ID Experts® Achieves Major Milestones in 2018 as Cyber Privacy Risks Grow
Bookings approaching $500 million; serving 30 million affected individuals
PORTLAND, Ore.— ID Experts, the leading pure-play privacy technology company, today released its 2018 Year in Review highlighting record data breach bookings and individuals served.
“The cyber security world is at a crossroads as compromises in consumer privacy have grown in size and frequency, accompanied by increases in damage and risk to those compromised,” commented ID Experts president and CEO Tom Kelly. “We are grateful to be trusted by Fortune 500 companies; federal, state and local government; leading universities – as well as small- and medium-sized businesses – to provide them, their employees and customers with our best-of-breed data breach and identity protection services.”
Key 2018 Results
- New multiyear data breach bookings approaching $500 million.
- Protecting 30 million individuals affected by breaches.
- Another year of positive EBITDA and cash flow.
- Managed over 200 discrete data breach responses.
- Released new SaaS software platform; most advanced in our industry.
- Achieved NPS (Net Promoter Score) of 65; exceptional in any industry.
- Engaged in national conversations on cyber security and data privacy in outlets including Fox News, Investor’s Business Daily, Nextgov, Corporate Board Member, Morning Consult and others.
2019 Outlook
The company has aggressive plans for growth in 2019 by expanding its channels to include employee benefits brokers and strategic partners, while enhancing its product offering to include more proactive capabilities for protecting individuals’ identities and enhancing their digital privacy.
Company Investors
ID Experts is backed by an exceptional slate of venture capital and growth equity investors. These include Forgepoint Capital, a leading cyber security venture capital firm, Peloton Equity, a leading growth capital investor, and Sandbox Industries, the exclusive provider of investment management services to BlueCross BlueShield Venture Partners.
About ID Experts
ID Experts® is the leading pure-play consumer identity protection and privacy technology company. Its flagship digital privacy and identity protection product, MyIDCare™, is built on a secure, cloud-native SaaS platform supporting easy integration and customizable embedded or paid product solutions. As the largest provider of data breach and identity protection services to the U.S. government and a trusted provider to Fortune 500-sized companies and large strategic partners, ID Experts protects over 40 million individuals from privacy risks. Visit www.idexpertscorp.com to learn more or inquire about partnering with ID Experts.
About IDX
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