NEW YORK, May 3, 2016 /PRNewswire/ -- Lynx Technology Partners, Inc. (Lynx), a trusted information security and IT risk management advisory firm, announces a fast start to 2016, with a significant growth in revenue that outpaced EBITDA projections by almost 500%, a new branding strategy, expansion of the executive team, opening of an additional office location, and recognition for "Outstanding" work at BNY Mellon. Traction on the Lynx Risk Manager® IT GRC platform was a key driver of this over-performance, allowing the company to acquire ten new customers and close almost $1 million in net-new product bookings for the Lynx Risk Manager® platform.
"It's been an incredibly fast start to a year that has already seen significant growth from the first quarter of 2015," commented Lynx Technology Partners' CEO, Rich Hlavka. "To keep up with the pace and continue the fast momentum, we have made significant investments in our people, product, and company branding to scale and meet demand for our solutions."
Notable Achievements in the First Quarter of 2016 Include:
- Closed Nearly $1M in Net-New Lynx Risk Manager® Bookings
- Achieved ~25% Revenue Growth in Q1 2016
- Realized Almost 500% Actual Increase from Projected EBITDA
- Launched New Company Image & Branding Initiatives
- Launched New Website (LynxGRC.com)
- Made Significant Upgrades and Modernized Development for Lynx Risk Manager®
- Won NMBC William J. Hunter "Outstanding Minority Business" Award for Work at BNY Mellon
- Awarded Inaugural Lynx Endowment Scholarship for Minority Students and Professionals in Cybersecurity
- Expanded Field Operations to Western U.S. with New Office in Arizona
- Expanded Leadership Team with Sales and Marketing Executives:
"With the significant growth of the past year, it was time to update our company brand identity to tell our story better and portray an image that more closely aligned with the value we add to our clients and partners," added Aric K. Perminter, Founder and Chairman of Lynx Technology Partners.
Lynx Technology Partners' brand overhaul included a new company logo and image featuring the qualities the company embodies from its namesake, the Lynx. These qualities consist of enhanced listening, the ability to see things others may miss, agility to adapt to changing environments, and fierce hunting and protection skills. The renewed branding strategy more clearly differentiates the company as an agile, loyal, flexible, and trusted ally that listens, watches for threats, and fiercely protects its partners. Lynx has proven this approach with multiple Fortune 500 customers.
The success of Lynx Technology Partners has not gone unnoticed by others within the business world, either. For instance, the company recently won the NMBC William J. Hunger "Outstanding Minority Business" Award for their work with BNY Mellon.
Because the company believes that success is earned by also giving back, Lynx was honored to contribute to their mission of increasing opportunities for women and minorities in Cybersecurity through a Foundation Endowment Scholarship awarded by Lynx at the ICMCP Inaugural Conference in March.
In addition to outperforming both sales and bookings from Q1 2016, Lynx also made significant investments in building their leadership team by hiring Mark Stevens as the VP of Sales, Don Leatham as VP of Product Management, and Christa Pusateri as VP of Marketing. The team has been assembled to build a repeatable and scalable sales and marketing practice to accommodate the rapid growth Lynx is already experiencing.
With this much success already accomplished in just one quarter, Lynx Technology Partners has established themselves as a dominant force within the risk management and security industry. This highly positive momentum will only continue as the company pushes forward toward ongoing success within the ever-changing information technology landscape in highly regulated industries.
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SOURCE Lynx Technology Partners