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Corellium's Record Growth and Innovative Solutions

Corellium, a prominent name in the virtualization industry, made waves recently with the announcement of its phenomenal growth in 2024, accompanied by innovative product launches as it heads into 2025. The company, well-known for providing native-fidelity virtual solutions, has solidified its position as a pivotal player in the development, testing, and research of mobile and IoT devices.

Strong Financial Performance

In 2024, Corellium saw a remarkable increase in its annual recurring revenues, soaring by over 50% compared to the previous year. This has led to a striking 97% renewal rate, affirming the trust customers place in Corellium's solutions. The demand for their innovative products has surged across the United States and globally, highlighting their essential role within the workflows of enterprises, government sectors, and OEM customers. Corellium's tools are integral to various teams, including DevOps, penetration testing, and vulnerability research.

Innovative Product Offerings

During the past year, Corellium achieved several significant milestones. Among their notable accomplishments is the quick support for new iOS device models, often within a week of their release, demonstrating their commitment to staying ahead of the curve. The company introduced threegroundbreaking products to its lineup, aimed at enriching mobile security testing:

• - Corellium Viper: This advanced solution for mobile application security testing (MAST) is designed to provide security teams with powerful tools for both manual and automated testing. With Viper, organizations can enhance efficiency and save costs while ensuring their software's integrity. A standout feature is the new MATRIX capability, which enables rapid automated mobile application security testing and reporting, accelerating crucial workflows significantly.
• - Corellium Falcon: A sophisticated platform specifically tailored for in-depth mobile vulnerability and threat research. Falcon is equipped with the MATRIX capability as well, enabling teams to explore the intricate details of mobile security safeguards and vulnerabilities.
• - Corellium Solo: Tailored for individual users like students and hobbyists, Solo offers a versatile platform for discovering mobile security, effectively democratizing security testing in the mobile arena.

Recognition and Growth

The impressive growth and development at Corellium did not go unnoticed. The company was awarded the 2024 Technology Fast 500 by Deloitte, which honors the fastest-growing technology enterprises in North America. This accolade reflects Corellium's relentless pursuit of innovation and excellence in the tech realm.

To further reinforce its market strategy, Corellium significantly expanded its workforce, increasing employee numbers by over 35% since January 2024. This expansion includes filling strategic senior roles, such as the appointments of Mark Snell as Chief Financial Officer and David Scruggs as Chief Revenue Officer, among others.

A Vision for the Future

Amanda Gorton, CEO of Corellium, emphasized the importance of their innovative virtualization platform in a recent statement. She noted that Corellium's virtual devices provide developers with an authentic experience akin to using real hardware, without the complexities that come with maintaining physical devices. Looking ahead to 2025, Gorton expressed a commitment to furthering product innovation, empowering developers to rigorously test and secure the forthcoming generation of devices.

Corellium stands as a leader in Arm virtualization technology, aiding over 500 organizations, governments, and security experts worldwide. Their native-fidelity virtualization solutions significantly bolster security testing and streamline development operations. With a promise of highly performant and scalable virtual models, Corellium is set to push the boundaries of what's achievable in software testing and security on mobile and IoT devices. To explore more, visit Corellium's official website.