Webroot, the market leader in next-generation endpoint security and cloud-based collective threat intelligence, today announced double-digit year-over-year bookings growth for both the quarter and the fiscal year ending June 30, 2016. The company’s business segment bookings grew at 36 percent for the year, and the consumer segment at 11 percent. Rapid adoption of Webroot cybersecurity solutions by managed service providers (MSPs), an expanding network of strategic partners integrating Webroot threat intelligence, and growing market share in the consumer segment drove record results for the year.
“We continue to achieve record growth thanks to our effectiveness in threat protection and strong partnerships with service providers who introduce Webroot to millions of new customers every year,” said Dick Williams, Webroot CEO. “Our cloud security platform enables us to rapidly innovate new cybersecurity solutions to protect against today’s most malicious threats, and then we leverage partnerships to get those innovations to market with speed and efficiency. No other company in this space comes close to our track record of innovation and profitable growth.”
Service Provider Focus Fuels International Business Expansion
Webroot added over 2,000 MSP customers in the past year, bringing the total to over 6,000. MSPs are rapidly adopting Webroot SecureAnywhere® Business Endpoint Protection because the cloud-based service is easy to deploy and manage, offers state of the art malware defense, and enables them to build a highly scalable and profitable services business. Thanks to these benefits, MSPs and industry-leading distributors, such as Exeed Limited, Distology, DNA Connect, Mitsui Bussan Secure Direction (MBSD), and NinjaMSP, chose Webroot during the year.
Webroot also expanded its relationships with leading RMM (remote monitoring and management) providers. With Greater Intell, the company integrated Webroot SecureAnywhere® Business Endpoint Protection with Kaseya VSA (Virtual System Administrator) and made Webroot available to over 10,000 Kaseya customers, representing over 10 million endpoints worldwide.
New Strategic Security Partnerships Leverage Threat Intelligence
In the past year, Webroot added new partners and extended existing relationships with companies that integrate Webroot BrightCloud® Threat Intelligence services into their offerings. Through MSPs and security partnerships, Webroot solutions now protect over 120,000 businesses.
Growth included a partnership with Citrix to complement its powerful NetScaler ADC platform with the Webroot BrightCloud® IP Reputation Service, helping users uncover malicious IP addresses within their IT infrastructure. DenyAll also enhanced its web application firewalls with BrightCloud IP Reputation data to detect and block malicious incoming IPs. To protect critical IoT systems against rootkits and other advanced persistent threats, Lynx Software partnered with Webroot and combined its IoT security with LynxSecure Hypervisor.
These firms join Cisco, Aruba, F5 Networks, Palo Alto Networks, and other industry leaders who rely on Webroot threat intelligence to defend their customers against the most sophisticated cyber threats.
Growing Share in Consumer Cybersecurity
With 11 percent consumer bookings growth in the fiscal year, Webroot significantly out-performed the consumer security software market, which declined at -5.9 percent in 2015, according to Gartner. By expanding its market share and adding more than 5.2 million new home users, Webroot maintained its number one retail position in North America for cybersecurity.
Webroot’s commitment to innovation and customer success led to a number of industry accolades throughout the year. Webroot SecureAnywhere® AntiVirus was again honored with the PC Magazine Editors’ Choice, scoring 4.5 out of 5 stars and making this the company’s 18th award with the publication. The Computing Vendor Excellence Awards also selected Webroot SecureAnywhere Business Endpoint Protection as the 2016 Best Endpoint Security.
Additionally, Webroot advanced the industry’s understanding of the latest cyber threats with the release of the Webroot 2016 Threat Brief. The report revealed 97 percent of malware is unique to a specific endpoint, rendering signature-based security virtually useless. Webroot also released the results of its SMB Threat Brief, “Are Organizations Completely Ready to Stop Cyberattacks?”, which revealed that many small to medium sized businesses (SMBs) feel they lack the resources to protect themselves against malware attacks. Both reports show that countering these threats requires Webroot’s singular approach that leverages advanced, behavior-based techniques and up-to-the-second threat intelligence to detect attacks.