Company Attributes 254% Revenue Growth to Continued Demand for Security and Compliance Solutions That Protect Mission-Critical Business Applications from the Core to the Cloud
Onapsis today announced that for the fourth consecutive year, it was included in Deloitte’s Technology Fast 500, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and energy tech companies in North America now in its 26th year. In a market of 3,500 plus cybersecurity companies, Onapsis’s revenue grew 254% between 2016 and 2019, earning recognition among the fastest-growing cybersecurity companies and one of the 10 highest-ranked companies based in Boston.
Onapsis continues to demonstrate strong growth due to the increasing demand for The Onapsis Platform, which delivers actionable insight, change assurance, automated governance and continuous monitoring for mission-critical business applications that run the global economy.
“Being recognized as one of the fastest-growing technology companies in the U.S. four years in a row is a huge honor for Onapsis,” said Mariano Nunez, CEO of Onapsis. “The progressive recognition from Deloitte is a testament to our ability to consistently grow and meet customer demands. This past year we continued to execute this mission with a new $55M growth round of funding that fueled our expansion into mission-critical SaaS applications, from SAP, Oracle, Salesforce, Workday and other leading SaaS application vendors. We’re now uniquely positioned to help the intelligent enterprise accelerate digital transformation initiatives with confidence for on-premises, hosted and cloud-based mission-critical applications.”
During the first half of 2020, Onapsis achieved more than 145% growth in net new annual recurring revenue, 98% existing customer retention rate and one of the industry’s highest NPS scores. Additionally, Onapsis entered a strategic partnership with SAP and The Onapsis Platform has been recognized as an SAP Endorsed App for cybersecurity and compliance. Today, Onapsis is trusted by more than 300 of the largest global enterprises, including more than 20% of the Fortune 100, to protect their cloud, hybrid and on-premises mission-critical applications.
“For more than 25 years, we’ve been honoring companies that define the cutting edge and this year’s Technology Fast 500 list is proof positive that technology — from software and digital media platforms, to biotech — truly does permeate so many facets of our lives,” said Paul Silverglate, vice chairman, Deloitte LLP and U.S. technology sector leader. “We congratulate this year’s winners, especially during a time when innovation is needed more than ever to address the monumental challenges posed by the pandemic.”
“Each year the Technology Fast 500 listing validates how important technology innovation is to our daily lives. It was interesting to see this year that while software companies continued to dominate, biotech companies rose to the top of the winners list for the first time, demonstrating that new categories of innovation are accelerating in the pursuit of making life easier, safer and more productive,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and industry leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “We extend sincere congratulations to these well-deserved winners — who all embody a spirit of curiosity, and a never-ending commitment to making technology advancements possible.”
For more information on Onapsis and its cybersecurity and compliance solutions, visit https://onapsis.com/