Webroot sees double digit growth in Q1

Webroot reported growth across all business segments driven by strong customer demand for Webroot SecureAnywhere solutions and a substantial increase in channel and MSP partnerships.

The addition of new customers fuelled double-digit, year-over-year growth across the company's target markets. Bookings from new business grew 29% in the OEM segment, 46% in the business segment and 16% in the consumer segment compared to the first fiscal quarter of 2015.

This new business resulted in the addition of over 1.3 million new home users, over 453,000 new business endpoints, and over 700 new MSP partners during the quarter.

"Our first quarter double-digit revenue growth demonstrates a significant shift in the industry to adopt our Smarter Cybersecurity approach," said Dick Williams, Webroot CEO.

"Building on the record growth we posted in FY15, we have started FY16 with strong results in all segments and in all regions. We enter this quarter with solid pipelines in all segments and with new product offerings that will enable us to ramp up throughout the remainder of the year."

Webroot also introduced the IOT Security Toolkit which enables Internet of Things (IoT) and Industrial Internet of Things (IIoT) solution designers and system integrators to integrate cloud-based threat intelligence services to protect critical systems against modern malware, zero-day exploits and other external threats and internal vulnerabilities.

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