Security operations provider attributes 710% revenue growth over the evaluation period to the happiness of its people and maintaining quality through exceptional growth
Press release · Cole Finch
Herndon, Va., November 18, 2022 – Expel, the security operations provider that aims to make security easy to understand, use and improve, today announced its inclusion on the Deloitte Technology Fast 500™. The ranking lists the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America. Expel’s revenue grew 710% from FY2018 to FY2021 and the company has now been included on the list for two consecutive years.
“We’re incredibly proud to be ranked on the Deloitte Technology Fast 500 list two years in a row. It validates the incredible momentum and sustainable fast growth our company has experienced in recent years,” said Dave Merkel, CEO and co-founder of Expel. “We’ve built a culture where leaders take care of our crew, our crew takes care of our customers, and the rest — well, it just works itself out. I couldn’t be prouder of our team. We’ve built an amazing platform that, along with our people, provides high-quality detection and response capabilities at scale. This combination of culture and capability will continue to drive our growth.”
Overall this year, 2022 Deloitte Technology Fast 500 companies achieved revenue growth ranging from 241% to 125,138% from 2018 to 2021, with median growth of 611%. Expel ranks 213 on the prestigious list with 710% revenue growth.
“Our mission of providing security that makes sense resonates with our target market and has contributed to our growth,” said Matt Peters, Chief Product Officer at Expel. “Not only are we effective at protecting our customers, but we also continue to get great feedback on the threat intelligence and thought leadership we publish to help strengthen the broader security community. Our most recent Quarterly Threat Report is just one example of how we turn our effective threat detection and response work into indispensable content for customers and the wider industry.”
The Expel Quarterly Threat Report (QTR) showcases the established and emerging trends and incidents the Expel security operations center (SOC) team observed across customer environments. The SOC team gathers its findings through investigations into alerts, email submissions, and hunting leads and threats from the third quarter of 2022 (July 1 to September 30). A thorough analysis of incidents identifies patterns and trends to help guide strategic decision-making and operational processes.
Expel’s placement on the Deloitte Technology Fast 500 adds to the impressive list of recent industry recognition for the company. Expel recently won a CISO Choice Award in the security operations category, a Cybersecurity Breakthrough Award in the threat detection solution category, and was named to three Best Workplaces 2022 list by Great Place to Work® and Fortune (Best Workplaces in Technology, Best Workplaces for Millennials, and Best Medium Workplaces).
Learn more about Expel’s approach to empowering security operations here.
About the 2022 Deloitte Technology Fast 500™
Now in its 28th 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 2018 to 2021.
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.
Expel helps companies of all shapes and sizes minimize business risk. Our technology and people work together to make sense of security signals—with your business in mind—to detect, understand, and fix issues fast. Expel offers managed detection and response (MDR), remediation, phishing, and threat hunting. For more information, visit our website, check out our blog, or follow us on LinkedIn or Twitter.
Matter Communications on behalf of Expel