DALLAS, Jan. 31, 2018 (GLOBE NEWSWIRE) -- In the last 18 months StackPath, a provider of secure edge cloud services, has increased its customer count from 50,000 to more than one million and its annual revenue run rate from $16 million to almost $200 million.
“Our mission is to make the internet safe for businesses and their users. That’s an enormous undertaking and requires equally large scale and reach,” said Lance Crosby, StackPath co-founder and CEO. “Our growth over the last year and a half has outpaced our goals and expectations, and accelerates how quickly we will be able to drive the evolution of cloud, specifically at its edge.”
Milestones have included:
- Increasing CDN bandwidth capacity 33X
- More than doubling the CDN traffic rate
- Growing the consumer VPN 100% year after year
- Signing exclusive enterprise VPN partnerships, such as the recent agreement with Eero
- Tripling headcount to expand depth and capabilities
StackPath came out of “stealth” in July 2016 having made four acquisitions for a combined 50,000 customers and $16 million in revenue. StackPath merged technologies from the acquired companies into a single platform and launched its initial product offering, SecureCDN, a content delivery network with a built-in Web Application Firewall (WAF) and DDoS protection included at no additional charge. In February 2017, StackPath acquired Highwinds, a leading provider of CDN, VPN and related services, creating a massive combined global footprint and expanding its total customer base.
Since that time, the company has continued expanding the existing platforms’ customer bases while carefully planning and executing the integration of technologies into the ideal, highly-scalable, secure edge services platform. This work includes standing up a revolutionary, frictionless, cloud-scale infrastructure network that will give the platform the foundation and power it needs to grow, scale, and adapt. The company has also made a series of strategic changes to the existing platforms to make them more modular, to move services to the technologies on which they will ultimately need to run, and to pave the way for a seamless consolidation of platforms and products with near-zero disruption to existing customers.
“We’re committed to not just maintaining but increasing the velocity we’ve achieved,” Crosby said. “With the integration work we’ve completed and the announcements we will make throughout 2018, I have no doubt we’ll reach our second million customer mark even faster than the first.”
About StackPath
StackPath is a platform of secure internet services built at the cloud's edge. StackPath services enable developers at organizations of any size to build protection and performance into any cloud-based solution—from SaaS to web publishing, gaming, media streaming and beyond—without needing cloud security and delivery expertise of their own. More than one million customers, ranging from early-stage enterprises to Fortune 100 organizations, use StackPath services. Headquartered in Dallas, Texas, StackPath has offices across the U.S. and around the world. For more information, visit stackpath.com and follow StackPath at www.fb.com/stackpathllc and www.twitter.com/stackpath.
For more information, media and analysts may contact:
Susie McDonald
StackPath
VP Corporate Communications
susan.mcdonald@stackpath.com
503-806-3841