Expel Celebrates Fourth Consecutive Ranking on the Deloitte Technology Fast 500™

Leading MDR provider attributes continued recognition to unmatched customer outcomes, consistent growth, and a people-first approach

Expel, the leading managed detection and response (MDR) provider, proudly announced today its fourth consecutive ranking on the Deloitte Technology Fast 500™. Now in its 30th year, the Deloitte Technology Fast 500™ ranks the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America. Expel earned a spot with 338% revenue growth, ranking 343 on the list.

“Consistent recognition on this list validates our relentless pursuit of innovation and excellence in security operations, delivering MDR services built on trust,” said Dave Merkel, CEO and co-founder of Expel. “We know that trust isn’t given; it’s earned. It’s why we work tirelessly to outpace evolving adversaries to provide our customers with the unmatched security outcomes they've come to rely on to keep their businesses running smoothly.”

This ranking comes hot on the heels of other major achievements this year, highlighting Expel’s leadership and customer-obsessed approach to security. Recently, Expel appointed cybersecurity pioneer and Mandiant founder, Kevin Mandia, to its board of directors, bringing over three decades of security leadership and expertise to help guide Expel’s next phase of growth. Mandia’s appointment complements Expel’s momentum, including strategic partnerships with industry titans like Wiz, Visa, and leading incident response (IR) firm, modePUSH, addressing an even broader range of customer and partner security needs.

“Our scalable approach to MDR replaces the outdated—and long-accepted—black-box cybersecurity model with full transparency and AI-powered machine speed, providing a breath of fresh air for customers and partners who are used to being left in the dark in their own environments,” said Yonni Shelmerdine, Chief Product Officer at Expel. “This paves the way both for outstanding security outcomes and stronger partnerships that keep improving as we grow.”

The result? Expel boasts an industry-leading Net Promoter Score (NPS) of 75 and a 20-minute mean-time-to-remediate on critical alerts—metrics typically unheard of in the security industry. The company also recently achieved 50% year-over-year revenue growth (FY23-FY24) and surpassed $100 million in annual recurring revenue as of FY24.

Other recent milestones for Expel include:

• Launching new, flexible MDR offerings to meet the varied security needs of modern organizations
• Earning a spot in the 2024 CRN® Partner Program Guide
• Being named a leader by IDC in the 2024 MarketScape for Worldwide Emerging MDR Services
• Expanding into Ireland with the creation of 50 high-skilled cybersecurity jobs

For more information about Expel’s unique approach to MDR, visit our overview page or contact the team any time.

About the 2024 Deloitte Technology Fast 500

Now in its 30^th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2020 to 2023.

In order to be eligible for Technology 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. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.

About Deloitte

Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including nearly 90% of the Fortune 500® and more than 8,500 U.S.-based private companies. At Deloitte, we strive to live our purpose of making an impact that matters by creating trust and confidence in a more equitable society. We leverage our unique blend of business acumen, command of technology, and strategic technology alliances to advise our clients across industries as they build their future. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Bringing more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte’s approximately 460,000 people worldwide connect for impact at www.deloitte.com.

About Expel

Expel is the leading managed detection and response (MDR) provider trusted by some of the world’s most recognizable brands to expel their adversaries, minimize risk, and build security resilience. Expel’s 24/7/365 coverage spans the widest breadth of attack surfaces, including cloud, with 100% transparency. We combine world-class security practitioners and our AI-driven platform, Expel Workbench™, to ingest billions of events monthly and still achieve a 20-minute critical alert MTTR. Expel augments existing programs to help customers maximize their security investments and focus on building trust—with their customers, partners, and employees. For more information, visit our website, check out our blog, or follow us on LinkedIn.

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