The Top Security Software SaaS Companies

As of Jan 2020, these 167 SaaS companies are the largest in the Security Software space. (Click to apply)

This list tracks the largest private B2B Security Software SaaS companies by revenue. In total, this list features 167 companies with combined revenues of $5.6B.

These companies have raised a total of $1.0B. Together, these Security Software saas companies serve 4M customers and employ over 52K on their teams.

$0 - $1M ARR
  1. Fastpath $1.0M
  2. CyberGRX $1.0M
  3. Acompli $1.0M
$1M - $5M ARR
  1. Sucuri $4.6M
  2. DataGrail $3.9M
$5M - $10M ARR
  1. Cygilant $8.0M
$10M+ ARR
  1. NETSCOUT $909.9M
  2. Splunk $609.9M
  3. Qualys $364.0M
  4. Pingidentity $245.0M
  1. 01
    NTT Security

    NTT Security

    Security Software

    NTT Security is the specialized security company of NTT Group. With embedded security we enable Group companies (Dimension Data, NTT Communications and NTT DATA) to deliver resilient business solutions for clients’ digital transformation needs. NTT Secu

    $2B

    18K

    1988

    Security Software

  2. 02
    NETSCOUT

    NETSCOUT

    Security Software

    NETSCOUT Systems, Inc. is a provider of application and network performance management products.

    $910M

    3K

    1984

    Security Software

  3. 03
    Splunk

    Splunk

    Security Software

    Splunk Inc. (NASDAQ: SPLK) helps organizations ask questions, get answers, take actions and achieve business outcomes from their data. Organizations use market-leading Splunk solutions with machine learning to monitor, investigate and act on all forms of b

    $610M

    7K

    2014

    Security Software

  4. 04
    Qualys

    Qualys

    Security Software

    Qualys, Inc. provides cloud security, compliance and related services and is based in Foster City, California.

    $364M

    $65M

    16K

    1K

    1999

    Security Software

  5. 05
    Pingidentity

    Pingidentity

    Security Software

    Our mission is to simplify how enterprises provide secure and seamless digital experiences.

    $245M

    $128M

    2K

    1K

    2002

    Security Software

  6. 06
    Forcepoint

    Forcepoint

    Security Software

    Forcepoint was founded in 1994 as an information technology reseller called NetPartners.

    $200M

    3K

    1994

    Security Software

  7. 07
    Neustar IP Intelligence

    Neustar IP Intelligence

    Security Software

    Mr. Ted Prince serves as Senior Vice President, Analytics Solutions at NeuStar. He oversees Neustar's strategy and execution for corporate development and the management of strategic relationships, as Neustar transforms into an Information Services company

    $182M

    2K

    1996

    Security Software

  8. 08
    Malwarebytes

    Malwarebytes

    Security Software

    Malwarebytes Inc. is an American Internet security company with offices in Santa Clara, California, Clearwater, Florida, Tallinn, Estonia and Cork, Ireland.

    $120M

    $80M

    3M

    774

    2003

    Security Software

  9. 09
    Centrify

    Centrify

    Security Software

    Centrify's identity & access management (IAM) solution delivers Zero Trust Security for 5,000+ organizations. Learn more about the leader in Zero Trust security.

    $100M

    $90M

    5K

    500

    2004

    Security Software

  10. 10
    Netskope

    Netskope

    Security Software

    Trusted by industry-leading businesses, we work to protect your data, stop threats and respond to incidents. Netskope, your cloud security platform.

    $99M

    $740M

    1K

    2012

    Security Software

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What are the fastest growing companies doing?

83 of the fastest growing companies that also have the most revenue have a clear expansion revenue strategy. On average, sales reps are selling plans where starting contract value is $4,606.

Those same companies employ 1,678 sales reps that carry a quota. The most common compensation plan used by these companies is a 1:5 ratio of sales rep on target earnings (OTE) to quota. Meaning if a rep can earn $200k in base and commissions, quota target for that year is set at 5x, or $1m in new ARR closed.

If you’re going to build a high growth SaaS company, you need to figure out how to scale with quota carrying sales reps.

Which CEO’s are the most efficient capital allocators?

We can measure this a variety of ways. Which company has the most revenue per employee? What about dollars in revenue compared to dollars raised? What about time, which founder went from $0 to $10m the fastest?

Looking deeper at dollars in revenue compared to dollars raised, bootstrappers take the cake because they self fund (denominator zero). When we look at companies that have raised at least $1m, Actito is the clear winner generating $21m in revenue, growing 100% yoy, on just 1m raised ($.05 dollars raised for every $1 of revenue).

Omnisend comes in a close second with $.08 dollars raised for every dollar of revenue. Doing $19m as of December 2020. Proposify gets honorable mention with $0.46 dollars raised (3.25m) for every dollar of revenue ($7m).

The worst performers here are companies like YayPay with $3.68 dollars raised ($14m) per dollar of revenue ($3.8m). Many of the worst performers just did a round of funding and haven’t had a chance to deploy to drive growth yet. That makes this data less valuable but still illustrative.