Boulder, Colo.,—November 5, 2019—ManagedMethods, a leading provider of cloud application security solutions, today announced a 539 percent increase in revenue in the third quarter of 2019, compared to the third quarter of 2018.
ManagedMethods’ cloud application security platform is built specifically for IT and InfoSec managers of K-12 school districts tasked to address a new cloud security landscape with limited budgets. Today, K-12 schools face difficult cyber safety and security issues, in addition to maintaining compliance with state and federal data regulations, protecting student and staff personally identifiable information (PII), and creating a safe learning environment. All while tussling with societal issues and cyber criminals.
“The K-12 education market has continued to embrace cloud applications, such as Google G Suite and Microsoft Office 365, for the numerous productivity benefits. However, this market is now an opportune target for cyber criminals and is in need of emerging security solutions,” said Charlie Sander, Chief Executive Officer of ManagedMethods. “Our growth is a testament to the entire team’s ability to build a platform that empowers schools with continuous visibility and control across cloud applications. We look forward to continuing to keep sensitive data secure, and students and staff safe online.”
For ManagedMethods, the third quarter of 2019 also brought the following achievements:
- Industry Recognition: ManagedMethods received seven awards in the third quarter of 2019, including a Cloud Security Startup of the Year win in the 2019 CyberSecurity Breakthrough Awards, a 2019 Cyber Defense Global Award for Saas/Cloud Security, a 2019 Stratus Award for Cloud Computing and four awards in the 2019 Golden Bridge Awards, including Company of the Year in Security Cloud/SaaS.
- Customer Recognition: ManagedMethods was recognized by G2 Crowd as a High-Performer leader for Cloud Data Security in this year’s G2 Grid.
- New Partners: ManagedMethods formed new strategic partnerships in the K-12 education sector with Technology Resource Advisors and K12 Technology Solutions, further expanding ManagedMethods’ foothold in the market.
- New Customers: ManagedMethods welcomed new K-12 school districts, including Aurora Public Schools (CO), Hutto ISD (TX), Everman ISD (TX), Kettle Moraine School District (WI) and Vallecito Union School District (CA) as new customers — adding over 120,000 user accounts — in the third quarter of 2019.
ManagedMethods today secures over 1 million cloud application user accounts in over 600 schools across the U.S. and Canada. K-12 IT teams continue to switch to ManagedMethods because of its data security and top-rated customer support.