Cyber Security Company Attributes Revenue Growth to Development of Leading-Edge Technology to Meet Midmarket Security Services Demand
FOR IMMEDIATE RELEASE
CAMBRIDGE, ONTARIO – November 10, 2017 – eSentire, Inc., the largest pure-play Managed Detection and Response (MDR) provider, today announced it was named one of North America’s fastest growing technology companies in the Deloitte Technology Fast 500™ awards for the third consecutive year. The Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences, and energy tech companies—both public and private—in North America. eSentire ranked #247 (up 41 spots from last year), with 391% percent revenue growth from 2013 to 2016. While accelerating its growth eSentire remains committed to its industry leading service promise.
“The Deloitte 2017 North America Technology Fast 500 winners underscore the impact of technological innovation and world class customer service in driving growth, in a fiercely competitive environment,” said Sandra Shirai, vice chairman, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. “These companies are on the cutting edge and are transforming the way we do business. We extend our sincere congratulations to all the winners for achieving remarkable growth while delivering new services and experiences for their customers.”
“Emerging growth companies are powering innovation in the broader economy. The growth rates delivered by the companies on this year’s North America Technology Fast 500 ranking are a bright spot for the capital markets and a strong indicator that the emerging growth technology sector will continue to deliver a strong return on investment,” said Heather Gates, national managing director of Deloitte & Touche LLP’s emerging growth company practice. “Deloitte is dedicated to supporting the best and brightest companies of the future in the emerging growth company sector. We are proud to acknowledge the significant accomplishments of this year’s Fast 500 winners.”
2017 Performance Highlights
Over the past year, eSentire reported strong growth across sales, client acquisition, and customer expansion. Its flagship service, eSentire Managed Detection and Response™ (eSentire MDR) is currently deployed at more than 1500 sites globally, across numerous industry verticals including legal, finance, manufacturing, healthcare, and many others. eSentire MDR leverages purpose-built technology, and highly trained security analysts to detect, investigate and rapidly resolve cyber threats in customers’ internal and cloud environments before they become business-impacting events.
In August of this year, eSentire announced a sizeable growth equity investment from global private equity firm Warburg Pincus. eSentire will use the investment to accelerate its growth by expanding its technology services to existing clients, as well as allow the company to help more organizations in new markets mitigate the risks associated with cyberattacks.
Additional highlights include:
• Recognition by Gartner as a representative vendor in its 2017 Managed Detection and Response Market Guide.
• Numerous industry awards and accolades (including SC Awards, Branham 300, Canada’s Top 100 Small and Medium Employers, and several HFM awards).
• Continued global expansion with clients located in over 44 countries.
Overall, 2017 Technology Fast 500 companies achieved revenue growth ranging from 135 percent to 59,093 percent from 2013 to 2016, with median growth of 380 percent.
“Our ranking on the Deloitte Technology Fast 500 list for the third consecutive year, proving our stronghold in the cybersecurity space, and our unwavering commitment to develop industry leading technologies and exceptional service delivery,” said J.Paul Haynes, eSentire CEO. “Our leadership position in the MDR space, combined with our recent growth equity investment from Warburg Pincus, will allow us to further propel our growth trajectory, while continuing to expand and serve the midmarket’s cybersecurity demand and needs. We are honored to be recognized on this prestigious list once again.”
About Deloitte’s 2017 Technology Fast 500™
Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2013 to 2016.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
eSentire® is the largest pure-play Managed Detection and Response (MDR) service provider, keeping organizations safe from constantly evolving cyber-attacks that technology alone cannot prevent. Its 24x7 security operations center (SOC), staffed by elite security analysts, hunts, investigates, and responds in real-time to known and unknown threats before they become business disrupting events. Protecting more than $5.7 trillion in corporate assets, eSentire absorbs the complexity of cybersecurity, delivering enterprise-grade protection and the ability to comply with growing regulatory requirements. In 2016, eSentire was named Best SME Cybersecurity Solution by SC magazine, and was included on Deloitte’s Technology Fast 500tm list. eSentire is a leader in Gartner’s 2017 Market Guide for Managed Detection and Response Services – a list of service providers that can support organizations seeking to improve their threat detection and incident response capabilities. For more information, visit www.esentire.com and follow eSentire.
Products, service names, and company logos mentioned herein may be the registered trademarks of their respective owners. All rights reserved.
MRB Public Relations for eSentire
+1 732.758.1100, x. 105
eSentire Corporate Communications