SAN JOSE, Calif.--(BUSINESS WIRE)--Malwarebytes™, the cybersecurity software company that prevents and remediates malware for both people and businesses, today announced that annualized billing has surpassed $100 million, with a corporate sales growth rate of more than 100 percent and while generating positive cash flow.
“In the last year, Malwarebytes has grown and matured in unprecedented fashion,” said Marcin Kleczynski, CEO, Malwarebytes. “We are best known for our consumer products but our fastest growth area is in enterprise, where companies have realized that ’removal and remediation’ must be a part of your security arsenal.”
In 2015, the Malwarebytes product line expanded to include purpose-built business products that now protect thousands of small, midsized and enterprise businesses worldwide. “The success of Malwarebytes Anti-Malware for Business, Malwarebytes Anti-Exploit for Business and Malwarebytes Endpoint Security products has driven our billing run-rate to over $100m and revenue up well over 100 percent,” said Mark Harris, CFO, Malwarebytes. “Our corporate billing base continues to grow by more than 100 percent, whilst enterprise account sales are growing even faster. As a result, our average deal size has increased by over 75 percent.”
“Such is the high demand for Malwarebyte’s products that the company continues to grow while remaining cash flow positive. This will be our 31st cash positive quarter in a row, a rarity for a company growing as fast as we are,” continued Harris.
Kleczynski expects even higher growth in enterprise sales as larger and larger businesses continue to turn to Malwarebytes’ innovative approach to security and malware removal, and Malwarebytes responds by investing even further in products, sales and support, specifically for these enterprise customers.
“Small- and midsized businesses (SMBs) knew they could never protect against everything, and that their antivirus solutions would fail at points,” said Kleczynski. “Large enterprise Chief Information Security Officers are turning to Malwarebytes as they shift to a “we are already compromised” mindset and look to solve the problem of malware on their networks quickly and effectively. Malwarebytes allows them to go ‘malware hunting’, drastically reduce dwell time, and then resolve the problem. Now they can also increase their security with our award winning protection products.”
In 2015, downloads of Malwarebytes products surpassed 500 million. Collectively detecting more than 500,000 infections per hour, the solutions have removed more than five billion pieces of malware and saved more than 750 million IT hours. Distributed globally, Malwarebytes now has more than 30 million active users.
Brief summary of Malwarebytes top achievements since January 1, 2015:
- Announces Malwarebytes Anti-Malware for Mac, the company’s first product dedicated to previously underserved Mac users
- Recognized by Inc. as one of the Fastest Growing Private Companies in the US
- Named by Forbes in 2015 as one of the Most Promising Companies in the US
- Earns a spot on Deloitte 2015 Technology Fast 500 again
- Opens EMEA headquarters in Cork and launches major push into EMEA enterprise market
Malwarebytes provides software designed to protect consumers and businesses against malicious threats that consistently escape detection by other antivirus solutions. Malwarebytes Anti-Malware Premium, the company’s flagship product, employs a highly advanced behavior-based detection engine that has removed more than five billion malicious threats from computers worldwide. In 2015, Malwarebytes launched its news business suite of products - Malwarebytes Anti-Malware for Business; Malwarebytes Anti-Exploit joined Anti-Malware Premium for Business and Malwarebytes Endpoint Security.
Malwarebytes products were recognized as a finalist in the 2015 SC Magazine Excellence Awards for outstanding leadership and achievement in information security. Specifically, Malwarebytes Anti-Exploit was recognized in the Best Vulnerability Management Category.
Founded in 2008, Malwarebytes is headquartered in California and operates offices in Estonia and Ireland as well as employing a global team of researchers and experts. The Malwarebytes team will total over 300 people by end 2015. In the past year, the company has been recognized as one of the “fastest growing” and “most promising” by organizations such as Inc. and Forbes respectively. Additionally, Malwarebytes was recently named to the Deloitte Technology Fast 500 and the Silicon Valley Business Journal ranked the company 18th on their list of top 50 fastest growing private companies.
About Marcin Kleczynski
Malwarebytes reflects the operating philosophy of its founder and CEO Marcin Kleczynski: to create the best disinfection and protection solutions to combat the world’s most harmful Internet threats. Marcin has been named to the 2015 Forbes 30 Under 30 Rising Stars of Enterprise Technology list and the Silicon Valley Business Journal’s 40 Under 40 award, adding those to a 2014 Ernst & Young Entrepreneur of the Year Award.
For more information, please visit us at www.malwarebytes.org.