CAMBRIDGE, ONTARIO – November 15, 2018 – 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, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences, and energy tech companies in North America, for the fourth consecutive year. eSentire ranked #254, with 349 percent revenue growth from 2014 to 2017.
Additionally, eSentire was presented the Deloitte Technology Fast 50™ Leadership award for its effective management and market attractiveness in a high-growth, competitive market. Deloitte Technology Fast 50 Leadership Award winners are selected by a judging panel based on four key criteria: competitive advantage; growth and market attractiveness; management effectiveness and organization; and financial performance. Leadership Award winners demonstrate innovation, leadership and dominate in their sector to join the ranks of other Canadian global leaders.
To qualify for the Leadership Award, candidates must be headquartered in Canada and devote a significant portion of their operating revenues to creating proprietary technology or intellectual property.
“We’re pleased to be recognized on the Deloitte Technology Fast 500 list for the fourth consecutive year, once again proving our unwavering commitment to rapid company growth and continued technological innovation, delivering advanced cybersecurity solutions and protection to our customers,” said Kerry Bailey, eSentire CEO. “The Fast 50 Leadership award recognition is a testament to the smart work of our dynamic team that remains focused on evolving and leading the high growth MDR space.”
2018 Performance Highlights
Throughout 2018, eSentire saw strong growth across sales, client acquisition, and customer expansion, while continuing the evolution of its MDR platform by integrating security analyst expertise and new technology.
In February of this year, eSentire announced the appointment of former CEO and president of Terremark (a Verizon company) Kerry Bailey as CEO to lead eSentire into its next stage of growth. Additional executive leadership additions included Chris Gesell as CMO, James Yersh as CAO and Brett Davis as EVP of global sales.
In October, eSentire announced the acquisition of Seattle-based AI company Versive, Inc. The strategic move allows eSentire to continue evolving its MDR platform with advanced artificial intelligence capabilities that delivers the scalability, automation and speed that modern organizations demand, without sacrificing quality.
In tandem with the acquisition, eSentire announced senior leadership appointments of former Versive executives Dustin Rigg Hillard as CTO, Ashley Fidler as VP of product and Matthew Vanderzee as VP of engineering.
Additional highlights from 2018 include:
- Continued global expansion with more than 700 customers located in over 40 countries. Its flagship service, eSentire Managed Detection and Response™ (eSentire MDR) is currently deployed in more than 1,900 sites and monitored endpoints ranging from 50 up to 50,000 units per site across numerous industry verticals including legal, finance, manufacturing, healthcare and many others.
- Maintaining a 98% customer retention rate.
- New technology partnerships with Cyxtera and Sumo Logic.
- New product launches: esLOG, Rapid Assist andMalicious Activity Assessment.
- Recognition by Gartner as a representative vendor in its 2018 Managed Detection and Response Market Guide.
- Numerous industry awards and accolades: eSentire was named to CRN’s MSP 500, Cybersecurity Ventures’ Cybersecurity 500, Canada’s Top 100 Small and Medium Employers, Branham 300 and Waterloo Area’s Top Employers lists.
About the Deloitte Technology Fast 50:
The Deloitte Technology Fast 50 program is Canada’s pre-eminent technology awards program. Celebrating business growth, innovation and entrepreneurship, the program features three distinct categories including the Technology Fast 50 Ranking, Companies-to-Watch Awards (early-stage Canadian tech companies with the potential to be a future Deloitte Technology Fast 50 candidate) and the Leadership Awards (companies that demonstrate technological leadership and innovation within the industry.) Program sponsors include Deloitte, 3C Innovation, BCF Business Law, Bank of Montreal, Bennett Jones, CBRE, First West Capital and OMERS Ventures. For further information, visit www.fast50.ca.
About Deloitte’s 2018 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 2014 to 2017.
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.
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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 AUM in the financial sector alone, eSentire absorbs the complexity of cybersecurity, delivering enterprise-grade protection and the ability to comply with growing regulatory requirements. For more information, visit www.esentire.com and follow @eSentire.
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