Attributes 1453 Percent Revenue Growth to Increased Demand for Unified Security Management Platform
SAN FRANCISCO, Calif. – November 15, 2012— AlienVault, the only open and collaborative Unified Security Management platform, today announced it ranked 84th 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. AlienVault grew 1453 percent during the five-year period of 2007 to 2011. The company is experiencing continued and accelerated year-over-year growth in 2012.
“We’re honored to be recognized as one of the 2012 Technology Fast 500 companies,” said AlienVault CEO and President, Barmak Meftah. “Our exponential growth over the past year is the result of strong execution combined with technology innovation. By building all of the essential security capabilities—including SIEM—into our Unified Security Management platform, we’ve put all of the necessary security controls into one affordable and easy-to-deploy solution. We’re ‘democratizing’ security visibility by bringing it within the reach of anyone or any organization that needs it, and this is really resonating with the needs in the market.”
Overall, 2012 Technology Fast 500™ companies achieved revenue growth ranging from 128 percent to 279,684 percent from 2007 to 2011, with an average growth of 2,774 percent.
About Deloitte’s 2012 Technology Fast 500™
Technology Fast 500, conducted by Deloitte & Touche 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 2007 to 2011.
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.