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Judging panel comprised of influential venture capital firms recognizes Code42 as a “career-launching” tech company with growth trajectory exceeding 50 percent over the next three years

MINNEAPOLIS, MN – Oct. 27, 2014 — /BackupReview.info/ – Code42, the leader in endpoint data protection and management for business and enterprise, today announced it has been named to Wealthfront’s annual list of “106 Mid-Size Companies With Momentum.” According to Wealthfront, these technology companies are “highly likely to succeed” and represent “ideal places for young people to start their careers.”

Code42 was one of 33 companies added to the list in 2014. To qualify, a technology company must be privately held, have revenues between $20 million and $300 million, and be on a trajectory to grow at a rate in excess of 50 percent over at least the next three years. To compile the list, Wealthfront interviewed partners at 11 different venture capital firms: Accel Partners, Andreessen Horowitz, Benchmark Capital, DAG Ventures, Greylock Partners, Index Ventures, Kleiner Perkins Caufield & Byers, Matrix Partners, Redpoint Ventures, Sequoia Capital and The Social+Capital Partnership.

“We solve a critical problem faced by today’s enterprises: how to protect and manage all of the files living on devices outside the controlled environment of the data center,” said Matthew Dornquast, co-founder and chief executive officer at Code42. “Code42’s momentum and growth is due largely to the unique, efficient way we do this for our customers, combined with the incredibly talented, driven team we have in place. We are pleased to be named a ‘career-launching company’ and recognized for all of our hard work.”

This recognition marks the latest in a series of 2014 honors recognizing Code42 for its growth and market leadership. The company was named one of “America’s Most Promising Companies” by Forbes, and was included in the “Inc. 5000 List of Fastest Growing Companies” for the fourth consecutive year. For more information on the company’s recent honors, visit its awards page.

Read the full Wealthfront list at http://bit.ly/1uxNCqV

Tweet this news to your networks:
.@Code42 named a career-launching company in @Wealthfront list of tech companies with momentum. http://tinyurl.com/pef5h68

About WealthFront
Wealthfront is an automated investment service managing over $1.5 billion in client assets. The service combines world class financial expertise and leading edge technology to provide sophisticated investment management at prices affordable for everyone. Launched in 2011, the company has raised over $65 million in funding to date from Index Ventures, Ribbit Capital, Social + Capital and DAG Ventures and is based in Palo Alto, CA. For more information please visit www.wealthfront.com.

About Code42
Code42 is the endpoint data protection and management company that provides secure, integrated file sharing and backup at work, at home and everywhere in-between. The company’s award-winning products have become the gold standard for the enterprise, trusted by the most recognized brands in business and education, including Expedia, Procter & Gamble, Genentech/Roche and Harvard. Code42 is headquartered in Minneapolis and backed by Accel Partners and Split Rock Partners.

For more information on the company and its solutions, visit www.code42.com

Media Contact
Matt Coolidge
Bateman Group for Code42
code42@bateman-group.com
1.347.410.7974

Source: Code 42 Software

 

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