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OpenVPN announced that businesses are rapidly adopting the company’s next-generation virtual private network (VPN) solutions to adapt to the changes in work and adoption of cloud accelerated by the COVID-19 global pandemic. Over the past 18 months, the company, at times, experienced as much as 70 percent growth, which, according to market research firms’ projections, was four times faster than the expected market growth rates.
Adoption of its OpenVPN Cloud solution is growing even faster at 50 percent quarterly growth in monthly recurring revenue (MRR) over the last quarter. This rapid customer growth comes as businesses shifted IT priorities during the COVID-19 pandemic to best support remote workforces and accelerate digital strategies for growth, as well as expanding investment in the cloud.
OpenVPN introduced its next-gen OpenVPN Cloud solution in May 2020 to help businesses of all sizes to quickly, easily, and cost-effectively connect private networks, devices, and servers
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