Exceptional growth, fueled by product innovation, global expansion, and a customer-centric approach, highlights the demand for scalable autonomous patching solutions
Action1, a leading provider of autonomous endpoint management solutions, reported outstanding business results for 2024. Over the past year, the company achieved a remarkable 327% YoY revenue growth, expanded its global presence, grew its customer base by 205%, and introduced cutting-edge innovations that enhance security and compliance, eliminate costly manual labor, and improve digital employee experience.
This performance underscores the growing demand for automated, scalable endpoint security solutions. By enhancing its platform with new automation capabilities and enterprise-grade integrations, Action1 enables organizations to stay ahead of evolving security threats, streamline IT management, and ensure robust security and compliance at scale.
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“The exponential growth we’ve seen reflects a fundamental shift in how businesses approach endpoint security—moving from reactive, manual processes to scalable automation,” said Alex Vovk, CEO and Co-Founder at Action1. “By democratizing autonomous endpoint management, we enable organizations of all sizes to keep up with the accelerating pace of software updates, ensure security, and reduce operational burdens. Action1’s momentum reaffirms that we are on the right strategic path—delivering innovation that makes enterprise-grade security universally accessible.”
2024 Results
Action1’s 2024 performance highlights its rapid growth and ongoing momentum in the patch management space:
- Action1 reported a 327% YoY global revenue growth and a 355% YoY growth in net new business.
- Action1’s total customer base grew by 205%, underscoring its expanding global presence and user adoption.
- The company achieved a 300% YoY increase in customers with an ARR over $100,000 and an 83% YoY uplift in average deal size, indicating its significant growth in the enterprise segment.
- Action1 recorded a 108% net retention rate and a 99% gross retention rate, reflecting high customer satisfaction and continued trust.
Key Product and Strategy Moves
Among the key milestones that drove Action1’s 2024 momentum:
- Action1 introduced macOS support for unified, cross-platform patch management. It continued to innovate with numerous new features and enhancements released, including vulnerability remediation prioritization based on signs of active exploitation, audit trail, integrations with sign-on providers (Okta, Google, and Duo), software vulnerability detection not relying on heavily backlogged NVD, expanded API and more.
- Driven by its mission to democratize cybersecurity, Action1 made its platform accessible to everyone, including home users, and expanded its full-featured free offering to 200 endpoints.
- The company continued strengthening its global presence by expanding into Australia with cloud service hosted in Sydney.
- Action1 unveiled a free initial vulnerability assessment for unlimited endpoints to close the vulnerability awareness gap.
- Action1 reinforced its commitment to security by reaffirming SOC 2 Type II and ISO 27001:2022 certifications, achieving CSA STAR Level 1 certification, and signing CISA’s Secure by Design Pledge.
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Research Initiatives
- In June, Action1 released its Software Vulnerability Ratings Report 2024, providing CISOs and CIOs with insights into vulnerability trends within commonly used enterprise software. This included record exploitation rates for load balancers and a sharp rise in attacks targeting Apple operating systems.
- Action1’s 2024 education sector survey found that 64% of school IT leaders believe ransomware threatens education quality, with 78% of schools lacking a dedicated cybersecurity specialist to manage existing threats.
- According to Action1’s 2024 AI Impact on Sysadmins survey report, 60% of sysadmins lack the understanding to leverage AI, leading to critical disruptions in one out of six organizations.
Industry Accolades and Recognition
Action1’s dedication to excellence was also reflected in industry accolades:
- Action1 was recognized as a representative vendor in Gartner’s Modernize Windows and Third-Party Application Patching and Market Guide for Endpoint Management Tools.
- Action1 was named the Patch Management Solution of the Year in the 2024 CyberSecurity Breakthrough Awards.
- Action1 was listed as a 2024 SC Awards finalist for Best Customer Service, demonstrating its commitment to a customer-centric approach.
- Action1 maintained its position as the #1 easiest-to-use patch management solution according to G2, was named a Momentum Leader for four consecutive quarters, and secured 513 badges in multiple G2 reports based on real user feedback.
- The company secured 65 badges from Gartner Digital Markets websites, underscoring its excellence in customer support, top-rated features, and exceptional ease of use.
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Source – PR Newswire
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