{"id":2678,"date":"2020-07-15T00:00:00","date_gmt":"2020-07-15T07:00:00","guid":{"rendered":"https:\/\/www.malwarebytes.com\/press\/?p=2678"},"modified":"2023-09-21T13:36:32","modified_gmt":"2023-09-21T13:36:32","slug":"malwarebytes-reports-record-growth-in-annual-recurring-revenue-expanding-customer-focused-product-portfolio-in-2020-fiscal-year","status":"publish","type":"post","link":"https:\/\/www.malwarebytes.com\/press\/2020\/07\/15\/malwarebytes-reports-record-growth-in-annual-recurring-revenue-expanding-customer-focused-product-portfolio-in-2020-fiscal-year","title":{"rendered":"Malwarebytes Reports Record Growth in Annual Recurring Revenue, Expanding Customer-Focused Product Portfolio in 2020 Fiscal Year"},"content":{"rendered":"\n

Leader in advanced endpoint protection & remediation solutions accelerates growth with cloud advancements, managed service partner engagement, new products, and industry integrations<\/em><\/p>\n\n\n\n

Santa Clara, Calif. \u2013 July 15, 2020 \u2013<\/strong> <\/strong>MalwarebytesTM<\/sup><\/a>, a leading provider of advanced endpoint protection and remediation solutions, today announced record results from its 2020 fiscal year, demonstrating continued acceleration in growth.\u00a0 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.<\/p>\n\n\n\n

\u201cIn 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\u2019s 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,\u201d said Marcin Kleczynski, co-founder & CEO of Malwarebytes. \u201cAs we move ahead in 2020, we continue our work to make cybersecurity easier and more effective \u2013 no matter where users are sitting \u2013 while reducing the workloads of overburdened cybersecurity teams with a strong emphasis on privacy and protection for business customers and consumers alike.\u201d<\/p>\n\n\n\n

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\u2014all 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\u2019 time, Malwarebytes\u2019 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\u2019 strong portfolio of technology partnerships.<\/p>\n\n\n\n

\u201cThe addition of our enterprise business has helped propel our overall growth in recent years,\u201d said Tom Fox, chief financial officer of Malwarebytes. \u201cBoth business units continue to demonstrate solid growth and we are excited to cross the $200 million ARR threshold this year.\u201d<\/p>\n\n\n\n

Malwarebytes further expanded its product portfolio by entering the virtual private network (VPN) market in April with Malwarebytes Privacy<\/a>, to protect users\u2019 privacy online, and extending its key business products to include server specific protection<\/a>. 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.<\/p>\n\n\n\n

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<\/a>, an organization dedicated to fighting applications used to track domestic violence victims without their consent.<\/p>\n\n\n\n

Customers Trust Malwarebytes with Remediation and Malware Removal:<\/strong><\/strong><\/p>\n\n\n\n