AppRiver Named to Deloitte's 2009 Technology Fast 500
AppRiver, LLC, a leading provider of e-mail messaging and Web security solutions, is proud to announce that it ranked No. 189 on the 2009 Technology Fast 500™, Deloitte LLP's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the five-year period from 2004-2008.
"Technology Fast 500 recognizes innovative companies that have broken down barriers to success and defied the odds with their remarkable five-year revenue growth," said Phil Asmundson, Vice Chairman and U.S. Technology, Media and Telecommunications leader, Deloitte LLP. "We congratulate AppRiver on this significant accomplishment."
"Achieving our place on Deloitte's list of top growth companies is an extraordinary honor," said Michael Murdoch, CEO, AppRiver. "It is further acknowledgement of the value cloud computing is bringing to customers. As companies look to save time and money, outsourcing a variety of IT security needs to AppRiver has proven to be an excellent economic decision. Given our commitment to innovation and fulfilling our customers' distinct needs, we are well-positioned to continue this great momentum."
AppRiver's scalable and performance-leading Software-as-a-Service solutions have accelerated the company's growth by 722 percent during the past five years. AppRiver's technology now protects more than 40,000 customers worldwide from multi-vector blended IT threats with its award-winning security solutions, which include e-mail security, e-mail hosting, archiving and encryption services.
"To rank on Deloitte's Technology Fast 500, companies must have achieved tremendous five-year revenue growth," said Mark Jensen, Managing Partner, Technology and Venture Capital Services, Deloitte & Touche LLP. "With its impressive 722 percent growth, AppRiver has earned its position among the fastest growing technology companies in North America. Deloitte is proud to honor AppRiver for its achievement."
Technology Fast 500 Selection and Qualifying Criteria
Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. This ranking is compiled from nominations submitted directly to the Technology Fast 500 Web site and public company database research conducted by Deloitte. Technology Fast 500 award winners for 2009 are selected based on percentage fiscal year revenue growth during the five-year period from 2004 to 2008.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues. Using other companies' technology or intellectual property in a unique way does not satisfy this requirement. Consulting companies, professional service firms, etc. are not eligible unless they have proprietary technology that contributes to a significant portion of their operating revenues.
Technology Fast 500 award eligibility requirements also include base-year operating revenues of at least $50,000 USD or CD and current-year operating revenues of at least $5 million USD or CD. These revenues must have more than doubled between 2004 and 2008. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.