Le Lézard
Classified in: Science and technology, Business
Subject: ACC

Webroot's Market Momentum Continues with Double-Digit Growth in Fiscal Year 2018


BROOMFIELD, Colo., Sept, 12, 2018 /PRNewswire/ -- Webroot, the Smarter Cybersecurity® company, announced 12 percent annual recurring revenue (ARR) growth for its fiscal year ending on June 30, 2018, marking the company's eighteenth consecutive quarter of double-digit company growth.

Webroot logo. (PRNewsFoto/Webroot)

Webroot's business segment ARR grew by 25 percent, more than five times International Data Corporation's (IDC) compound annual growth rate of 4.7 percent for IT spending by small- to medium-sized businesses for the 2016-2021 forecast period. Webroot's consumer segment ARR grew 6 percent, 1.5 times higher than the 4.1 percent growth of worldwide security spending in the consumer security software segment, according to Gartner's Forecast: Information Security, Worldwide, 2016-2022, 2Q18 Update report published July 2018 and authored by Sid Deshpande et al., in 2018.

Key Fiscal Year 2018 Highlights:

Webroot Growth

Product Innovation in the Year

Awards

Key Quote:

Mike Potts, CEO, Webroot
"Webroot continues to achieve record growth because we deliver what the market needs?advanced, reliable cybersecurity protection that is easy to deploy and use. Small- to medium-sized companies are struggling with the ever-changing threat landscape, and in 2018 we added two new solutions?DNS Protection and Security Awareness Training?to provide essential layers of defense. Today we are number one with the top 500 MSPs. At the same time, we've leap-frogged ahead of the competition with our threat intelligence offerings, which strengthen all our solutions with advanced machine learning. The last 18 quarters of consecutive double-digit growth is a testament to the value we deliver to customers."

About Webroot
Webroot was the first to harness the cloud and artificial intelligence to protect businesses and individuals against cyber threats. We provide the number one security solution for managed service providers and small businesses, who rely on Webroot for endpoint protection, network protection, and security awareness training. Webroot BrightCloud® Threat Intelligence Services are used by market leading companies like Cisco, F5 Networks, Citrix, Aruba, Palo Alto Networks, A10 Networks, and more. Leveraging the power of machine learning to protect millions of businesses and individuals, Webroot secures the connected world. Headquartered in Colorado, Webroot operates globally across North America, Europe, and Asia. Discover Smarter Cybersecurity® solutions at webroot.com.

 

SOURCE Webroot


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