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Company Protects More Than 260,000 Businesses Worldwide
BROOMFIELD, Colo., March 1, 2018 /PRNewswire/ -- Webroot, the Smarter Cybersecurity® company, 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:
Cybersecurity Research Findings
Mike Potts, CEO of Webroot
"Our four years of consecutive double-digit growth highlight the demand for our solutions as businesses and consumers face an increasingly complex landscape of cybersecurity threats. Our momentum further validates that Webroot has the most sophisticated threat intelligence engine in the industry, integrated with leading technology partners. We look forward to working with our customers, partners, and the community to build on this success as we accelerate our business."
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.
©2018 Webroot Inc. All rights reserved. Webroot, SecureAnywhere, Webroot SecureAnywhere, Webroot BrightCloud, BrightCloud, and Smarter Cybersecurity are trademarks or registered trademarks of Webroot Inc. in the United States and other countries. All other trademarks are properties of their respective owners.
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