ANNOUNCING THE CYBERSECURITY 500 LIST FOR Q2 2015
FireEye Tops List of the World’s Hottest and Most Innovative Cybersecurity Companies for Second Consecutive Quarter
Menlo Park, Calif. – Apr. 6, 2015
Cybersecurity Ventures has announced the Q2 2015 edition of the Cybersecurity 500, a global compilation of leading companies who provide cybersecurity solutions and services.
The Cybersecurity 500 is online at www.Cybersecurity500.com
The Cybersecurity industry is growing from $71 Billion in 2014 to $155+ Billion in 2019, according to consolidated estimates by IT research firms and analysts cited in the Cybersecurity Market Report, published quarterly by Cybersecurity Ventures. There are many new entrants as well as M&A, investment and IPO activity, that is constantly changing the vendor and service provider landscape. The Cybersecurity 500 creates awareness and recognition for the most innovative cybersecurity companies – ranging from the largest and most recognizable brands, to VC backed start-ups and emerging players, to small firms with potentially game-changing technologies, to solution providers poised for growth around productized or vertically focused services.
Editor’s Choice For #1 Goes to FireEye
Coming in at number one on the list is Cybersecurity Ventures Editors’ Choice, FireEye, Inc. (NASDAQ:FEYE), the highflying Milpitas CA based cybersecurity and malware protection company. “FireEye is continuing to grow its global customer base and employee headcount, while getting kudos for their technology platform and product lineup, alliance partner integration, channel program, service, and support, from the entire cybersecurity community.” says Steve Morgan, founder and CEO at Cybersecurity Ventures, and Editor-In-Chief of the Cybersecurity 500. “FireEye is a leader in IT and cloud security, and they’ve added to that by becoming a top brand in the burgeoning mobile security sector” adds Morgan.
“Cyber defense has never been more critical than it is today, and the Cybersecurity 500 recognizes the “companies to watch” on the front lines of this battle” says Dave DeWalt, CEO and Chairman of the Board at FireEye. “FireEye is committed to changing the way the world combats today’s advanced cyber attacks, and the Cybersecurity 500 spotlights the evolution taking place by raising awareness of the most innovative companies in the security industry” adds DeWalt.
#6 AVG Tops Growing List of International Companies
AVG Technologies N.V. (NYSE:AVG), with global headquarters in Amsterdam, The Netherlands, is the top listed international company and number six overall, who recently announced they have surpassed two-hundred million active users of their software. “The cybersecurity landscape is constantly changing and AVG recognizes the importance of being represented in an authoritative and credible resource like the Cybersecurity 500″ says Stephanie Kane, Senior PR Director at AVG.
“Half of AVG’s active customers are using their software on mobile devices” says Cybersecurity Ventures’ Morgan. “That’s 100 million mobile users, which makes AVG a top competitor in an exploding market for iOS and Android security” adds Morgan. “At AVG, we believe that everyone in the world has the inalienable right to security and privacy online” says Gary Kovacs, CEO at AVG. “We are committed to enabling the next three billion people coming on line to explore the Internet with peace of mind and security.”
22% of the Cybersecurity 500 listed companies (110 companies) had international (non-U.S.) headquarters, a substantial increase over the Q1 2015 list. Countries outside the U.S. with companies listed are: United Kingdom (20 companies); Israel (16); Canada (13); Germany (12); France (5); Ireland, The Netherlands, Denmark (4 each); Finland, China, Australia, Brazil (3 each); Italy, Greece, Spain, Switzerland, Sweden, Romania, South Korea; Argentina (2 each); and Russia, Slovakia, Japan, Hong Kong, India, South Africa, Czech Republic, Singapore, Portugal (1 each).
IBM’s Security Business Moves Up to #8
Technology giant IBM Corp. (NYSE:IBM) ascended to number eight on the list, after integrating a number of acquisitions in to their now called IBM Security business, and a clarified message to the market. “IBM’s security business is really big, and really hot” says Morgan. “What IBM has done is very impressive and unique. They are the only super big corporation we can point to who has methodically built a cybersecurity business through a combination of organic growth and numerous substantial acquisitions over the past decade – and combined all of it in to a cohesive business the market can understand.”
“IBM is ushering in an intelligence-driven era of security with our clients” says Brendan Hannigan, General Manager at IBM Security. “With the rate, pace and sophistication of cyber-attacks continuing to grow exponentially, security has become a big data problem. Real-time analytics are required as the foundation of today’s security strategy. IBM partners with our clients across their C-Suite and Line of Business to develop integrated and comprehensive analytics-driven protection strategies. We are outpacing the competition because we help clients safeguard the full spectrum of a risk framework – people, data, applications and infrastructure – by deploying the industry’s broadest portfolio of security consulting, services, and software. Our offerings and capabilities range from protection against advanced threats, to securing a client’s most sensitive and important assets, to solutions for Cloud and Mobile computing that enable innovation without increasing risk” adds Hannigan.
Selection Criteria For The Cybersecurity 500
“We continuously look at thousands of companies for inclusion in the Cybersecurity 500, by soliciting feedback from CISOs, IT security practitioners and service providers, and researching hundreds of cybersecurity events and news sources that we follow” says Steve Morgan, founder and CEO at Cybersecurity Ventures, and Editor-In-Chief of the Cybersecurity 500.
The selection criteria for the Cybersecurity 500 is subjective and includes some or all of the following when evaluating each company:
- Cybersecurity Sector (market category)
- Problem(s) Solved
- Customer Base
- Feedback from CISOs and Decision Makers
- Feedback from IT Security Evaluators & Recommenders
- Feedback from VARs, SIs and Consultants
- VC Funding
- Company Growth
- Published Product Reviews
- Demos and Presentations at Conferences
- Corporate Marketing and Branding
- Media Coverage
- Notable Implementations
- Founder and Management Pedigree
- Interviews with Senior Management
The Cybersecurity 500 does not rank companies by revenues, employees, or annual growth. “We do not think a list of the largest cybersecurity companies is useful to our target audience of cyber and IT security decision makers, evaluators, and recommenders” says Morgan. “They already know who the biggest vendors are. Instead, we give a nod to the hottest and most innovative companies”.
The Cybersecurity 500 is both a list and a keyword-searchable directory. Users can type in a cybersecurity term or acronym i.e. ‘malware’, ‘incident response’, ‘threat management’, ‘encryption’, ‘mobile security’ etc., and then view a list of companies who provide solutions in that category. A link to the corporate website is displayed next to each company that is listed.
“The driving force behind the Cybersecurity 500 was providing something useful to the CISOs and security decision makers, evaluators, and recommenders” said Morgan. “Our compilation lets them search and find specific types of solutions from the most innovative Cybersecurity companies in the industry.”
Quarterly Editions & Monthly Updates
Cybersecurity Ventures publishes a new edition of the Cybersecurity 500 each quarter. The revised quarterly editions have new companies coming on the list, others dropping off, and changes to the listing order, to accurately reflect the current hottest and most innovative companies. There are also monthly updates to the list, with specific market sectors and geographies being reviewed by Cybersecurity Ventures’ editors.
The Cybersecurity 500 is not a ‘pay-to-play’ list. There is no cost for a company to be listed, and every company on the list has been selected based on merit according to the selection criteria. After a company is selected and listed, there are paid premium listings and advertising opportunities – but that should not be confused with paying to get on the list which is against Cybersecurity Ventures policy. Premium listings are limited to specific positions for each company on a case-by-case basis, based on a range where they qualify to be listed.
It should be noted that FireEye did not pay to be included on the Cybersecurity 500 list, and they did not pay to be listed number one.
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