ManagedMethods Increases Revenue by 141 Percent in the First Half of 2019
Growth Powered by a Significant Rise in Customer Count and Commercial Market Expansion
ManagedMethods, a leading provider of cloud application security solutions, announced revenue growth of 141 percent in the first half of 2019 compared to the second half of 2018. ManagedMethods also grew its staff by 66 percent to support continued expansion in the K-12 education market and the commercial market.
ManagedMethods’ mission is to secure the sensitive personal information and financial futures of tens of millions of school children, businesses with big ideas, and people working hard to make our communities a safer place. ManagedMethods empowers these organizations with continuous visibility and control across cloud applications, and the data stored in them, with no delays or impact on end-users.
“We continue to see increased adoption of our cloud application security solution from new customers, but also among our existing customers. It’s a testament to the hard work our team has accomplished in building a truly valuable product,” said Charlie Sander, Chairman and Chief Executive Officer of ManagedMethods. “As cyber threats continue to evolve and become more difficult to detect, we look forward to continuing to protect our customers’ data, cloud applications and assets and their businesses.”
Driven by growing demand for cloud application security, the first half of 2019 also brought ManagedMethods the following achievements:
- Industry Recognition:ManagedMethods received nine awards in the first half of 2019, including a winner in five categories in the 2019 Cybersecurity Excellence Awards, a 2019 InfoSec Award for Best SaaS Cloud Security Product, a 2019 EdTech Breakthrough Award win for Best Overall IT Solution and more.
- Industry.Partnerships:ManagedMethods earned a partner certification with Google for Education, became iKeepSafe FERPA, COPPA and CSPC certified, and developed a strategic partnership with Cylance for enhanced endpoint protection for cloud applications.
- Growing Customer Base:ManagedMethods added new customers including Northside Independent School District, New Wave Entertainment, Callais Capital Management, and OralEye. Additionally, ManagedMethods has renewed its partnership with Kroenke Sports & Entertainment and St. Vrain Valley School District.