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