Over the last year, Action1 has received multiple acquisition inquiries, including some from well-known industry players. The entire Action1 team is honored by this level of interest, as it validates our strategy to become a leader in patch management and a key player in the industry. We are deeply grateful to our incredible team and to the many IT professionals who have placed their trust in Action1.
Action1’s ultimate vision is a world where cyberattacks exploiting vulnerabilities are entirely prevented across all types of devices, operating systems, and applications.
After carefully evaluating various options, we concluded that remaining founder-led is the best path to achieving our vision. While turning down significant financial opportunities is emotionally hard, we believe that our future is far brighter by staying independent.
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 being on track to soon reach $100 million ARR, the founders are confident in their ability to execute the long-term vision.
We look forward to continuing on the path of innovation and extend our heartfelt thanks to all our customers worldwide.
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.
