Revenue Growth Attributed to Increasing Demand for Internal Threat Protection
LOS ANGELES – October 19, 2011 – Awareness Technologies Inc., the only provider of Complete Insider Threat Security On-Demand, was recognized on Deloitte’s Technology Fast 500TM ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. The company ranked number #188 on the 2011 ranking.
Awareness Technologies Chief Executive Officer, Brad Miller, credits the company’s 504 percent revenue growth to the rising demand for SaaS-based internal threat protection solutions among businesses in all industries. “While a company’s employees are one of the most valuable resources, they are also often the source of the most serious challenges when it comes to protecting confidential data, increasing productivity and profitability and assuring regulatory compliance. Businesses across all industries are increasingly recognizing the need for internal threat protection and looking for a complete solution that won’t break the bank,” said Miller. “We’re proud to be recognized on this prestigious ranking of the fastest growing technology companies for the second consecutive year.”
“Awareness Technologies, like all 2011 Technology Fast 500TM companies, has excelled in fostering innovation and channeling it into spectacular growth — against the backdrop of one of the most challenging economies in history,” said Eric Openshaw, vice chairman and U.S. technology, media and telecommunications leader, Deloitte LLP. “Deloitte recognizes Awareness Technologies for its remarkable accomplishment.”
“We are pleased to honor Awareness Technologies as a 2011 Technology Fast 500 company,” said Mark Jensen, managing partner, technology and venture capital services, Deloitte & Touche LLP. “As one of the fastest growing tech companies in North America, Awareness Technologies has demonstrated excellence in technological innovation, entrepreneurship and rapid growth.”
Awareness Technologies previously ranked Number 42 as a Technology Fast 500TM award winner for 2010. Overall, 2011 Technology Fast 500TM companies achieved revenue growth ranging from 134 percent to 70,211 percent from 2006 to 2010, with an average growth of 1,736 percent.
About Deloitte’s 2011 Technology Fast 500TM
Technology Fast 500, which was conducted by Deloitte & Touche LLP, a subsidiary of 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 2006 to 2010.
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 Awareness Technologies
As the pioneer in Unified Insider Threat Prevention, Awareness Technologies’ SaaS-based service is easily available and affordable for businesses of any size – especially the SMB market. Architected at the endpoint, clients can access 4 technologies including DLP, web filtering, employee monitoring and laptop recovery, through one agent download and one control console. Awareness Technologies has over 10,000 businesses world-wide currently depending on its solutions to protect their data from insider threats, and has been named on the 2011 Inc. 5000 and 2011 Software 500. For more information, please visit www.awarenesstechnologies.com.
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