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Denver, CO, October 23, 2007 - Accuvant, Inc. was recognized as the fastest growing technology company in Colorado as indicated by their number one ranking on the prestigious Deloitte Technology Fast 50 Program for Colorado, a ranking of the 50 fastest growing technology, media, telecommunications, and life sciences companies in the state by Deloitte & Touche USA LLP, one of the nation's leading professional services organizations.
Rankings are based on the percentage revenue growth over five years from 2002-2006. Accuvant experienced an astonishing growth rate of 6,683% in this period. This year's Colorado Technology Fast 50 program is co-presented by Deloitte & Touche USA LLP, Holme Roberts & Owen LLP, Q ADVISORS, AeA and NASDAQ.
"Deloitte's Colorado Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today's very competitive technology environment," said Kurt Randall, Deloitte Tax LLP. "We applaud the successes of Accuvant and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years."
Accuvant's increase in revenues of 6,683 percent from 2002 to 2006 resulted in the top ranking of the Technology Fast 50 for Colorado. The average increase in revenues among companies who made the Technology Fast 50 for Colorado was 519 percent. The Colorado Fast 50 is a subset of the Deloitte 2007 Fast 500, a program that recognizes the fastest growing technology companies across America; on this list Accuvant came in at #25 out of 500.
Accuvant's VP of Sales and Co-Founder, Dan Burns, credits several key factors leading to their swift revenue pace. "For the past five years we have continually met and exceeded our sales goals by hiring exceptionally talented people, intimately knowing our customers' needs, and becoming a proven thought leader in the information security space. We have built a solid reputation as a world class security provider that has carried us far and has opened the door to new and repeat business."
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2002 and $5,000,000 in 2006, be headquartered in North America, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.
Companies from the 16 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte's Technology Fast 500 program, which ranks North America's top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
About Accuvant, Inc.
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 15 offices across the United States. For more information on Accuvant, please visit www.accuvant.com.
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Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Avisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.