XM Cyber Accelerates Expansion into US and Significantly Increases Total Contract Value (TCV) in 2023
Veteran Sales Executive Kent Rounds, formerly of Crowdstrike, joins as XM Cyber VP US Sales, to unlock the potential of key partnerships and to continue US expansion
HERZLIYA, Israel, Feb. 12, 2024 /PRNewswire/ -- XM Cyber, the leader in hybrid cloud exposure management, today announced significant growth in 2023 with new Total Contract Value increasing by more than double and new Annual Recurring Revenue growing by 189%, compared to 2022. 2023 also saw the addition of multiple strategic hires to the US team. These accomplishments are attributed to major partnerships, and continued technological innovation and excellence.
Accelerated YoY Growth
"With the significant growth in new total contract value (TCV) and new customers, and a 112% Net Retention Rate, all indicators are flashing green for XM Cyber as we move into 2024," said Noam Erez, CEO and Co-founder, XM Cyber. "Our robust growth over the last year is a testament to the strength of our partnerships and the innovative technology, which have enabled us to improve the security posture of enterprises around the world."
Strategic Additions to the US XM Cyber Team
The US Sales team has grown threefold under Round's mentorship, a testament to the increased awareness of the importance of leveraging a CTEM-based approach. The company also welcomed Alexei Rubinstein as Vice President, Global Sales Engineering. Hailing from companies including Rapid7 and Verint, Rubinstein will nurture and develop the sales engineering teams across the regions.
To learn more, please visit: https://www.xmcyber.com/
About XM Cyber
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SOURCE XM Cyber