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Code42 Surpasses $100 Million in Business Revenue

50% recurring Y/Y growth for last 3 years

Code42 Software, Inc., in cloud-based endpoint data protection and recovery, announced 50% recurring year-over-year growth for the last 3 years, surpassing $100 million in business revenue.

Customer satisfaction marks, enhanced product offerings, enterprise market demand and strategic partnerships have all contributed to compa ny’s momentum.

In July, Code42 was named to the Forbes 2017 Cloud 100, the list of the Best Cloud Companies in the world.

Currently more than 47,000 business and education customers, representing 2.4 million users worldwide, rely on Code42 to protect more than 100PB of data.

Our customers’ growth and business success is always our top priority,” said Joe Payne, president and CEO, 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 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 data protection and recovery solutions that enable their operations to 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, Altair Engineering, Inc.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
• $100 million business 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 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.

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