Binary Defense has been recognized in the 2024 Inc. 5000 list, marking the fifth year the company has received this prestigious ranking.

CLEVELAND, Aug. 13, 2024 /PRNewswire-PRWeb/ -- Binary Defense, the trusted Managed Detection and Response (MDR) and enterprise defense provider, today announced it has been recognized on the 2024 Inc. 5000, marking the fifth year it has been included in the annual list of the fastest-growing private companies in America. The company jumped to No. 54 in the Security category and No. 66 in the state of Ohio.

2024 has been a strong year for Binary Defense, as the company has seen record demand for its MDR services amid a steady rise in sophisticated cyber threats. Binary Defense has also been pushing the envelope on security innovation and recently launched a new cutting-edge service called "MDR Plus," which delivers the industry's most robust managed security platform to dramatically improve early-stage attacker detection and mitigation through AI-powered and patent-pending solutions. The company has also forged strong industry partnerships and is gearing up for its second year as the Trusted Cybersecurity Partner of the Cleveland Browns for the 2024-2025 NFL season. Last month, Binary Defense was also recognized for the sixth time as a Representative Vendor in the 2024 Gartner Market Guide for Managed Detection and Response report.

"We are proud to be honored by Inc. Magazine as one of the nation's most promising companies," said Bob Meindl, CEO of Binary Defense. "We are deeply committed to our customers and partners, and we will continue to push the boundaries of cybersecurity innovation to offer unmatched levels of protection. At a time when cyber threats are escalating across all major industries, our team is dedicated to developing industry-leading solutions that not only guard against the most pressing threats today, but also anticipate the next wave of attacks amid a constantly evolving cyber threat landscape."

The Inc. 5000 class of 2024 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year's top 500 companies, the average median three-year revenue growth rate is 1,637 percent. In all, this year's Inc. 5000 companies have added 874,458 jobs to the economy over the past three years.

For more information about Binary Defense's advanced MDR capabilities, visit https://www.binarydefense.com/services/managed-detection-and-response/.

About Binary Defense

Binary Defense is a trusted leader in security operations, supporting companies of all sizes to proactively monitor, detect and respond to cyberattacks. The company offers a personalized Open XDR approach to Managed Detection and Response, advanced Threat Hunting, Digital Risk Protection, Phishing Response, and Incident Response services, helping customers mature their security program efficiently and effectively based on their unique risks and business needs.

With a world-class 24/7 SOC, deep domain expertise in cyber, and sophisticated technology, hundreds of companies across every industry have entrusted Binary Defense to protect their business. Binary Defense gives companies actionable insights within minutes not hours, the confidence in their program to be resilient to ever-changing threats, and the time back that matters most to their business. Binary Defense is also the Trusted Cybersecurity Partner of the Cleveland Browns and partners with PGA TOUR players. For more information, visit our website, check out our blog, or follow us on LinkedIn.

More about Inc. and the Inc. 5000:

Methodology

Companies on the 2024 Inc. 5000 are ranked according to percentage revenue growth from 2020 to 2023. To qualify, companies must have been founded and generating revenue by March 31, 2020. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2023. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2020 is $100,000; the minimum for 2023 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.

About Inc.

Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.'s award-winning work achieves a monthly brand footprint of more than 40 million across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since its launch as the Inc. 100 in 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.

For more information on the Inc. 5000 Conference & Gala, to be held from October 16 to 18 in Palm Desert, California, please visit http://conference.inc.com/.

Media Contact

Jonna Melinauskas, Binary Defense, 1 800-246-2792, jonna.melinauskas@binarydefense.com, https://www.binarydefense.com/

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SOURCE Binary Defense