SAN MATEO, Calif., August 15, 2018 – Exabeam, the next-gen security information and event management company, today announced that it has been ranked No. 12 overall and No. 1 in security on Inc. Magazine’s 37th annual Inc. 5000, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
Exabeam is a rapidly growing newcomer in the cybersecurity sector. After just five years in business, it is claiming a significant piece of the security information and event management (SIEM) market, with 250 percent market growth in 2017 and 300 percent growth in 2016. Plus, it is on track to more than double its market size in 2018.
The Inc. 5000 inclusion is the second major win for Exabeam this week. Just yesterday, the company announced that it has closed $50 million in Series D funding, which will be used to grow the company’s cloud portfolio, as well as sales and channels to expedite global expansion. Plus, it was recently named the 2018 Gartner Peer Insights Customers’ Choice for its SIEM software, and recently won an SC Awards Europe 2018 for Best SIEM.
The company’s mounting success can, in big part, be attributed to Exabeam’s Security Intelligence Platform (SIP), which offers superior threat identification and response capabilities and a more affordable, predictable pricing model compared to legacy SIEMs.
“It is an honor to place in the top 20 overall and to lead the security category on the Inc. 5000 list. Our goal is to systematically disrupt the SIEM space and become the next market leader. This recognition and our new round of funding are two major steps in that direction,” said Exabeam CEO Nir Polak. “Customers are taking notice of our superior technology and scalable, affordable pricing model—leading us to win deals 70 percent of the time when pitted head-to-head against Splunk, the current market leader. We look forward to another year of rapid growth and success, so we can help to secure even more organizations around the world and claim that title in the future.”
Not only have the companies on the 2018 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists. The 2018 Inc. 5000 achieved an astounding three-year average growth of 538.2 percent, and a median rate of 171.8 percent. The Inc. 5000’s aggregate revenue was $206.1 billion in 2017, accounting for 664,095 jobs over the past three years.
“If your company is on the Inc. 5000, it’s unparalleled recognition of your years of hard work and sacrifice,” said Inc. editor in chief James Ledbetter. “The lines of business may come and go, or come and stay. What doesn’t change is the way entrepreneurs create and accelerate the forces that shape our lives.”
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The annual Inc. 5000 event honoring the companies on the list will be held Oct. 17-19, 2018, at the JW Marriott San Antonio Hill Country Resort, in San Antonio, Texas. As always, speakers include some of the greatest innovators and business leaders of our generation.
The 2018 Inc. 5000 is ranked according to percentage revenue growth when comparing 2014 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2014. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of Dec. 31, 2017. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2014 is $100,000; the minimum for 2017 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue, available on newsstands Aug. 15. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
About Inc. Media
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Inc. took home the National Magazine Award for General Excellence in both 2014 and 2012. The total monthly audience reach for the brand has been growing significantly, from 2 million in 2010 to more than 18 million today. For more information, visit www.inc.com.
The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates the remarkable achievements of these companies. The event also offers informative workshops, celebrated keynote speakers, and evening functions. For more information on Inc. and the Inc. 5000 Conference, visit http://conference.inc.com/.
Exabeam provides security intelligence and management solutions to help organizations of any size protect their most valuable information. The Exabeam Security Intelligence Platform uniquely combines unlimited data collection at a predictable price, machine learning for advanced analytics, and automated incident response into an integrated set of products. The result is the first modern security intelligence solution that delivers where legacy SIEM vendors have failed. Built by seasoned security and enterprise IT veterans from Imperva, ArcSight, and Sumo Logic, Exabeam is headquartered in San Mateo, California. Exabeam is privately funded by Norwest Venture Partners, Aspect Ventures, Icon Ventures, Lightspeed Venture Partners, Cisco Investments, and investor Shlomo Kramer. Follow us on Facebook, Twitter, and LinkedIn.
*According to MarketsandMarkets, “Security Information and Event Management Market by Solutions (Log and Event Management, Firewall Security Management, Patch Management, Others) – Market Forecasts and Analysis (2014-2019),” https://www.marketsandmarkets.com/PressReleases/security-information-event-management.asp
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