Company boasts over 1,000 enterprise customers and over 100% growth in revenue and headcount in 2015. Company completes integration with ThreatSim to create market leading security education solution.
Pittsburgh, PA – March 15, 2016 – Wombat Security Technologies (“Wombat”), the leading provider of SaaS-based cyber security awareness and training solutions, today announced that the company posted more than 900% three-year revenue growth, with greater than 100% increase in orders, revenue and headcount in 2015, compared to the prior year. Wombat’s growth has continued to accelerate in the first quarter of 2016 driven by rapid new customer adoption of its differentiated, innovative, and proven product platform, which currently helps more than 1,000 enterprise organizations change employee behavior to dramatically reduce the risk of a cyber-attack.
“Employee awareness and education plays a critical role in preventing a range of cyber-attacks, which continue to increase in volume and sophistication,” said Joe Ferrara, President and CEO of Wombat. “We had another record year in 2015 and have seen growth accelerate in the first quarter of 2016. As we continue to expand our security education solutions, we are committed to providing our customers with the tools they need to change employee behavior and reduce risk within their organizations.”
Awards and Research
Already this year, Wombat has been recognized by these award programs:
In addition, independent research by Ponemon Institute and the Aberdeen Group found that Wombat’s Continuous Training Methodology has produced up to a 50x ROI as well as 60% reduction in enterprise risk.
About Wombat Security Technologies
Wombat Security Technologies provides information security awareness and training software to help organizations teach their employees secure behavior. Their SaaS-based cyber security education solution includes a platform of integrated broad assessments, as well as a library of simulated attacks and brief interactive training modules. Wombat's solutions help organizations reduce successful phishing attacks and malware infections up to 90%. Wombat, recognized by Gartner as a leader in the Magic Quadrant for Security Awareness Computer-Based Training Vendors, is helping Fortune 1000 and Global 2000 customers in industry segments such as finance and banking, energy, technology, higher education, retail and consumer packaged goods to strengthen their cyber security defenses.