Binary Defense Named to Inc. 5000 Fastest-Growing Private Companies List

CLEVELAND, August 29, 2019 /PRNewswire-PRWeb/ -- Binary Defense, a leader in the cybersecurity market, announced today that it was named to Inc. magazine's annual Inc. 5000 list of fastest-growing private companies in the nation, ranking at #1361.

Binary Defense provides managed cybersecurity services, including Managed Endpoint Detection & Response, Security Information & Event Monitoring, and Counterintelligence, all monitored by a Security Operations Center (SOC) staffed 24/7 at the headquarters in Stow, Ohio. "This is an exciting recognition," said Mike Valentine, Chief Executive Officer at Binary Defense. "We attribute our growth to our technology and service. Our proprietary Managed Detection & Response solution is best-in-class. We built our SOC that we have staffed with top talent, and we have been able to make an impact with our customers by serving as an extension of their team. The industry recognizes the value we are providing as we strive to make the world a safer place by detecting threats of cyberattacks."

The company grew 304% during the measured three-year period, which earned them the spot in the top 30% of the Inc. 5000 list. Binary Defense was also among the Top 20 fastest-growing security firms. In Ohio, Binary Defense was in the top 30 fastest-growing firms, and in the top 5 in the Northeast Ohio region. The organization had grown to 80 employees at the end of 2018, with another 20 to be hired by 2020.

"The companies on this year's Inc. 5000 have followed so many different paths to success," says Inc. editor in chief James Ledbetter. "There's no single course you can follow or investment you can take that will guarantee this kind of spectacular growth. But what they have in common is persistence and seizing opportunities."

In addition to the Inc. 5000 recognition, Binary Defense was named 2018 Partner of the Year by AT&T Cybersecurity (formerly AlienVault) and is listed in the Gartner Market Guide for Managed Detection & Response.

About Binary Defense
Binary Defense is a managed security services provider with leading cybersecurity solutions that include SOC-as-a-Service, Managed Detection & Response, Security Information & Event Management and Counterintelligence. With our human-driven, technology-assisted approach, Binary Defense is able to provide their clients with immediate protection and visibility, combating and stopping the next generation of attacks that your business faces. The company is headquartered in Stow, Ohio at 600 Alpha Parkway. For more information, please contact David White at David.White(at)binarydefense(dot)com.

More about Inc. and the Inc. 5000

Methodology
The 2019 Inc. 5000 is ranked according to percentage revenue growth when comparing 2015 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2015. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2018. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2015 is $100,000; the minimum for 2018 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.

About Inc. Media
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Inc. took home the National Magazine Award for General Excellence in both 2014 and 2012. The total monthly audience reach for the brand has been growing significantly, from 2,000,000 in 2010 to more than 20,000,000 today. For more information, visit http://www.inc.com.

The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates the remarkable achievements of these companies. The event also offers informative workshops, celebrated keynote speakers, and evening functions.

SOURCE Binary Defense