Top 100 Cloud Company Code42 Surpasses $100M in Revenue Growth Driven By Customer Focus on Endpoint Data Protection Solutions
Customer adoption, product innovation, partnerships highlight company's acceleration
MINNEAPOLIS — Aug 2, 2017
Code42, the leader in cloud-based endpoint data protection and recovery, today announced 50 percent recurring year-over-year growth for the last 3 years, surpassing $100 million in revenue. High customer satisfaction marks, enhanced product offerings, enterprise market demand and strategic partnerships have all contributed to Code42's momentum. In July, Code42 was named to the Forbes 2017 Cloud 100, the definitive list of the Best Cloud Companies in the world. Currently more than 47,000 business and education customers, representing 2.4M users worldwide, rely on Code42 to protect more than 100 petabytes of data.
"Our customer's growth and business success is always our top priority," said Joe Payne, president and CEO of Code42. "It's their support and confidence that has fueled our growth, allowing Code42 to expand product innovation while continuing to deliver peace of mind."
Given the unprecedented rise in cybercrime in the first half of 2017, with the WannaCry and Petya ransomware attacks causing financial and reputational damage to organizations across the globe, enterprise businesses increasingly rely on robust data protection and recovery solutions that enable their operations to always bounce back from potential disaster.
"Our IT organization manages devices all over the world. With Code42, we know our user data is always secure from threats and disruptions to day-to-day business are minimized," said Ram Goparaju, director of global IT operations for Altair. "For our highly mobile workforce, Code42 ensures they have access to their files, anytime, anywhere."
In the first half of 2017, Code42 introduced Inside Threat Monitoring and Detection as an enhanced offering to its enterprise data protection and recovery platform, which is now providing customers with the file-level visibility they need to monitor and detect potential loss of sensitive company information. The company also announced a strategic partnership with Okta to streamline and secure customers' transition to a cloud-first model.
Code42 Key Momentum Stats
- $100M revenue, with 50% year-over-year recurring business growth since 2014
- 6 of the world's 10 largest tech companies use Code42 to protect their innovation and secure time to market
- 10 of the world's 20 most valuable brands use Code42 to protect their brand reputation and secure time to revenue
- 7 of the 8 Ivy League Universities rely on Code42 to protect their research and secure thought leadership
- 96% customer satisfaction rating
- 100% growth in headcount past 12 months, to 524 employees
Code42 has also received three prestigious industry awards in 2017 thus far. In addition to Code42's inclusion on the Forbes 2017 Cloud 100 list, Code42 was also named a silver winner by the Network Product Guide IT World Awards in the IT Products and Services for Enterprise category, and a gold winner for the Best in Biz Awards 2017 International in the Enterprise Software Product of the Year category.
See a complete list of Code42's accomplishments and innovations.