MENLO SECURITY SURPASSES US$100 MLN ARR, LEADING SECURE ENTERPRISE BROWSER MARKET

KUALA LUMPUR, Oct 2 (Bernama) -- Menlo Security, the pioneer of Secure Enterprise Browsers announced the company has surpassed US$100 million in annual recurring revenue (ARR) and achieved 50 per cent growth in the last 24 months. (US$1=RM4.15)

According to a statement, more than 1,000 global enterprises and government agencies rely on Menlo Security to provide a safe and secure browsing experience, on any browser and any device.

Its chief executive officer and co-founder, Amir Ben-Efraim said hitting US$100 million in ARR is a powerful validation of its vision and a direct reflection of the trust its customers place to secure and manage their browsers.

“Enterprises have recognised the need for browser security and our secure enterprise browser solution provides high efficacy browser security combined with a transparent user experience that is easy to deploy and manage,” he said.

Menlo Security holds US$350 million in total contract value (TCV), raised US$260 million in total funding, and expects to be cash flow positive in 2025, while achieving an impressive 110 per cent in net retention rate (NRR) and growing its gross revenue retention (GRR) by 97 per cent in the last 12 months.

Digital transformation has revolutionised the workplace, enabling online collaboration across organisations. In February, Menlo Security launched the industry’s first cloud-delivered Secure Enterprise Browser solution, delivering a comprehensive approach to protecting enterprise users where they work and securing applications from Internet-borne attacks.

Furthermore, in a recent report, Gartner predicts that by 2030, enterprise browsers will be the core platform for delivering workforce productivity and security software on managed and unmanaged devices for a seamless hybrid work experience.

The Menlo Secure Enterprise Browser solution enables the workspace of tomorrow, providing comprehensive enterprise browser security across desktops and mobile devices to protect users, applications, and data, all while allowing customers to continue using their browser of choice.

Menlo is trusted by major global businesses, including eight of the 10 largest financial institutions in the world, 24 Global Fortune 500 companies, and large government institutions in the United States and abroad.

-- BERNAMA