Cyber Risk Management Pioneer Achieves 235% Growth Rate
Sunnyvale, Calif. & Albuquerque, N.M. – November 18, 2016 – RiskSense® Inc.
, the pioneer and market leader in pro-active cyber risk management, today announced it was ranked for the first time on the Deloitte Technology Fast 500 list of fastest growing companies in North America. The annual ranking spans the technology, media, telecommunications, life sciences, and energy tech sectors.
RiskSense, which has pioneered the category of cyber risk management, achieved a 235% growth rate from 2012 to 2015. Overall, 2016 Technology Fast 500™ companies achieved revenue growth ranging from 121 percent to 66,661 percent from 2012 to 2015, with median growth of 290 percent. The company ranked 178th in the software technology category and 319th overall on the list.
“Being ranked on the Deloitte Technology Fast 500 this year demonstrates how rapidly RiskSense is growing and the high rate of customer adoption we are achieving,” said Dr. Srinivas Mukkamala, co-founder and chief executive officer of RiskSense. “Businesses and government agencies are literally drowning in cyber security data. The RiskSense Platform enables them to identify and remediate vulnerabilities buried in siloed systems, while improving operational and cost efficiencies.”
“Today, when every organization can be a tech company, the most effective businesses not only foster the courage to explore change, but also encourage creativity in using and applying existing assets in new ways, as resourcefully as possible,” said Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media, and telecommunications industry leader. “This ingenious approach to innovation calls for the encouragement of curiosity and collaboration both within and outside the office walls.”
“This year’s Fast 500 winners showcase that when organizations are open to diverse perspectives and insights, they are able to create an environment for their employees and customers to see the possibilities and ingenious solutions that might lie ahead,” added Jim Atwell, national managing partner of the emerging growth company practice, Deloitte & Touche LLP. “Entrepreneurial environments foster change and innovation within businesses, and we look forward to watching these companies continue to drive change across all sectors.”
RiskSense is changing the way organizations detect and manage cyber risk, reducing time from detection to remediation from months to minutes by unifying and contextualizing internal security intelligence, external threat data, and business criticality. The RiskSense Platform
is the first cyber risk management solution with an intelligence-driven approach that enables organizations to pro-actively discover and address security gaps that pose the most severe risks to their operations. RiskSense extracts actionable intelligence from the massive volume of data generated by a patchwork of cyber security products, including vulnerability scanners, threat intelligence feeds, and other complex security systems. This allows enterprises and governments to quickly understand their particular cyber risk exposure across a growing attack surface, quickly orchestrate remediation, and monitor the results. Rather than adding even more security tools, organizations have with RiskSense a new, significantly more efficient and effective approach to enterprise security.
About Deloitte’s 2016 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 2012 to 2015.
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.
As used in this document, “Deloitte” means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.