# Opener

Axio Sustains Outstanding YoY Growth in Q1 2022 Amidst Growing Demand for Cyber Risk Quantification 

Published by Axio

New York, NY — April 12, 2022: Axio, the global leader in cyber risk management and quantification software, today announced its strongest quarterly performance in company history in Q1 2022, as organizations increasingly adopt cyber risk quantification solutions as a mandatory component of their cybersecurity programs. Highlights from Q1 include sales bookings doubled year-over-year, 31% growth in new logos acquisition, and the addition of several marquee clients such as Major League Soccer.  

“We are extremely proud of our Q1 results and our company’s broader trajectory across 2022, since cyber risk quantification is now a mandatory component of corporate cybersecurity programs,” said Scott Kannry, CEO and Co-Founder of Axio. “The demand for cyber risk quantification is just beginning and will only intensify after the SEC’s new regulation governing cybersecurity risk management takes effect later this year,” continued Kannry.  

In Q1, Axio also secured a strategic multi-year engagement with Major League Soccer (MLS) to provide cyber risk quantification across all MLS member clubs. John Sullivan, Chief Information Officer of MLS remarked: We are excited to be partnering with Axio in helping our member organizations build stronger, more resilient cybersecurity programs. With increasing attacks across all sectors, Axio is uniquely positioned to help companies identify critical cyber risks and operationalize improvements.”  

About Axio: Axio is the leader in SaaS-based risk management software, which empowers security leaders to build and optimize security programs and quantify risk for better investment prioritization and decision-making. Since 2013, Axio has been a trusted partner of the world’s leading critical infrastructure, manufacturing, and financial services organizations. Axio360 is the only risk management platform designed to align security leaders, business leaders, executives, and Boards of Directors around a common set of benchmarks, performance metrics, and shared understanding of the most critical corporate risks. Learn more at https://www.axio.com.