November 14, 2013
Boston, Massachusetts – AlgoSec, the market leader for Security Policy Management, today announced it ranked 221 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. AlgoSec grew 482 percent during the period of 2008-2012.
“Being ranked in the Deloitte Technology Fast 500 is a testament to our vision and execution of enabling organizations to manage security at the speed of business,” said Yuval Baron, Chairman, President and CEO of AlgoSec. “With organizations struggling to manage security in increasingly complex data centers and networks, AlgoSec is focused on delivering innovative solutions that eliminate the trade-off between security and agility and address evolving security and IT requirements. Coupling our solutions with our unending drive to ensure our customers’ satisfaction has helped us achieve this rapid growth.”
In addition to providing security policy management solutions to 40 percent of the Fortune 50, AlgoSec has continued to make advances in product development, sales and industry recognition, achieving numerous milestones in 2013, including:
“The 2013 Deloitte Technology Fast 500 companies are exemplary cases of those spurring growth in a tough market through innovation,” said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications leader. “This year’s list is a who’s who of companies behind the most exciting and innovative products and services in the technology space. We congratulate the Fast 500 companies and look forward to what they do next.”
“The fastest growing companies in the US are drivers of constant innovation and operate with the agility to stay ahead of a quickly evolving marketplace, and software, biotech/pharma and Internet companies continue to be at the forefront,” added James Atwell, national managing partner of the Emerging Growth Company practice, Deloitte Services LP. “The companies excelling in these sectors have a start-up mentality that allows them to be nimble and adapt quickly, which is why they consistently lead the list of fast-growing companies each year.”
Overall, 2013 Technology Fast 500 ™ companies achieved revenue growth ranging from 137 percent to 208,897 percent from 2008 to 2012, with an average growth of 2,600 percent.
About Deloitte’s 2013 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 2008 to 2012.
AlgoSec is the market leader for security policy management, enabling organizations to manage security at the speed of business. The AlgoSec Suite of products automates management of complex policies across firewalls, routers, switches, secure web gateways and more. Bridging traditional gaps between security, network and application teams, the AlgoSec Suite improves business agility, increases security and ensures continuous compliance.
More than 1000 of the world’s leading organizations, including 15 of the Fortune 50, rely on AlgoSec for faster security provisioning of business applications, simplified security operations and improved protection against cyber-attacks.
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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