September 28, 2011
Roswell, GA – AlgoSec, the market leader for Network Security Policy Management, today announced that its wholly owned subsidiary “AlgoSec Systems Ltd.” has been ranked 10th on the 2011 “Deloitte Technology Fast 50″ in Israel after achieving a five-year revenue growth of 1158 percent.
Since the beginning of 2011, AlgoSec has added more than 120 new customers, averaging a new customer every one-and-a-half business days. Additionally, AlgoSec is the network security policy management vendor of choice for more than a dozen of the Fortune 50.
“Achieving sustained revenue growth of 1158% over five years is a tremendous accomplishment for a technology company operating in a competitive world”, said Tal Chen, partner in charge of the Deloitte Brightman Almagor Zohar Israel Technology Fast 50 Program. AlgoSec deserves a lot of credit for its remarkable growth, and we commend them for it.”
“We were honored to be recognized by Deloitte in 2010, so we consider it twice the accomplishment to make the top ten for the second consecutive year,” said Yuval Baron, CEO and co-founder of AlgoSec. “AlgoSec continues to experience strong growth in a growing market and I am confident our focus on delivering our customers the best technology coupled with the most dedicated customer service will continue to drive our success.”
AlgoSec adds the Deloitte Top 50 to a growing list of notable distinctions in 2011. In July, AlgoSec was recognized as a Red Herring 100 Finalist. In April, AlgoSec earned a 5-Star Channel Partner distinction from CRN. In March, AlgoSec was named a finalist for The Network Products Guide Award in the Hot Company and Best Policy Management categories. Earlier this year, AlgoSec was a winner for Best Support Initiative and a finalist for Best Policy Management in the Information Security Products Guide Awards. The AlgoSec Security Management Suite has also received a 5/5 star rating from SC Magazine.
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 five years (2006-2010), 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 and related devices, improving overall security while reducing costs. More than 700 of the world’s leading enterprises, MSSPs, auditors and consultancies rely on AlgoSec’s Deep Policy Inspection™ technology for unmatched automation of firewall operations, auditing and compliance, risk analysis and the security change lifecycle. To ensure the success of every single customer, AlgoSec offers the industry’s only money-back guarantee.
For more information visit www.AlgoSec.com or visit the “Playing with Fire” blog.
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