TMCnet News
Making Intelligence Actionable, Flashpoint Charges into 2021 Cash Flow Positive, Recording 48% YoY Customer Growth and Delivering Over 480% ROIFlashpoint, the globally trusted leader in actionable threat intelligence, is celebrating record momentum following the close of calendar year 2020. By empowering organizations globally with easily-actioned threat intelligence to accelerate security operations and mitigate risk during a year of turmoil amid the global COVID-19 pandemic, Flashpoint overachieved on all of its 2020 revenue, retention, and growth targets. Flashpoint added over 120 new customers to its community by the end of 2020, meaning it now serves approximately 40% of the Fortune 100 along with major arms of the public sector and US government. Flashpoint saw particularly strong growth within technology, healthcare, and pharmaceutical industries, all aiming to counter increasingly severe physical and cyber threats and myriad forms of fraud online. This rapid expansion comes alongside industry research from Forrester validating the significant business value Flashpoint creates for its customers-including a 482% ROI and a less than three-month payback period stemming from improved operational efficiency cost savings, major reductions in fraud losses, and avoided risk from data breaches. In order to further supercharge its solution suite, at the end of November Flashpoint acquired CRFT Inc to bring no-code automation to threat intelligence. This technology empowers cyber threat intelligence (CTI (News - Alert)), fraud, and security teams to orchestrate workflows triggered by Flashpoint intelligence and to detect, respond, and mitigate threats faster and automatically. Two months later, Flashpoint is excited to bring no-code automation to customers later this year in its industry-leading intelligence platform. With a flurry of new product releases in 2020, Flashpoint extended its solution suite to address an even wider range of use cases for CTI, fraud, corporate security, third-party risk, and many other physical and cybersecurity functions. Flashpoint's achievements over the 12 months include:
Flashpoint's team includes 169 security and intelligence professionals worldwide, and continues to grow rapidly. Currently, Flashpoint is seeking to fill more than 20 open positions across product, sales, and operations. Earlier this month, Flashpoint proudly announced its certification as a "Great Place to Work" for 2021. Organizations can learn more by visiting the Flashpoint website and signing up for Flashpoint's free 30-day trial to join leading organizations worldwide using Flashpoint to turn insight into action. ENDS About Flashpoint Flashpoint is the globally trusted leader in actionable threat intelligence for organizations that demand the fastest, most comprehensive coverage of threatening activity on the internet. From bolstering cyber and physical security, to detecting fraud and insider threats, Flashpoint partners with customers across the private and public sectors to help them rapidly identify threats and mitigate their most critical security risks. Flashpoint is backed by Georgian Partners, Greycroft Partners, TechOperators, K2 Intelligence, Jump Capital, Leaders Fund, Bloomberg (News - Alert) Beta, and Cisco Investments. For more information about how Flashpoint delivers actionable threat intelligence, visit us at https://www.flashpoint-intel.com/ or follow us @FlashpointIntel.
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