Case Studies›Panaseer
PipeGenLead GenerationB2B DataSecurity Software

$4M+ Pipeline for a Cyber Security SaaS on a Limited Budget

How Nexsales replaced Panaseer's disbanded BDR team and event-dependent pipeline with 31 SQLs and $4.01M in qualified opportunities — outperforming the team it replaced.

Panaseer
Panaseer

US-based cybersecurity SaaS company offering continuous controls monitoring for enterprise security, risk, and compliance teams across Financial Services, Healthcare, and other regulated industries.

IndustrySecurity Software
Revenue$6.9M
ServicePipeGen — Lead Generation
RegionUnited States
⚠️
The Challenge

BDR Team Gone. Events as the Only Pipeline Source.

Panaseer's 4-member internal BDR team was let go in a cost-cutting exercise, eliminating all outbound pipeline generation capability overnight.

The company's primary source for new clients was tradeshows and events — an expensive, unpredictable, and non-scalable acquisition channel.

Operating on a limited budget, the team needed a cost-efficient external partner who could replace and outperform their previous BDR output.

Expanding the programme was constrained by budget, making quality-over-quantity the only viable approach to pipeline generation.

$6.9M

revenue security software company scaling outbound on a limited budget

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The Solution

Cost-Efficient Cyber Security Pipeline Engine

Nexsales deployed a targeted mid-and-bottom-of-funnel programme anchored in risk and compliance messaging — reaching the precise GRC and Cyber Security leadership personas who needed what Panaseer offered.

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01

ICP & Targeting Framework

  • Targeted Financial Services & Insurance, Consumer Services & Retail, Media & Telecom, Healthcare, Energy, Aviation, Management Consulting, and Cyber Insurance
  • Focused on companies with 2,500+ employees across the US
  • Director, VP, and C-level contacts in Governance, Compliance, Risk, GRC, Controls, Cyber Risk Management
⚡
02

Control Visibility Messaging Campaign

  • 'Manual control reporting is obsolete. Get audit-ready, real-time evidence across all your tools'
  • 'Get complete, accurate visibility into your control landscape across every tool, team, and asset'
  • 'Cut through the noise with risk-based, contextual insights that tell you what's truly critical'
  • Channels: LinkedIn, Email, and Phone — three-touch cadence optimized for security leadership
🎯
03

Middle & Bottom-of-Funnel Delivery

  • Generated both HQLs and SQLs — a wider funnel approach to maximise coverage within budget constraints
  • In comparison to their internal BDR team, significantly higher quality leads were delivered to the sales team
  • BI and data platforms used to score and prioritize accounts by cyber security budget signals
📈
The Impact

$4M+ Pipeline. Higher Quality Than the Internal Team.

17

Highly Qualified Leads (HQLs)

31

Sales Qualified Leads (SQLs)

$4.01M

in qualified pipeline created

Efficiency gain vs. internal team
Internal BDR Team
4 headcount, limited output, cost-heavy
→
Nexsales Partnership
Significantly higher lead quality, lower cost
Key Takeaway
"When budget is constrained, the answer is sharper targeting and higher quality — not fewer leads."

Panaseer's programme proved that a focused, consultative outbound engine can outperform an internal team — even at a fraction of the headcount cost.

Want results like Panaseer's?

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