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WATERLOO and SEATTLE – November 7, 2019 – eSentire, Inc., the global leader in Managed Detection and Response (MDR), today announced that for the fifth consecutive year, the company has been 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 now in its 25th year. eSentire ranked #475, with 182 percent revenue growth from 2015 to 2018.
Kerry Bailey, CEO, eSentire said: “In a world that is driven by digital transformation, where traditional cybersecurity models are failing and cybersecurity is unequivocally a business imperative, eSentire’s Managed Detection and Response offers a modern approach to operate in today’s modern digital world. We detect threats in seconds and respond in minutes, all powered by a winning combination of AI, machine learning and cybersecurity expertise. We are pleased to be recognized on the Deloitte Technology Fast 500 list for the fifth consecutive year, a testament to our ongoing market growth and commitment to safeguarding our customers’ businesses from known and unknown threats.”
2019 Highlights
In January 2019, eSentire announced the availability of Managed Endpoint Defense, powered by Carbon Black™, a leading provider in next-generation endpoint security delivered via the cloud.
The company announced an additional USD $47 million in funding led by majority investor Warburg Pincus and minority investors Georgian Partners and Edison Partners in March 2019. eSentire also announced a new state-of-the-art 65,000 square-foot global headquarters, located in Waterloo, Ontario.
In April 2019, eSentire announced it achieved a year-over-year global growth of 50 percent, with 40 percent growth attributed to channel bookings in 2018. The company also announced an award-winning partner program and notable industry recognition, all positioning the company for further scale, productivity and ongoing dominance in the global MDR market.
eSentire's Managed Vulnerability Service was launched in May 2019, providing customers with comprehensive risk identification and prioritization with unmatched accuracy across traditional enterprise IT assets. The service introduced new co-managed abilities to customers on a new platform in partnership with Tenable.
In July 2019, eSentire was included as a Representative Vendor in Gartner’s 2019 Market Guide for Managed Detection and Response Services. According to Gartner, market demand for MDR services continues to climb and expects that “by 2024, 40% of midsize enterprises will use MDR as their only managed security service.” This prediction of growth is underscored by the fact that “Gartner observed a 35% growth in inquiries on the topic over the last 12 months and estimates the market grew 15% year over year to approximately $500 million in 2018.”
Two new patents from the U.S. Patent & Trademark Office (USPTO) were secured by the company in September 2019. These latest patents further demonstrate eSentire’s innovation in detecting and responding to relevant threats in the modern digital landscape with the ever-increasing scale of distributed data and an expanding threat surface.
For more information about eSentire Managed Detection and Response, visit here: https://www.esentire.com/capabilities/
About Deloitte’s 2019 Technology Fast 500™
Now in its 25th year, 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 2015 to 2018.
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 $US50,000, and current-year operating revenues of at least $US5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
About Deloitte
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.
About eSentire:
eSentire, Inc., the global leader in Managed Detection and Response (MDR), keeps 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 $6 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.