Company Adds Significant Customers to Roster and Makes Strategic Research Hires Amid GrowingDemand for Effective Mobile Threat Protection
SAN FRANCISCO–Appthority, the global leader in enterprise mobile threat protection, today announced details of its strong fourth quarter and year-over-year performance, increased demand for mobile threat protection, and strategic additions to its research team.
The company experienced strong growth of more than 282 percent quarter-over-quarter and 117 percent year-over-year. Appthority’s financial growth stems from expansion within and additions to its current customer base. The company added significant new customers in financial services, energy and utilities, consumer packaged goods and pharmaceuticals – including two new Fortune Global 200 companies – during the fourth quarter.
“Mobile use is now ubiquitous in today’s enterprises and our impressive growth this quarter affirms the need for effective enterprise mobile threat protection,” stated Paul Stich, CEO of Appthority. “As the number of mobile devices increases, it is imperative that organizations proactively protect their data and user privacy to prevent a costly breach. Appthority is committed to delivering market leading mobile security solutions through best-in-class threat detection, enterprise integrations and workflows, and ongoing Enterprise Mobile Threat Research.”
The company’s expansion also included the appointment of strategic new research hires to its Mobile Threat Team, responsible for researching active and potential threats to enterprises across a broad array of mobile threat vectors. Appthority’s most recent Enterprise Mobile Threat Research examined the impact of Apple’s App Transport Security (ATS) data encryption requirements on apps in the enterprise, captivating developers and enterprises as they prepared for the mandate.
The quality of its research and its rapid inclusion of threat intelligence into its product is one of the reasons Appthority boasts a 98 percent customer renewal rate year after year. “Appthority definitely showed its value with the DressCode malware and the immediate response we received from their team about it,” said one customer, a telecommunications company that ranks among Forbes Global top 20. “We found a user with one of the infected apps which would have caused havoc if they had gone on the intranet or used their VPN. If we didn’t have Appthority, we’d be in trouble.”
Appthority is a pioneer in enterprise mobile security and the leader in the Mobile Threat Defense category. The company’s comprehensive Mobile Threat Protection solution helps customers keep their data private and secure from mobile device, app and network threats. More Fortune 1000 companies trust Appthority to secure their enterprises from mobile threats because Appthority delivers best-in-class mobile threat protection and unparalleled enterprise visibility and control of mobile risks. With Appthority, security teams are informed, employees are productive and enterprise data is kept private and secure. Learn more at www.appthority.com.
Finn Partners for Appthority
Jenna Finn, +1-415-249-6777