Vormetric Ranked a Fastest Growing Company in North America on Deloitte's 2014 Technology Fast 500™ for the Second Year
Attributes 206 percent revenue growth to increased global demand for solutions that help enterprises protect data-at-rest from attacks and meet growing compliance mandates
SAN JOSE, Calif., Nov. 18, 2014 /PRNewswire/ -- Vormetric, a leader in enterprise data security for physical, big data, public, private and hybrid cloud environments, today announced it ranked number 380 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. Vormetric grew 206 percent during this period.
Vormetric's chief executive officer, Alan Kessler, credits the increasing need for enterprises to protect data-at-rest to safeguard their organizations from attacks, meet new contractual requirements from their own customers and fulfill growing compliance mandates, to the company's 206 percent revenue growth.
"With organizations now having to face the reality that they can be penetrated by a determined cyber-attack, and with cloud, big data and SaaS environments adding additional risk, our focus on helping enterprises protect data-at-rest wherever it is stored and accessed is a clear driver for our continued strong growth, and our second year of membership in this elite group," said Alan Kessler, Vormetric's president and chief executive officer. "We also owe our increased standing on the list this year to our incredible customers and to the continued dedication of our employees and partners."
"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."
"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."
Vormetric previously ranked 435 as a Technology Fast 500™ award winner for 2013.
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.
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.
About Vormetric
Vormetric (@Vormetric) is the industry leader in data security solutions that span physical, big data and cloud environments. Data is the new currency and Vormetric helps over 1400 customers, including 17 of the Fortune 30 and many of the world's most security conscious government organizations, to meet compliance requirements and protect what matters — their sensitive data — from both internal and external threats. The company's scalable Vormetric Data Security Platform protects any file, any database and any application's data —anywhere it resides — with a high performance, market-leading data security platform that incorporates application transparent encryption, privileged user access controls, automation and security intelligence.
For more information, please visit: www.vormetric.com.
Vormetric is a trademark of Vormetric, Inc
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