UpGuard Announces Record Year of Growth, Accelerates Development of Vendor Risk and BreachSight Products

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UpGuard Sells IT Monitoring Product UpGuard Core to Cloudhouse, Doubles Down On Security Offerings

We have had a record-breaking year, an absolute testament to the work that our team put forth,” said Alan Sharp-Paul, Co-Founder and Co-CEO of UpGuard. “With the rapid growth in our BreachSight and Vendor Risk products, the sale of Core will allow even more focus and product development.

UpGuard, the third-party risk and attack surface management platform, announced today a record-breaking year of sales and growth in the security industry. UpGuard also completed the sale of IT monitoring product, UpGuard Core, to leading application compatibility and compliance software vendor, Cloudhouse. UpGuard Core will now be known as Cloudhouse Guardian and this change will be effective immediately.

Headquartered in Hobart, Australia, UpGuard was founded to protect the world’s data. UpGuard’s integrated risk platform combines third-party risk management, security questionnaires, and threat intelligence capabilities to give businesses a full and comprehensive view of their attack surface. In 2020 alone, UpGuard has grown sales by 128% and increased new customer velocity by over 179%, including prominent names such as the New York Stock Exchange, Lendlease, Pagerduty, Tata Technologies, and Schrodinger.

Significant achievements in 2020 include:

  • 179% growth in new customers, 128% growth in overall sales, and 30% growth in customer retention
  • Major appointments to the leadership team including Chief Marketing Officer, Kaushik Sen, and Chief Customer Success Officer, Spiro Spiroski
  • The development of over 600 features, including a brand new app in the ServiceNow store

“We have had a record-breaking year, an absolute testament to the work that our team put forth,” said Alan Sharp-Paul, Co-Founder and Co-CEO of UpGuard. “With the rapid growth in our BreachSight and Vendor Risk products, the sale of Core will allow even more focus and product development. For Core, we are pleased to have found such a great home for it, and we are looking forward to seeing the product develop under Cloudhouse, while we continue to cement our position as leaders in the third-party risk management space.”

The sale of UpGuard Core marks an important achievement for UpGuard. In just 3 years, UpGuard has launched two products, UpGuard BreachSight and UpGuard Vendor Risk, and secured over 2 billion sensitive records for some of the largest companies in the world. Q1 2021 will also see the launch of a new security product, marking UpGuard’s transition into a $40 billion market, combining existing capabilities on the third-party risk and attack surface management market.

About UpGuard
UpGuard helps businesses manage cybersecurity risk. UpGuard’s integrated risk platform combines third-party risk management, security questionnaires, and threat intelligence capabilities to give businesses a full and comprehensive view of their attack surface.

About Cloudhouse:
Based in London and founded in 2010 and used by hundreds of enterprises across all sectors globally, Cloudhouse frees enterprises from running unsupported Windows and Citrix platforms by making otherwise incompatible applications run on the newest platforms – whether they run on-premises or in the cloud.

Recently announced as one of the UK’s Fastest Growing Technology Companies by Deloitte, Cloudhouse is also the Preferred Partner globally for the AWS End of Support Migration Programme for Windows Servers (EMP), as well as a migration partner for Microsoft’s Windows Virtual Desktop. Cloudhouse is relied upon by a number of Government departments as well as organizations across all sectors including the National Australia Bank, Experian, Royal Mail and Transport for London.

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Kelly Rethmeyer
UpGuard
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