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MSSP VirtualArmour: Total Revenue Climbs 136% YoY in 4Q18

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VirtualArmour, an MSSP and cybersecurity consulting firm, reported total revenue of $4.4 million in the fourth quarter of 2018, up 136 percent vs. the corresponding quarter last year. VirtualArmour also indicated its full-year 2018 revenue rose 49 percent year over year to $15.6 million.

Furthermore, VirtualArmour secured several multi-million dollar contracts last year, including:

  • SIEM Contract: VirtualArmour in August announced a three-year, $2.8 million contract to provide an unnamed global chemical manufacturing company with security information and event management (SIEM) services.
  • Professional Services Contract: VirtualArmour in July released details about a $3.7 million contract from an unnamed medical equipment company; VirtualArmour now provides IT infrastructure hardware, software and professional services across six of the medical equipment company's global locations.
  • Security and Data Compliance Contracts: VirtualArmour in April secured two contracts within the hospitality and manufacturing sectors; the contracts together were valued at $1.1 million and require VirtualArmour to provide security, data compliance and infrastructure management support.

VirtualArmour is targeting "record financial and operational performance" in 2019, CEO Russ Armbrust said. The MSSP has a "positive outlook" for 2019, Armbrust stated, and expects steady growth in its managed services segment.

A Closer Look at VirtualArmour's Managed Security Services

VirtualArmour today offers a variety of managed security services to global organizations, and these services include:

  • Managed Endpoint Protection: Delivers managed detection and response (MDR), application whitelisting and blacklisting and other endpoint protection capabilities.
  • Managed Firewall SecurityOffers multiple firewall service options to help organizations secure their data and networks.
  • Managed Threat Intelligence: Provides access to real-time threat feeds and threat sandboxing.

Also, VirtualArmour provides CloudCastr, a client portal and prevention platform. CloudCastr delivers threat reports to help organizations prevent data breaches and improve their network security.

Dan Kobialka

Dan Kobialka is senior contributing editor, MSSP Alert and ChannelE2E. He covers IT security, IT service provider business strategies and partner programs. Dan holds a M.A. in Print and Multimedia Journalism from Emerson College and a B.A. in English from Bridgewater State University. In his free time, Dan enjoys jogging, traveling, playing sports, touring breweries and watching football.