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Revenue growth is attributed to increased customer demand and market credibility
DENVER, CO., November 12, 2008 - Accuvant today announced that it ranked number 125 on Deloitte's 2008 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage of fiscal year revenue growth over five years, from 2003-2007. Accuvant grew 1298% during this period.
Accuvant's CEO, Scott Walker, credits growing client demand for information security projects, as well as a proven track record in helping clients achieve their security and compliance requirements with the company's 1298% revenue growth over the past five years.
"Each company on Deloitte's Technology Fast 500 is an innovator with an exceptional five-year track record of growth," said Phil Asmundson, Deloitte LLP vice chairman and national managing partner for Technology, Media and Telecommunications. "Accuvant has earned its position among the fastest growing companies in North America, and we are proud to honor this important accomplishment."
Accuvant previously ranked 25 on Deloitte's 2007 Technology Fast 500. Additionally, Accuvant ranked third on Colorado's 2008 Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in Colorado.
Fast 500 Selection and Qualifying Criteria
The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte's regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2003 to 2007.
Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.
Accuvant is the nation's premier information security and compliance management consulting firm. Accuvant security advisors use industry expertise and proven methodologies to help large enterprises assess their environments, improve their compliance postures, and secure their infrastructures. Headquartered in Denver, Accuvant has 21 offices across the United States. For more information on Accuvant, please visit www.accuvant.com.
As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.