October 23, 2012
Roswell, GA – AlgoSec, the market leader for Network Security Policy Management, today announced that its wholly owned subsidiary “AlgoSec Systems Ltd.” has been ranked 9th on the 2012 “Deloitte Technology Fast 50″ in Israel after achieving a five-year revenue growth of 726 percent.
Since the beginning of 2012, AlgoSec has added more than 140 new customers from all over the globe and spanning a wide variety of industry verticals including financial services, telecom, technology, media, education, energy, retail and more. Additionally, AlgoSec is the network security policy management vendor of choice for 13 of the Fortune 50 and 63 of the Fortune 500.
“Making the Deloitte Technology Fast 50 is a testament to a company’s commitment to technology”, said Tal Chen, partner in charge of the Deloitte Brightman Almagor Zohar Israel Technology Fast 50 Program. “With its 726 growth rate over five years, AlgoSec has proven that its leadership has the vision and determination to grow in difficult conditions.”
“To be ranked in the top 10 for the third consecutive year speaks to the value of security policy management solutions we provide to the market,” said Yuval Baron, CEO and co-founder of AlgoSec. “AlgoSec’s continued growth is due to our continued innovation that solves real problems for large organizations and our ability to deliver the best solutions and service to our customers.”
AlgoSec adds the Deloitte Top 50 to a growing list of notable industry accolades in 2012. In June, AlgoSec earned a five-star rating in SC Magazine’s Risk and Policy Management Group Review, the third consecutive year AlgoSec has earned a five-star product rating from SC Magazine. In May, AlgoSec was named a Red Herring 100 Finalist for the second consecutive year. In February, AlgoSec was awarded Information Security Products Guide “Best Deployment-Latin America.”
The “Technology Fast 50” Program recognizes the 50 fastest growing public or private technology companies. To determine the fastest growing companies, Deloitte reviewed fiscal year revenues over a five year period (2007-2011), calculated the revenue growth percentage over five years, and compared the growth of technology companies.
AlgoSec is the market leader in network security policy management. AlgoSec enables security and operations teams to intelligently automate the policy management of firewalls, routers, VPNs, proxies and related security devices, improving operational efficiency, ensuring compliance and reducing risk.
More than 900 of the world’s leading enterprises, MSSPs, auditors and consultancies rely on AlgoSec Security Management Suite for unmatched automation of firewall operations, auditing and compliance, risk analysis and the security change workflow.
AlgoSec is committed to the success of every single customer, and offers the industry’s only money-back guarantee.
For more information, visit www.AlgoSec.com.
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