Global Cybersecurity Services Leader Rapidly Accelerates
Growth for Third Consecutive Year
WEST PALM BEACH, Fla.,
Feb. 24, 2021 /PRNewswire/
-- Arete Incident Response, a leading global provider of
cybersecurity services and technology to corporations, law firms,
insurance carriers, and government entities, announced today that
it achieved record sales and profit for the fiscal year ending
December 31, 2020. This was the
company's third consecutive year of substantial revenue growth with
a 320% increase compared to 2019.
"Our team delivered another year of outstanding performance,"
said Arete's co-founder and CEO, Joe
Mann. "We continued to expand our relationships with
premier law firms, insurance carriers, corporations, and government
clients. Our focus on professional staffing, process automation,
training, accuracy, and execution motivated many of our clients to
reward us with a larger share of their business in 2020. We believe
our success is largely due to excellent responsiveness to
cyberattacks coupled with close collaboration with our insurance
carrier and law firm partners. We continue to deliver optimal
results to corporations, government entities, and other victims of
cybercrime."
In 2020, Arete grew revenue by 320% and EBITDA by 327% versus
the prior year. The company also generated a 390% increase in new
project wins versus 2019 and expanded its employee base by 30% in
Q4 of 2020, welcoming top incident response talent across
North America, the United Kingdom, and Asia. The company has plans for
additional growth in 2021, including expansion of its U.S.,
Canadian, EU, and Asia-Pacific
operations centers, and on-the-ground first responder services.
Most new hires will be for expert incident response roles at all
levels, including incident response directors, forensic analysts,
and SOC, MDR, and operations associates.
"We closed the year with a solid pipeline of prospective clients
and large projects," said Jim
Jaeger, Arete's co-founder and president. "Entering 2021, we
have plans to continue expanding our practice across the globe in
partnership with premier law firms and insurance carriers with a
primary focus on attracting and keeping talented people, adding and
enhancing proven technology, and continuing our efforts in process
improvement, automation, and training."
About Arete
Arete Incident Response partners with
clients to reduce the burden of preparing for, detecting, and
responding to cyberattacks. With core skills in incident response
triage, digital forensics, malware reverse engineering,
remediation, and testifying expertise, Arete's elite team of
cybersecurity experts have created unparalleled capabilities to
address the entire cyber incident life cycle, from incident
response readiness assessments to post-incident remediation and
managed security services. Arete's advisory services provide
legally defensible, compliant cyber strategies that assist in
continuously improving an organization's cyber posture. Learn more
at www.areteir.com.
Press Contact:
Colin Hanks – Marketing Manager
chanks@areteir.com
404.803.4322
www.areteir.com
Logo -
https://mma.prnewswire.com/media/1091358/Arete_Logo.jpg