Attributes 861% revenue growth to strong uptick in demand for cloud-native security operations across all market sectors
EDEN PRAIRIE, MN, Nov. 18, 2021— Arctic Wolf®, a leader in security operations, today announced it ranked 159th on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 27th year. Arctic Wolf grew 861% from 2017 to 2020.
Arctic Wolf’s chief executive officer, Nick Schneider, credits a strong uptick in enterprise demand for security operations technology and a rapidly expanding global footprint with the company’s 861% revenue growth. He said, “Modern businesses, from enterprise to SMB, need security operations in order to effectively mitigate the evolving threat landscape. We are excited to be recognized for our durable growth and rapid customer acquisition and look forward to continuing to provide the unified security operations experience to customers across the globe.”
Arctic Wolf previously ranked 104 as a Technology Fast 500™ award winner for 2020, and recently ascended to a Leadership position on the IDC MarketScape: U.S. Managed Detection and Response Services for 2021. Being named to the prestigious list for the third-consecutive year underscores Arctic Wolf’s continued commitment to delivering cloud-native security operations at scale.
Arctic Wolf’s Security Operations Cloud is built on an open XDR architecture and has scaled to ingest, parse, enrich, and analyze more than 1.6 trillion security events and 1.3 petabytes of data each week from more than one million licensed users at 2,300 global customers. Just this year, the company closed a $150M Series F round of funding at a valuation of $4.3 billion on the heels of its first major global expansion to EMEA.
Overall, 2021 Technology Fast 500™ companies achieved revenue growth ranging from 212% to 87,037% from 2017 to 2020, with median growth of 521%.
About the 2021 Deloitte Technology Fast 500™
Now in its 27th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, 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 2017 to 2020.
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 US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
About Arctic Wolf:
Arctic Wolf® is the global leader in security operations, delivering the first cloud-native security operations platform to end cyber risk. Powered by threat telemetry spanning endpoint, network, and cloud sources, the Arctic Wolf® Security Operations Cloud ingests and analyzes more than 1.6 trillion security events a week across the globe, enabling critical outcomes for most security use cases and optimizing customers’ disparate security solutions. Now deployed to more than 2,300 customers worldwide, the Arctic Wolf® Platform delivers automated threat detection and response at scale, and empowers organizations of any size to establish world-class security operations with the push of a button.
© 2021 Arctic Wolf Networks, Inc., All Rights Reserved. Arctic Wolf, Arctic Wolf Platform, Arctic Wolf Managed Detection and Response, Arctic Wolf Managed Risk, Arctic Wolf Managed Cloud Monitoring, Arctic Wolf Managed Security Awareness, and Arctic Wolf Concierge Security Team are either trademarks or registered trademarks of Arctic Wolf Networks, Inc. or Arctic Wolf Networks Canada, Inc. and any subsidiaries in Canada, the United States, and/or other countries.
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.