. We organically unified Cloud Infrastructure Entitlement Management, CIEM, container runtime protection, Kubernetes Posture Management, SaaS Security Posture Management, and our AI-powered TruRisk Insight capabilities into our Total Cloud CNAPP platform with multi-cloud ITSM integration, strengthening our market position.
Further flexing the power of our platform, we went GA with our Enterprise Tru Risk Management solution, setting a new gold standard in the industry for proactive cyber risk management and planting the flag for organizations to operationalize a modern Risk Operations Center, ROC, at scale. In less than a quarter since going GA with ETM, we have seen strong interest with currently over 50 active prospects for POC. Our ETM solution goes beyond current Continuous Threat Exposure Management (CTEM) platforms with our ability to speak business language, effect remediation actions, and partner with cyber insurance underwriter. We believe these innovations will allow our customers to standardize on a trusted platform like Qualys, layering on top of their other existing cybersecurity solutions.
With a long track record of solving the most challenging cybersecurity challenges and challenging use cases for our customers, Qualys pioneered the cybersecurity patching category, seamlessly integrating it into our platform and bridging the gap between IT and security teams. Last year, we successfully deployed over 100 million patches with Qualys agents and, in turn, eliminated over 100 million potential incidents in our customer environment. Despite this achievement, our journey has shown that patching alone is simply not enough. That is why we introduced Tru Risk Eliminate, which revolutionizes patching by empowering organizations to isolate critical assets or implement compensating controls, protecting against zero-day vulnerabilities and misconfigurations when patches aren't available or feasible to deploy. This is a major competitive advantage, and our innovation doesn't stop there. We have recently introduced Tru Risk Uninstall as a fourth component to our Tru Risk Eliminate package.
Tru Risk Uninstall allows organizations to hunt for, detect, and uninstall end-of-life software, misuse, or unused applications, and other forms of tech debt while removing one of the most highly exploited attack paths available to adversaries with a simple click of a button. In cloud, our innovation engine continues to execute at a high level. We believe we are increasingly well-positioned to expand our share of the evolving cloud market as CISOs look to evolve risk-based approaches into multi-cloud environments as well. Advancing our competitive differentiation, we have recently brought many new capabilities into our agent and agentless Total Cloud CNAPP solution, including comprehensive attack path analysis, enhanced risk quantification leveraging our Tru Risk Insight capability, and automated no-code, low-code cloud workflow remediation.