Oct 1 (Reuters) - Menlo Security's annual recurring

revenue (ARR) has exceeded $100 million, rising by about 30%

from the prior year, CEO Amir Ben-Efraim said in an interview,

and expects to be cash flow positive by 2025.

The ARR milestone comes four years after the startup, which

focuses on secure browser offerings, raised $100 million from

investors led by Vista Equity Partners at a valuation of $800

million. ARR measures the income subscription-based

software-as-a-service companies gain from their term-based

agreements and demonstrates predictability in revenue.

Menlo has tripled its overall revenue since that venture

funding and doesn't need to raise another round of funding,

Ben-Efraim said in the interview last week.

Despite the outlook for positive cash flow, Ben-Efraim does

not see an initial public offering imminent, which could take

three years' of preparations.

"We're operating the company profitably, and therefore don't

have the requirement to raise capital to keep going," he said.

"If an IPO is the right path, then in two to three years

from now, if the markets are accepting of it and we're ready,

that's a great path. And I believe good options always emerge if

you have a great company," he said, adding he is also open to

considering acquisition offers if they emerge.

Menlo provides secure browsing products on devices and

browsers to more than 1,000 large enterprises across finance and

retail industries, as well as government agencies.

As part of its growth strategy, Menlo is continuing to

expand partnerships with major giants like Google,

utilizing direct and partner-driven sales, Ben-Efraim said.

It also plans to build out its footprint globally, including

in Europe and Asia. The company is exploring tuck-in

acquisitions in areas like document management to broaden its

security solutions, he said.