LEO CYBER SECURITY CONTINUES IMPRESSIVE BUSINESS RESULTS
Clients continue to flock to outsourced services and technology
DALLAS – July 1, 2019 – LEO Cyber Security, a Cyber-as-a-Service firm, generated $2.177 million in revenue for the first half of 2019 compared to $1.076 million during the same period in 2018, falling just short of revenue for the entire year. The second quarter of 2019 produced more than $715,000, representing a sizable increase from Q2 1018’s approximately $464,000.
“Our performance continues to accelerate as organizations of all sizes, across industries increasingly realize the limitations of trying to build and manage cybersecurity internally,” said David Deering, founder, LEO. “LEO’s unique Cyber-as-a-Service (CaaS) combined with our innovative team and technology, makes the process easy with a complete outsourced solution. This allows our clients to focus on growing their business while we keep threats at bay.”
LEO was also announced as a finalist for the “2019 Fast Tech – Fastest Growing Company” by Tech Titans, the largest technology trade association in Texas. This award celebrates the fastest growing technology, media, telecommunications, life sciences and clean technology companies in the Dallas-Fort Worth Metroplex.
On the new client front, an 8,000 employee publicly-traded oil and gas organization based in Houston retained LEO’s outsourced services. A mid-market company with an immature cybersecurity program without a dedicated staff retained LEO’s CaaS through a $375,000 contract. Another 134-person company purchased LEO’s intellectual property for threat protection and to strengthen overall security posture.
To date, LEO has sustained momentum in revenue growth and gross margins, in addition to annual recurring revenue contracts. The firm’s largest total value deal, approaching $1 million, and another annual contract valued at $401,000, have also been landed.
Texas-based LEO is a team of world-class cyber experts that help businesses architect, build, and operate cybersecurity programs, with a focus on underserved businesses.
LEO is a Cyber-as-a-Service security concern comprised of some of the world’s most knowledgeable cyber experts. Its name is a derivation of the Renaissance visionary, Leonardo da Vinci, who refused to accept the status quo. LEO provides both advisory and operational assistance to our customers. With deep cyber skills, LEO is poised to help clients build effective and cost-efficient cyber programs. For more information, visit leocybersecurity.com or follow @LEOCyberSec.