Since our inception in 2016, Field Effect has been achieving new milestones through our ability to solve cyber security challenges for SMBs and IT service providers with market-first innovation. Over the past three years, we’ve grown our revenue by 438%—attributing this fast growth to our bootstrap operations and the increasing market demand for our Covalence managed detection and response (MDR) platform.
Deloitte 2021 Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2017 to 2020. To be eligible for the Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues, base-year operating revenues of at least $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must have been in business for a minimum of four years and be headquartered in North America. Field Effect is ranked as #297 with 421% revenue growth.
The Deloitte Technology Fast 50 program is Canada’s pre-eminent technology awards program recognizing Canada’s 50 fastest-growing technology companies with the highest revenue-growth percentage over the past four years. Field Effect is ranked as #40 with a 438% revenue increase.
Of the companies on this year’s list, Field Effect is Ottawa’s only company that made the F50 list and one of three on the F500.
Innovative cyber security for SMBs
“It’s undeniable that cyber security is a strategic priority for SMBs now more than ever. Our vision is to ensure businesses of all sizes can experience powerful, easy-to-use cyber security to fully protect their operations,” said our Founder, CEO, and CTO, Matt Holland. “This recognition by Deloitte’s 2021 Technology Fast 50™ underscores our ability to drive product adoption and high customer satisfaction rates through our continual focus on innovative cyber security for SMBs and IT service providers around the world.”
Field Effect’s flagship Covalence MDR platform is a holistic solution, monitoring and detecting threats across the entire IT environment to fully protect business operations. Our line of products and services, sold directly to businesses in multiple verticals as well as IT channel professionals through the Field Effect Partner Momentum Program, also includes our award-winning Cyber Range training and simulation platform and Incident Response (IR) services.
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