Nov 29, 2024

Expel’s Fourth Consecutive Ranking on the Deloitte Technology Fast 500™ November 29, 2024 Leading MDR provider attributes continued recognition to unmatched customer outcomes, consistent growth, and a people-first approach Expel, the leading managed detection and response (MDR) provider, proudly announced today its fourth consecutive ranking on the Deloitte Technology Fast 500™. Now in its 30th year, the Deloitte Technology Fast 500™ ranks the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America. Expel earned a spot with 338% revenue growth, ranking 343 on the list. “Consistent recognition on this list validates our relentless pursuit of innovation and excellence in security operations, delivering MDR services built on trust,” said Dave Merkel, CEO and co-founder of Expel. “We know that trust isn’t given; it’s earned. It’s why we work tirelessly to outpace evolving adversaries to provide our customers with the unmatched security outcomes they’ve come to rely on to keep their businesses running smoothly.” This ranking comes hot on the heels of other major achievements this year, highlighting Expel’s leadership and customer-obsessed approach to security. Recently, Expel appointed cybersecurity pioneer and Mandiant founder, Kevin Mandia, to its board of directors, bringing over three decades of security leadership and expertise to help guide Expel’s next phase of growth. Mandia’s appointment complements Expel’s momentum, including strategic partnerships with industry titans like Wiz, Visa, and leading incident response (IR) firm, modePUSH, addressing an even broader range of customer and partner security needs. “Our scalable approach to MDR replaces the outdated—and long-accepted—black-box cybersecurity model with full transparency and AI-powered machine speed, providing a breath of fresh air for customers and partners who are used to being left in the dark in their own environments,” said Yonni Shelmerdine, Chief Product Officer at Expel. “This paves the way both for outstanding security outcomes and stronger partnerships that keep improving as we grow.” The result? Expel boasts an industry-leading Net Promoter Score (NPS) of 75 and a 20-minute mean-time-to-remediate on critical alerts—metrics typically unheard of in the security industry. The company also recently achieved 50% year-over-year revenue growth (FY23-FY24) and surpassed $100 million in annual recurring revenue as of FY24. Other recent milestones for Expel include: Launching new, flexible MDR offerings to meet the varied security needs of modern organizations Earning a spot in the 2024 CRN® Partner Program Guide Being named a leader by IDC in the 2024 MarketScape for Worldwide Emerging MDR Services Expanding into Ireland with the creation of 50 high-skilled cybersecurity jobs For more information about Expel’s unique approach to MDR, visit our overview page or contact the team any time. previous post