Malwarebytes, a
leading provider
of advanced endpoint protection and remediation solutions, today announced record
results from its 2020 fiscal year, demonstrating continued acceleration in
growth. The company exited fiscal 2020 with more than $190 million
in Annual Recurring Revenue (ARR). Since 2019 the company has added over 120
new employees worldwide to support this growth, bringing total headcount to
over 860. Malwarebytes is preparing for another strong fiscal year ahead by
continuing to expand its customer base, product portfolio, partnerships,
geographic footprint, workforce, and cloud platform capabilities.
"In 2019 we continued to
focus on our customers and creating a safer and more secure environment as
people and endpoint devices move between home and work. With today's dramatic
shift to remote work, this effort has now proven to be more relevant than ever
before. Last year not only did we help customers prevent and recover from
active attacks, we also collaborated with law enforcement, nonprofits and other
vendors on taking down stalkerware as part of our efforts to give back to the
greater community," said Marcin Kleczynski, co-founder & CEO of
Malwarebytes. "As we move ahead in 2020, we continue our work to make
cybersecurity easier and more effective - no matter where users are sitting -
while reducing the workloads of overburdened cybersecurity teams with a strong
emphasis on privacy and protection for business customers and consumers alike."
In 2019, Malwarebytes grew
substantially, releasing the latest version of its flagship consumer product,
Malwarebytes 4.0, which added enhanced technologies like proactive ransomware
technology, malicious website protection and anti-exploit capabilities to
quickly identify malware and scan faster than ever-all with 50 percent less
impact on computing performance. The company carried this momentum into early
2020 by revamping its partner program and launching OneView, a cloud-based operations
console that simplifies and streamlines management for managed service
providers (MSPs). In less than three months' time, Malwarebytes' partner base
has skyrocketed with more than 50 percent growth in active managed services
partners joining the program to take advantage of exclusive features and
benefits. Additionally, new API integrations with XSOAR and Azure Sentinel help
ease security orchestration for enterprise security operations centers (SOCs)
and build on Malwarebytes' strong portfolio of technology partnerships.
"The addition of our
enterprise business has helped propel our overall growth in recent years," said
Tom Fox, chief financial officer of Malwarebytes. "Both business units continue
to demonstrate solid growth and we are excited to cross the $200 million ARR
threshold this year."
Malwarebytes further
expanded its product portfolio by entering the virtual private network (VPN)
market in April with Malwarebytes
Privacy, to protect users' privacy online, and extending its key business
products to include server
specific protection. During its 2020 fiscal year, Malwarebytes detected and
blocked nearly 900M threats, running close to 635M remediations, while also
providing some of the most comprehensive threat intelligence available across
both business and consumer machines.
Malwarebytes has also built
upon its social responsibility efforts by helping professionals enter the cybersecurity
field, giving away $100,000 in scholarships to science, technology, engineering
and math (STEM) college and graduate students for the 2020-21 academic year. In
November 2019, Malwarebytes helped co-found the Coalition Against Stalkerware, an organization
dedicated to fighting applications used to track domestic violence victims
without their consent.
Customers Trust Malwarebytes
with Remediation and Malware Removal:
- Leading
industry analyst firm, G2 Crowd, recognized Malwarebytes as the top Endpoint Protection
Suite based on
user satisfaction ratings with a 97 percent satisfaction rating. The
company also secured the top position in both the Usability Index and Momentum Grid Report for endpoint protection suites
- Malwarebytes'
Endpoint Protection products achieved the highest composite score in
SoftwareReviews' annual Endpoint
Protection Quadrant Report
- Malwarebytes
was named a November 2019 Gartner Peer Insights Customers' Choice for
Endpoint Protection Platforms and a May 2020 Gartner Peer Insights Customers' Choice for
Endpoint Detection and Response
- User
reviews rated Malwarebytes 4.6 stars out of 5 on Gartner Peer Insights
for Endpoint
Protectionand 4.7 stars for Endpoint
Detection and Response
- PC Mag
gave Malwarebytes the top
score in malware detection in its latest review
- Malwarebytes
Endpoint Protection won the SC
Awards 2020 "Best SME Security Solution"
Product & Ecosystem
Expansion:
- Enhanced
its Malwarebytes
Nebula cloud platform with increased endpoint user auditability
and ability for users to conduct investigations
- Extended
existing technology partnerships with ServiceNOW, Splunk and Splunk
Phantom to include Malwarebytes endpoint protection & response
capabilities
- Launched Malwarebytes Breach Remediation with Forescout to
help businesses accelerate incident response, stop zero-day exploits, and
reduce exposure to emerging threats
- Launched
new Malware
Removal Service, enabling teams to isolate, and remediate an attack
with guidance of hands-on experts
- Deployed
two additional API integrations with Cortex XSOAR and Azure Sentinel to
help automate threat response and analysis activities
Malwarebytes Company and
Team Growth:
- Included
on the Inc. 5000 list of Fastest Growing Companies for the fifth
consecutive year
- Featured
in Deloitte's Fast 500 list for 2019 with 260 percent growth
- Promoted
industry veteran Akshay
Bhargava to the role of Chief Product Officer
- Hired
seasoned SaaS executive, Adam
Hyder, as Senior Vice President of Engineering
- Recruited Dariusz Paczuski from Verizon Media
as the new Senior Vice President of Marketing in 2020 to accelerate brand
and business growth
- Recruited
Jordan Ryan as Vice President of International Sales for EMEA and
APAC