Wombat Security Technologies has been included in the 2016 Deloitte Technology Fast 500 list, securing position 144.
Each year, Deloitte produces its Fast 500 lists which recognize the fastest growing technology, telecoms, media, life sciences and energy companies in North America. To be included in the list, firms must have enjoyed exceptional growth.
Not all companies qualify for inclusion. Companies must have developed proprietary intellectual property or technology that is sold to their customers that contributes to operating revenues, while base year operating revenues of at least $50,000 are required with a minimum current operating year turnover of $5 million.
This year’s list includes firms with growth ranging from 121% to 66,661% over the period from 2012 to 2015, with the average growth enjoyed by companies being 290%. Over that period, Wombat Security Technologies enjoyed growth of 602%. Wombat Security Technologies is the only Pittsburg-based company to make it on this year’s Technology Fast 500 list. This is the second consecutive year that Wombat Security Technologies has been included on the list.
Wombat has developed an innovative information security awareness program that helps organizations teach their employees to be more security conscious and change their behavior to reduce risk. The platform consists of interactive training modules, integrated broad assessments and a simulated attack system featuring a library of common attack scenarios. The security awareness program has been shown to reduce susceptibility to phishing attacks and malware infections by up to 90%.
The excellent growth enjoyed by Wombat has been attributed to the massive growth in the cybersecurity threat landscape in recent years, the growing need for security solutions to protect against data security threats and the realization by business leaders that security awareness programs are highly effective at reducing risk.
Wombat’s President and CEO, Joe Ferrara said, “Over the last three years, Wombat continues to see accelerated order, customer and employee growth, and we see this purely as a result of higher demand for effective security training programs across enterprises in all verticals and Wombat’s unique ability to meet that demand.”