October 20, 2009
Attributes its 441% Percent Revenue Growth to its Unified Security Monitoring Approach to Cybersecurity
Tenable Network Security, Inc., the leader in Unified Security Monitoring™ and creator of the popular and award-winning Nessus® vulnerability scanner, today announced it ranked number 290 on Technology Fast 500™, Deloitte LLP’s ranking 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. Tenable’s revenue grew 441% during this period.
Tenable’s CEO, Ron Gula, credits innovative product development and strong customer acceptance with the companies 441% percent revenue growth over the past five years. “Being recognized as one of the fastest growing companies in North America is an honor that we share with our customers who from the beginning believed in our vision, approach and products for IT security and compliance management,” said Ron Gula, CEO of Tenable. “We thank Deloitte for the ranking that validates our efforts to help organizations worldwide monitor their IT security and achieve compliance.”
“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 Tenable on this accomplishment.”
“With its impressive five-year growth, Tenable has earned its position among the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America,” said Mark Jensen, Managing Partner, Technology and Venture Capital Services, Deloitte & Touche LLP. “Deloitte is proud to honor Tenable for its achievement.”
Tenable Continues Strong Performance
For the first six months of 2009, Tenable has continued to deliver exceedingly strong growth in one of the worst economies in years. Tenable’s revenue growth for the first six months of 2009 are up over 100% when compared to the same time in 2008. Also during the first half of 2009, Tenable’s products have earned multiple awards and accolades from various periodicals and industry trades.
Tenable’s Social Responsibility and Contributions
In 2008, Tenable released two global programs that were focused on supporting charitable organizations and information security training organizations. A year after releasing these programs, we are excited to report that over 120 charitable organizations and countless educational and training organizations world-wide are participating and benefitting from these programs and that the value of the services that Tenable has contributed to these efforts is approaching one million dollars.
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™ website, 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.
“Deloitte” is the brand under which tens of thousands of dedicated professionals in independent firms throughout the world collaborate to provide audit, consulting, financial advisory, risk management, and tax services to selected clients. These firms are members of Deloitte Touche Tohmatsu (DTT), a Swiss Verein. Each member firm provides services in a particular geographic area and is subject to the laws and professional regulations of the particular country or countries in which it operates. DTT helps coordinate the activities of the member firms but does not itself provide services to clients. DTT and the member firms are separate and distinct legal entities, which cannot obligate the other entities. DTT and each DTT member firm are only liable for their own acts or omissions, and not those of each other. Each of the member firms operates under the names “Deloitte,” “Deloitte & Touche,” “Deloitte Touche Tohmatsu,” or other related names. Each DTT member firm is structured differently in accordance with national laws, regulations, customary practice, and other factors, and may secure the provision of professional services in their territories through subsidiaries, affiliates and/or other entities.