PhishMe Reports 105% Year Over Year Growth for Q3 2015; Company Positioned to Close Year with Record Revenues
Human Phishing Defense Provider Leads Market with Record Growth of 892 Percent over the Past Three Years
LEESBURG, Va. – November 19, 2015 – PhishMe® Inc., the pioneers in human-phishing defense solutions, today reported 105 percent year-over-year growth in Q3 2015 and a trajectory to surpass $25 million in annual recurring billings. The PhishMe platform has equipped more than 15 million active users with the power to defend their organizations against phishing attacks through conditioning, phishing threat detection and reporting capabilities. As the only anti-phishing solution that readies employees to assist in the defense of their organizations through effective behavioral conditioning, PhishMe offers a complete solution including mitigation, detection, and analysis to aid response. With the recent acquisition of Malcovery Security, LLC. and its high-fidelity phishing intelligence, PhishMe has established itself as a driving force in the phishing threat management and defense market, with almost half of the Fortune 100 on its customer roster.
“Everyone is a target in today’s cyberwar climate with organizations of all sizes experiencing sophisticated phishing attacks on an on-going basis. It’s unrealistic to expect IT and Security teams to fight that battle alone using just technology,” said Rohyt Belani, CEO and co-founder of PhishMe. “The PhishMe approach focuses on human contextual awareness and enlisting all employees in the fight against malicious actors and phishing-driven data breaches. Our rapid growth is a testament to the need for the human element as part of a comprehensive security defense.”
Acquisition Demonstrates Market Commitment
In October 2015, PhishMe acquired threat intelligence firm Malcovery Security, LLC. bolstering its existing offerings to provide customers with high fidelity threat intelligence and analysis, boosting the accuracy and value of the company’s intelligence and response capabilities. The addition of Malcovery’s expert team expanded PhishMe’s already growing staff to 200 employees worldwide.
Industry Accolades Praise PhishMe Growth and Product
PhishMe recently received several respected industry accolades, including being named on the prestigious Inc. 5000 list of Fastest Growing Private Companies as well as the Deloitte Fast 500 Fastest Growing Companies in North America for its record growth of 892 percent over the past three years. In August, PhishMe was named the top security startup on the 2015 Red List, a survey-based report published by Box Chief Trust Officer, Justin Somaini. Now in its second iteration, the report evaluates security industry startups based on their value in solving enterprises’ most critical problems to provide a list of the top disruptors addressing these needs.
High-Profile Hires Enhance PhishMe C-Suite
To support rapid expansion and to meet high demand for its solutions, PhishMe bolstered its leadership with the appointment of two new C-level executives. Through acquisition, PhishMe brought in Malcovery co-founder and Chief Technologist Gary Warner as PhishMe’s Chief Threat Scientist to support the CTO and his team and provide strategic direction on PhishMe products and technology. PhishMe also appointed industry veteran Jim Hansen as Chief Operating Officer. Jim, previously the co-founder and Chief Operating Officer of Mandiant, brings to the team over 25 years of experience in guiding successful sales, operations and executive management for information security innovators, as well as in federal law enforcement and security.
PhishMe Triage Solution Gains Rapid Adoption
In spring of 2015, PhishMe launched its Triage product, an industry-first that automates workflow orchestration and analysis for employee-reported suspicious emails. Combined with PhishMe Reporter, Triage provides analysts and responders with real-time analytics, visibility, and insight into phishing attacks and other threats evading existing security controls.
“It’s exciting to watch Triage customers stop phishing in the earliest stage of the attack,” said Aaron Higbee, CTO and Co-Founder. “We’ve taken the “human is the weakest-link” rhetoric and turned it on its head. This is just the beginning. With every new deployment, the ecosystem gets stronger.”
Once deployed, the Triage impact is virtually instant, with many organizations detecting attacks in progress a few days after installation.
To learn more about PhishMe’s market momentum and human-powered, phishing defense offerings, visit https://cofense.com.
Connect with PhishMe
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- Follow PhishMe on LinkedIn: https://www.linkedin.com/company/phishme-inc-
PhishMe® is the leading provider of human-focused phishing defense solutions for organizations concerned about their susceptibility to today’s top attack vector – spear phishing. PhishMe’s intelligence-driven platform turns employees into an active line of defense by enabling them to identify, report, and mitigate spear phishing, malware, and drive-by threats. Our open approach ensures that PhishMe integrates easily into the security technology stack, demonstrating measurable results to help inform an organization’s security decision making process. PhishMe’s customers include the defense industrial base, energy, financial services, healthcare, and manufacturing industries, as well as other Global 1000 entities that understand changing user security behavior will improve security, aid incident response, and reduce the risk of compromise.