Webroot announced double-digit year-over-year annual recurring revenue growth for the second quarter of its 2018 fiscal year, which ended December 31, 2017. This marks the sixteenth consecutive quarter of double-digit, year-over-year revenue growth for the company.
Webroot’s business segment grew by 31 percent, more than 5 times the 6 percent growth analyst firm Radicati tracks as the annual growth rate for business endpoint security solutions worldwide.
In the consumer segment, Webroot grew by 4 percent year over year, which according to Webroot’s calculations is 2.6 times the pace of worldwide security spending in the consumer security software segment. According to Gartner’s Forecast: Information Security, Worldwide, 2015-2021, 4Q17 Update report published February 2018 and authored by Ruggero Contu et al, that pace is estimated at 1.5 percent CAGR 2016-2021.
Key Q2 2018 Highlights:
Webroot Growth
- Webroot added nearly 1,000 managed service providers (MSPs) in Q2, bringing its total number of MSP partners to over 11,200.
- The company increased the number of businesses it protects by 20,000 this quarter. In total, Webroot protects more than 260,000 businesses worldwide.
- Webroot announced its new Security Awareness Training platform, which MSPs use to help clients reduce security risks through end-user training and phishing simulation. The solution is purpose built for MSPs, allowing them to deploy high quality content, easily, through the same console used to manage their other Webroot solutions.
- Following a year of enhancements, Webroot deployed Threat Hunting for BrightCloud Web Classification and Reputation in December 2017. Since the deployment, Webroot significantly increased its malicious URL coverage and is continuing to add hundreds of thousands of new malicious URLs daily. These results are another validation point for leveraging sophisticated machine learning on a massive scale to dramatically improve security for Webroot’s endpoint and embedded technology partners.
- Webroot signed six new embedded security partner contracts in Q2 including CloudPost and Dojo.
- Webroot announced its partnership with Centripetal Networks. The company will utilize Webroot’s BrightCloud IP Reputation Service to dynamically update its real-time, correlated threat intelligence feed every few minutes to drastically reduce the time to threat detection and intelligence-powered prevention.
- Pulseway, the leading provider of mobile-first, cloud-first remote monitoring and management (RMM) software, announced an integration with Webroot which gives Pulseway customers more choice to remotely manage endpoint security across their entire network.
Read the Full Press Release here!