Cequence Security reports impressive 117% revenue growth

Cequence Security has reported a 117% year-over-year growth in new annual recurring revenue, reflecting significant momentum in the company's performance.

The company attributes this growth to substantial customer wins, increased emphasis on traffic defence, and recognition within the industry. With APIs now considered the main cyber-attack vector, Cequence emphasises the importance of robust solutions to safeguard digital assets effectively.

Ameya Talwalkar, Chief Executive Officer at Cequence, commented: "Our recent achievements highlight not just our product's capabilities, but also our team's relentless dedication to innovation and customer success. We are excited to continue this momentum and push the boundaries of what's possible in API security."

Cequence has also seen a 100% increase in new client acquisitions and an 81% growth in average deal size. Over recent months, 15 new channel partners have joined Cequence, enhancing the company's market reach.

Randolph D'Souza, Director of Product Management at Vercara, said: "API security has become a pressing concern for organisations striving to protect their digital ecosystems. Our partnership with Cequence enables us to tackle these challenges effectively, equipping our customers with industry-leading API security and bot management solutions. Together, we're not just mitigating risks; we're enhancing our clients' ability to thrive in a rapidly evolving landscape. With Cequence's technology, we empower organisations to safeguard their most valuable assets while ensuring smooth and secure operations, ultimately fostering greater trust with their customers."

Cequence has reinforced the security of diverse clients, including global telecommunications companies and major financial entities across the Americas, Asia, Australia, Europe, and the Middle East. Diane Brown, Vice President of IT Risk Management at Ulta Beauty, praised the company's achievements: "By leveraging the Cequence Unified API Protection platform and their managed services, our security team has implemented a robust defence-in-depth strategy that provides comprehensive protection across our entire application portfolio. This has significantly elevated our ability to detect and mitigate threats, ensuring that our digital assets remain secure while supporting the rapid pace of innovation at Ulta Beauty."

Since the launch of the Apple iPhone 16, Cequence managed over 6.7 billion API calls, with 37% flagged as malicious, demonstrating demand and effective service provision.

Recent product enhancements from Cequence include features for real-time threat detection and advanced security testing. The new offerings cater to various deployments and bolster response mechanisms.

"We are continually evolving our product offerings to meet the dynamic needs of our clients," said Talwalkar. "Our latest innovations not only bolster security but also empower organisations to operate more efficiently and confidently."

Cequence has received multiple awards this year, including recognition from G2 and the Cybersecurity Excellence Awards, underpinning its status in the API security sector.