By Jordan True
Washington D.C., November 9, 2017 — Thycotic, a provider of privileged account management (PAM) solutions for more than 7,500 organizations worldwide, today announced it ranked No. 321 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Thycotic grew 253 percent during this period and has moved 72 spots since its ranking No. 393 in 2016.
Overall, 2017 Technology Fast 500™ companies achieved revenue growth ranging from 135 percent to 59,093 percent from 2013 to 2016, with median growth of 380 percent.
“The surge in organizations looking for solutions to protect their privileged accounts is jaw-dropping,” said James Legg, CEO of Thycotic. “The recent cyberattacks through privileged accounts displays the lack of security within organizations and proves how much damage an intruder can do from a monetary and reputational standpoint. Our No. 1 mission is to protect our customers’ crown jewels and this listing shows the success we’ve had.”
Thycotic’s Secret Server introduces a fundamental security layer to protect against cyberattacks that target privileged accounts to get at critical information assets within organizations. The solution automates the management and security of enterprise privileged accounts from a single console, saving time and money while reducing risk. Thycotic’s Secret Server solution enables organizations of all sizes to store, distribute, change and audit enterprise passwords in a secure environment.
About Deloitte’s 2017 Technology Fast 500™
Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2013 to 2016.
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, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
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