SANTA CLARA, Calif.--(BUSINESS WIRE)--Malwarebytes™, the cybersecurity software company that prevents and remediates malware for both people and businesses, today announced record renewals, continued large enterprise adoption and strong billings across all regions for fiscal Q1 2016, which ended April 30. In addition, the company added experienced industry leaders to board and executive positions to foster future billings growth.
Following a quarter in which Malwarebytes achieved an annualized billing rate surpassing $100 million, the company today reported continued strong growth in overall sales, with Q1 2016 sales increasing 75 percent over the comparable quarter in 2015. Overall growth was spurred by a 90 percent increase in the corporate subscription base paired with record renewals for both consumer and corporate customers.
Company executives also cited the successful launch of the Malwarebytes Breach Remediation solution as a key factor driving the near 3X increase in the largest enterprise deals.
“Enterprises continue to see the value and unique benefit of Malwarebytes solutions, and that is reflected in our earnings growth,” said Marcin Kleczynski, CEO, Malwarebytes. “Malwarebytes Breach Remediation identifies and remediates all of the threat traces and malware fragments to eliminate the possibility of new cyber attacks or lateral movements that capitalize on leftover malware traces. This dynamic step forward is embraced by IT departments that want to save time, energy and man hours hunting for malware on endpoints.”
Through innovative products, including the Malwarebytes Endpoint Security platform and the signature-less Malwarebytes Anti-Exploit for Business solution, the company continues its march into enterprise security installations. The platform now also offers Mac versions of its remediation technology for those businesses that run Apple OS X.
“Growth in our corporate subscription base surpassed our consumer subscription growth for the first time in company history,” said Mark Harris, Chief Financial Officer, Malwarebytes. “This is dynamic proof of the growing adoption of Malwarebytes Endpoint Security platform by corporations. This is further supported by a tripling of our corporate sales funnel going into our fiscal second quarter, versus the same period in 2015.”
In addition to reporting the record financial quarter, Malwarebytes also plans to announce the hiring of a Chief Information Security Officer this week. The new role in Malwarebytes will be filled with an expert possessing close to 20 years of experience in advanced information, infrastructure, web and application security, as well as risk management, network engineering and design experience.
Malwarebytes continues to build an executive team and board with deep enterprise software experience. In the last quarter, Malwarebytes appointed Brooke Seawell, venture partner, NEA, and Justin Somaini, Chief Security Officer at SAP, to the Malwarebytes Board of Directors, strengthening the company’s roster of advisors with extensive enterprise and business professional acumen.
Other Q2 2016 highlights include:
- Malwarebytes to open UAE operations, launch channel play to serve large market opportunity in the Middle East
- Malwarebytes hires former Westcon executive Christopher Green to lead Middle East expansion
wins three 2016 Stevie Awards, named one of the most innovative and
fastest growing tech companies of the year
- Marcin Kleczynski, CEO awarded Silver Stevie Award for Executive of the Year - Computer Software (up to 500 employees)
- Malwarebytes awarded Gold Stevie Award for Most Innovative Tech Company of the Year (Under 2,500 employees)
- Malwarebytes earns Gold Stevie Award for Fastest Growing Tech Company of the Year (Under 2,500 Employees)
- Malwarebytes Enterprise Endpoint Protection Platform to include Mac OS X and forensics capabilities
Malwarebytes protects consumers and businesses against dangerous threats such as malware, ransomware, and exploits that escape detection by traditional antivirus solutions. Malwarebytes Anti-Malware, the company’s flagship product, has a highly advanced heuristic detection engine that removed more than five billion malicious threats from computers worldwide. More than 10,000 SMBs and enterprise businesses worldwide trust Malwarebytes to protect their data. Founded in 2008, the company is headquartered in California with offices in Europe, and a global team of researchers and experts. For more information, please visit us at https://www.malwarebytes.com/.
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 was recently named “CEO of the Year” in the Global Excellence awards and 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.
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