Demand for Smarter Cybersecurity™ Solutions Drives Strong Growth for Webroot in Third Fiscal Quarter

BROOMFIELD, CO. – May 5, 2016 – Webroot, the market leader in next-generation endpoint security and cloud-based collective threat intelligence, today announced double-digit year-over-year bookings and revenue growth in its third fiscal quarter, ending March 31, 2016. The addition of new customers, breakthrough product introductions for threat intelligence, and expansion of Webroot’s strategic partner network resulted in the company’s seventh sequential quarter of bookings growth.
 
New Business Momentum 
Strong company momentum in the quarter included 36 percent growth in business bookings and 9 percent in consumer bookings. Webroot significantly out-performed the business security software market which grew at only 3.7% in 2015, and the consumer security software market which declined at -5.9%, both according to Gartner. Webroot is profitable and added substantially to cash reserves in its third fiscal quarter.
 
"We achieved another quarter of strong growth and profitability," said Dick Williams, Webroot CEO. "With over 100,000 business customers and a rapidly growing network of service providers, we are the proven choice for next-generation endpoint security. The expansion of our leading security vendor partnerships also demonstrates that Webroot’s cloud-based collective threat intelligence services are the gold standard in the industry. Webroot’s growth trajectory continues because customers and partners trust our Smarter Cybersecurity approach."
 
Full press release here.