Four consecutive years on the Deloitte Technology Fast 500! This is a highlight that I am super excited about. In a market of 3,500 plus cybersecurity companies, Onapsis's revenue grew 254% between 2016 and 2019, earning recognition among the fastest-growing cybersecurity companies and one of the 10 highest-ranked companies based in Boston.
Now in its 26th year, Deloitte’s Technology Fast 500 provides a ranking of the fastest-growing technology in North America. 2020 Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2016 to 2019.
Achieving the Deloitte ranking and 254% revenue growth is a significant milestone. This recognition is a testament to the dedication of our success-driven team, our Onas. It is also a strong acknowledgment by our customers and partners of the value they are getting from our leading solution as they protect their mission-critical applications.
The progressive recognition from Deloitte demonstrates our ability to consistently grow and meet customer demands. This past year we continued to execute this mission with a new $55M growth round of funding that is fueling our expansion into mission-critical SaaS applications, from SAP, Oracle, Salesforce, Workday and other leading cloud application vendors. We are now uniquely positioned to help the intelligent enterprise accelerate digital transformation initiatives with confidence for on-premises, hosted and cloud-based mission-critical applications.
So far in 2020, Onapsis achieved more than 145% growth in net new annual recurring revenue, 98% existing customer retention rate and one of the industry’s highest NPS scores. Additionally, Onapsis has entered a strategic partnership with SAP and The Onapsis Platform has been recognized as an SAP Endorsed App for cybersecurity and compliance. Today, Onapsis is trusted by more than 300 of the largest global enterprises, including more than 20% of the Fortune 100, to protect their cloud, hybrid and on-premises mission-critical applications.
What excites me the most about this recognition is that we are still revving the engines. We have an incredible opportunity ahead of us as we continue to build Onapsis and strengthen our position as the standard for protecting mission-critical applications from the core to the cloud.
Stayed tuned to hear more about the “NEW” Onapsis...coming soon!