Action1 Announces Commitment to Remain Founder-Led, Focusing on Long-Term Vision
20 Agosto 2024 - 5:00AM
Action1, a leading provider of an integrated real-time
vulnerability discovery and automated patch management
solution, today announced its decision to remain a founder-led
company, reinforcing its commitment to long-term growth and
innovation. Despite receiving multiple acquisition inquiries over
the past year, including from well-known industry players, Action1
has chosen to continue operating independently to fully realize its
vision.
"We are honored by the interest we have received from major
industry players, as it validates our strategy and leadership in
the space," said Alex Vovk, CEO and Co-Founder of Action1.
"However, after careful consideration, we have determined that
remaining founder-led is the best path forward. While it is tough
to turn away from significant financial opportunities, we believe
our future is far brighter as an independent company."
Action1's vision is a world where cyberattacks exploiting
vulnerabilities are entirely prevented across all types of devices,
operating systems, and applications.
Action1 co-founders Alex Vovk and Mike Walters are seasoned
entrepreneurs with a track record of building successful companies.
Their previous venture, Netwrix, grew into a multi-billion-dollar
cybersecurity business. With Action1 being cash flow positive,
experiencing hypergrowth, and on track to soon reach $100 million
ARR, the founders are confident in their ability to execute the
long-term vision.
"We are excited to continue on the path of innovation and are
deeply grateful to our customers worldwide for their trust and
support," said Mike Walters, President and Co-Founder of
Action1.
For more information, please visit www.action1.com.
About Action1
Action1 reinvents patch management with an infinitely scalable,
highly secure, cloud-native platform configurable in 5 minutes—and
it just works, with no VPN needed. Featuring unified OS and
third-party patching with peer-to-peer patch distribution and
integrated real-time vulnerability assessment, it enables
autonomous patch compliance that preempts ransomware and security
risks, all while eliminating costly routine labor. Trusted by
thousands of enterprises managing millions of endpoints globally,
Action1 is certified for SOC 2 and ISO 27001.
The company was founded by cybersecurity veterans Alex Vovk and
Mike Walters, who previously founded Netwrix, which was acquired by
TA Associates.
- Alex Vovk, CEO, and Mike Walters, President
press@action1.com