Attributes 174 Percent Revenue Growth to Tremendous Cloud and Customer Momentum
Washington D.C., November 16, 2018 — Thycotic, provider of privileged account management (PAM) solutions for more than 10,000 organizations worldwide, today announced it ranked No. 436 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 174 percent during this period.
Thycotic’s Chief Executive Officer, James Legg, credits its growing cloud customer base of nearly 1,000 customers and its success with Fortune 500 companies.
“Privileged account passwords represent one of the most vulnerable aspects of an organization’s IT infrastructure and exist in nearly every connected device, throughout on-premise and cloud-based datacenters,” said Legg. “As a result, we believe that an increasing portion of the IT security budget, and specifically the datacenter security spend, will be allocated for privileged account security solutions.”
Thycotic’s Secret Server protects organizations from cyberattacks that target privileged accounts to get at critical information assets within organizations. The solution was recently awarded the 2018 Fortress Cyber Security Award back in April and was named a Best of VMworld finalist during the 2018 VMworld Conference.
About Deloitte’s 2018 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 2014 to 2017.
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.
*** This is a Security Bloggers Network syndicated blog from Thycotic authored by Jordan True. Read the original post at: http://feedproxy.google.com/~r/Thycotic/~3/_FdEsRFIU5A/