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Action1 Achieves 327% YoY Growth in 2024

In an outstanding display of business performance, Action1, a prominent provider of autonomous endpoint management solutions, reported remarkable results for 2024. The company has recorded a phenomenal 327% year-on-year revenue growth, alongside a 205% increase in its customer base. This incredible momentum is credited to the company’s strategic focus on innovation, global expansion, and a committed approach to meeting customer needs.

Key Performance Highlights

Over the past twelve months, Action1 has successfully expanded its global footprint while launching several cutting-edge innovations that enhance both security and compliance. These developments are aimed at minimizing the manual workload for IT departments and improving the overall digital experience for employees.

Alex Vovk, the CEO and Co-Founder of Action1, stated, "The exponential growth we've witnessed signifies a significant shift in how businesses approach endpoint security. Organizations are transitioning from reactive, manual processes to scalable automation. Our mission is clear—democratize autonomous endpoint management, enabling all organizations to keep pace with the rapid flux of software updates, ensuring security measures are in place, and alleviating operational burdens. The momentum we've gathered demonstrates that we are on the right strategic path."

Growth Metrics

• - Revenue Growth: Action1 reported an astounding 327% year-on-year increase in global revenue.
• - Customer Base Expansion: The company saw a 205% growth in its total customer base, showcasing its increasing international presence and user adoption.
• - Enterprise Client Growth: Action1 experienced a remarkable 300% increase in clients with an Annual Recurring Revenue (ARR) exceeding $100,000, as well as an 83% uplift in average deal size within the enterprise segment.
• - Customer Retention Rates: The company maintained a net retention rate of 108% and a gross retention rate of 99%, indicating high customer satisfaction levels.

Innovative Product Enhancements

Several strategic product milestones contributed to Action1's prosperity in 2024:

• - Expansion of Capabilities: The introduction of macOS support for a unified approach to cross-platform patch management. New features include the prioritization of vulnerability remediation influenced by real-world exploitation signs and integrating with popular sign-on providers like Okta and Google.
• - Accessibility Initiatives: Staying true to its ethos of democratizing cybersecurity, Action1 expanded its platform access to the general public, including home users, by offering a full-featured free service for up to 200 endpoints.
• - Infrastructure Expansion: The company expanded its cloud services to Australia, enhancing its global service delivery capabilities.
• - Vulnerability Awareness: It launched a free initial vulnerability assessment service for an unlimited number of endpoints, aiming to bridge the vulnerability awareness gap.
• - Commitment to Security Standards: Action1 fortified its security standing by reaffirming its SOC 2 Type II and ISO 27001:2022 certifications, obtaining the CSA STAR Level 1 certification, and publicly endorsing CISA's Secure by Design Pledge.

Research Contributions

In furthering its commitment to the industry, Action1 published valuable research:

• - Software Vulnerability Ratings Report 2024: This report offered significant insights into vulnerabilities affecting commonly used enterprise software, highlighting urgent trends, such as the rising exploitation rates of load balancers and an escalation in attacks on Apple operating systems.
• - Education Sector Survey: Findings indicated that 64% of IT leaders in schools perceive ransomware as a significant threat to educational quality.
• - AI Impact on Sysadmins Report: Revealed that 60% of IT administrators struggle to implement AI effectively, leading to disruptions in nearly 17% of organizations.

Industry Recognition

Action1’s commitment to excellence in service and innovation has not gone unnoticed. The company was recognized in various prestigious venues this year. Key accolades include:

• - Designation as a representative vendor in Gartner’s Market Guide for Endpoint Management Tools.
• - Winner of the Patch Management Solution of the Year in the 2024 CyberSecurity Breakthrough Awards.
• - Positioned as a finalist for Best Customer Service in the 2024 SC Awards.
• - Recognized as the easiest-to-use patch management solution according to G2 rankings, which reflects genuine user experiences and feedback.

These accolades not only signify Action1’s leadership in the cybersecurity landscape but also reinforce its dedication to providing top-tier customer support and innovative solutions.

Conclusion

Action1 stands at the forefront of autonomous endpoint management, demonstrating remarkable growth and an unwavering commitment to enhancing security and compliance across global enterprises. As it continues to break new ground in 2024 and beyond, Action1 is poised to shape the future of endpoint management, ensuring that robust security measures are accessible to all organizations, regardless of size.

To learn more about the Action1 platform, visit action1.com.

About Action1: Action1 is a cloud-native autonomous endpoint management platform that prioritizes scalability, security, and ease of use. With a focus on innovative patch management solutions and vulnerability assessments, it serves enterprises managing millions of endpoints globally while remaining free for the first 200 endpoints.