ID Experts® Achieves Major Milestones in 2018 as Cyber Privacy Risks Grow

PORTLAND, Ore., Feb. 27, 2019 /PRNewswire/ -- ID Experts, the leading pure-play privacy technology company, today released its 2018 Year in Review highlighting record data breach bookings and individuals served.

"The cyber security world is at a crossroads as compromises in consumer privacy have grown in size and frequency, accompanied by increases in damage and risk to those compromised," commented ID Experts president and CEO Tom Kelly. "We are grateful to be trusted by Fortune 500 companies; federal, state and local government; leading universities – as well as small- and medium-sized businesses – to provide them, their employees and customers with our best-of-breed data breach and identity protection services."

Key 2018 Results

• New multiyear data breach bookings approaching $500 million.
• Protecting 30 million individuals affected by breaches.
• Another year of positive EBITDA and cash flow.
• Managed over 200 discrete data breach responses.
• Released new SaaS software platform; most advanced in our industry.
• Achieved NPS (Net Promoter Score) of 65; exceptional in any industry.
• Engaged in national conversations on cyber security and data privacy in outlets including Fox News, Investor's Business Daily, Nextgov, Corporate Board Member, Morning Consult and others.

2019 Outlook

The company has aggressive plans for growth in 2019 by expanding its channels to include employee benefits brokers and strategic partners, while enhancing its product offering to include more proactive capabilities for protecting individuals' identities and enhancing their digital privacy.

Company Investors

ID Experts is backed by an exceptional slate of venture capital and growth equity investors. These include Forgepoint Capital, a leading cyber security venture capital firm, Peloton Equity, a leading growth capital investor, and Sandbox Industries, the exclusive provider of investment management services to BlueCross BlueShield Venture Partners.

About ID Experts

ID Experts® is the leading pure-play privacy technology company in data breach and identity protection services. Its flagship MyIDCare SaaS digital privacy and identity protection product is based on a new, highly secure, cloud-native platform  utilizing a microservices architecture. The company is the largest provider of identity protection services to the U.S. government, trusted by hundreds of Fortune 500-sized organizations, and its product is used by millions of Americans, providing peace of mind from privacy cyber risks.

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SOURCE ID Experts