Deepwatch Continues Momentum with Record Growth in 2021
Adds Two Cybersecurity Leaders to Board of Advisors
DENVER, February 8, 2022 — Deepwatch, the leader in advanced managed detection and response (MDR) security, closes out another successful year exemplified by monumental growth and significant company milestones including doubling the number of new customers, expanding the employee base, and adding two industry veterans to the Board of Advisors.
“We’re proud and excited about our continued growth, and more meaningfully, this is a testament to the importance of the work we’re doing at Deepwatch,” said Charlie Thomas, CEO of Deepwatch. “Organizations depend on us to protect their brand, reputation, network and sensitive data, and we’re proud to be that partner. In-house security teams are under tremendous pressure, and we’re well-positioned to partner with them and further scale our business to continue meeting the growing needs for MDR and security services that bring peace of mind in this volatile world of cyber threats.”
Deepwatch achieved impressive results while demonstrating its dedication to helping customers navigate the increasingly complex threat landscape and a shortage of cybersecurity professionals. The increased need for MDR services, coupled with Deepwatch’s world-class squad teams and advanced technology platform, contributed to the doubling of new logos won for the year and the strongest Q4 to date.
Key business growth highlights include:
- 50% YoY sales growth ending 2021 on record-breaking Q4
- 444% growth in sales with new reseller partners, representing significant expansion of Deepwatch’s channel partner ecosystem
- Acquisition of net new customer organizations increased 110% YoY
- More than two thirds of customers (68%) expanded their service with Deepwatch in 2021 with endpoint detection and response (EDR) or vulnerability management (VM) services in addition to MDR
- Expanded go-to-market team by 360% including the addition of a new CMO and CRO
- Number of employees grew 90%, bringing the total number of employees to over 400
Deepwatch welcomes two new members to its advisory board
To bolster continued growth and success, Deepwatch’s Board of Advisors has expanded with the additions of Tracey Newell, distinguished board member at SailPoint, SumoLogic, and others, and Matt Chiodi, chief security officer of public cloud at Palo Alto Networks.
Newell is the former president of Informatica, responsible for global sales, marketing, sales operations and customer success. Prior to joining Informatica, she was EVP of global field operations at Proofpoint, leading the company through periods of hyper-growth.
“Deepwatch has quickly proven to be invaluable partners to their customers as evolving cyber threats result in unprecedented demands on their security teams,” said Newell. “I’m excited by the company’s exceptional talent and commitment to delivering customer value, and look forward to joining the advisory board and guiding Deepwatch on a path of further growth.”
Matt Chiodi has nearly two decades of security leadership experience and is currently the chief security officer of public cloud at Palo Alto Networks. He works with organizations to develop and implement security strategy for public cloud adoption and maturity and is also currently on faculty at IANS Research.
“I am impressed to see how much innovation and expertise Deepwatch pours into their services and technology platform, and how that has enabled exceptional results for their customers,” said Chiodi. “I look forward to helping Deepwatch continue to raise the bar for security operations and managed services as a member of their advisory board.”
Innovation and technology drive Deepwatch momentum
Deepwatch expanded its services to medium-sized enterprises with the launch of Deepwatch MDR Essentials in the fall of 2021. Deepwatch MDR Essentials enables mid-sized organizations to deploy a high performance, automated security operations center (SOC) in less than one hour that seamlessly integrates with the existing environment without requiring additional hardware or consulting.
Customers were also given enhanced visibility into their security operations over the past year with the launch of Deepwatch Mobile. Introduced in summer 2021, Deepwatch Mobile delivers real-time SOC insights and timely threat intelligence right from security leaders’ mobile phones, enabling them to monitor activity and take action from anywhere at any time.
In August, Deepwatch achieved Amazon Web Services (AWS) Level 1 Managed Security Service Provider (MSSP) Competency status. This designation recognizes that Deepwatch has successfully met AWS requirements for a baseline of managed security services to protect and monitor essential AWS resources, known as Level 1 Managed Security Services (MSS). Deepwatch is also listed in the AWS Marketplace.
Deepwatch also established a strategic partnership with Sentinel One, a recognized leader in endpoint security technology. In 2021, Deepwatch began offering SentinelOne Endpoint Detection and Response (EDR) as part of its managed MDR offering.
Additional industry recognition of Deepwatch over the past year included:
- Named in key industry analyst reports on the MDR market including Forrester Now Tech, Forrester Wave, Gartner MDR Market Guide, IDC Marketscape
- Awarded 10+ industry standard awards including Great Places to Work®, Gold Stevie® Award, CyberTech 100, CISO Choice Awards, Global Infosec Awards, Cybersecurity Excellence Awards, Splunkie Award, and more
Deepwatch helps secure the digital economy by protecting and defending enterprise networks, everywhere, every day. Deepwatch leverages its highly automated cloud-based SOC platform backed by a world class team of experts who monitor, detect, and respond to threats on customers’ digital assets 24/7/365. Deepwatch extends security teams and proactively improves cybersecurity posture via its Squad delivery and patented Security Maturity Model. Many of the world’s leading brands rely on Deepwatch’s managed detection and response. Visit www.deepwatch.com.
Highwire PR for Deepwatch