BitSight, the Standard in Security Ratings, today announced its key 2016 milestones, demonstrating substantial growth and clear market leadership. Momentum can be attributed to the complete solution that BitSight offers: trustworthiness of BitSight’s objective and verifiable Security Ratings, the time-tested reputation that BitSight has built over the last six years as the creator of the market, and the actionable nature of ratings in today’s cybersecurity-charged climate.
“2016 was an extraordinary year for BitSight,” CEO Shaun McConnon said, referring to the Forbes magazine article on BitSight’s accomplishments, growth, and innovation as it created a new market in cyber security ratings in the vendor risk management space. “We have become the standard in this space, achieving significantly over $25M dollars in sales and growing our core business 115 percent. Our customer base has expanded dramatically from 250 to over 650 worldwide customers, with 25 percent of our business outside North America.”
BitSight is the Leader in the Security Ratings Services Market
Continued Product Innovation and Advancements for Actionability and Operationalization
Dedication to Objective Research
BitSight transforms how companies manage information security risk with objective, verifiable and actionable Security Ratings. Founded in 2011, the company built its Security Ratings Platform to continuously analyze vast amounts of external data on security issues and behaviors in order to help organizations manage third party risk, underwrite cyber insurance policies, benchmark performance, conduct M&A due diligence and assess aggregate risk. As the best total solution in Security Ratings, seven of the largest 10 cyber insurers, 80 Fortune 500 companies, and 3 of the top 5 investment banks rely on BitSight to manage cyber risks. For more information, please visit www.bitsighttech.com, read our blog or follow @BitSight on Twitter.