SUNNYVALE, Calif., Nov. 13, 2014 /PRNewswire/ -- Untangle, a security software and appliance company, today announced it ranked 216 on Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Untangle grew 445% percent during the review period.
Untangle's chief executive officer, Bob Walters, credits the company's unique direct, e-commerce sales model and channel partner strategy with the company's 445% revenue growth. Walters said, "Network policy management has become a necessity, as proven by the high demand from our customers for our next generation firewall. We remain committed to putting our open source, freemium software into the hands of customers without the typical security company hoops to jump through."
"The companies ranked on the 2014 Deloitte Technology Fast 500 continue to set the bar for their industry higher each year," said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications leader. "There are so many exciting products and smart thought leaders driving this list. We congratulate the Fast 500 companies and look forward to seeing them continue their momentum into 2015."
Overall, 2014 Technology Fast 500™ companies achieved revenue growth ranging from 135 percent to 123,678 percent from 2009 to 2013, with an average growth of 1,640 percent.
"For 20 years, the Deloitte Fast 500 rankings have honored the innovation that is part of these companies' DNA," added Jim Atwell, national managing partner of the emerging growth company practice, Deloitte & Touche LLP. "We're glad to be serving these high-growth companies, and helping the technology sector recognize the great strides and transformation these companies are making in their respective areas."
About Deloitte's 2014 Technology Fast 500™
Technology Fast 500, conducted by Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2009 to 2013.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years and be headquartered within North America.
Untangle makes an integrated suite of security software and appliances with enterprise-grade capabilities and consumer-oriented simplicity. Untangle's award-winning software is trusted by over 400,000 customers, protecting nearly 5 million people, their computers and networks. Untangle is committed to putting its transparently priced software directly in the hands of its users for evaluation via free download. With this try-before-you-buy approach, Untangle enables organizations to take control of their systems within minutes and at no risk. Untangle is headquartered in San Jose, California. For more information, visit untangle.com or call (866) 233-2296.