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Attributes significant revenue growth to urgent need for enterprises to protect end-user data
MINNEAPOLISi, MN — Nov. 17, 2015 — /BackupReview.info/ — Code42, the leader in endpoint data protection and security for the enterprise, today announced it ranked 238 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Code42 grew 316 percent during this period.
Code42 President and CEO Joe Payne attributes the company’s continuous growth to its unique approach to end-user data backup and security, encryption, dominance protecting Macs in the enterprise and Code42 CrashPlan’s unmatched scalabilty in large enterprises. “2015 has been a milestone year for Code42,” said Payne. “We doubled our enterprise SaaS revenue year-over-year, secured $85 million in funding from world-class investors and continued building our enterprise customer base—for example, seven of the 10 world’s largest technology companies now trust us to protect their endpoint data. We are honored to be part of Deloitte’s 2015 Technology Fast 500 for a second year in a row and appreciate the recognition of our commitment to customers.”
“Amid a fierce business climate, there seems to be no shortage of new and established companies that are unlocking a seemingly unlimited potential for growth and advancement through technology’s continued disruption and proliferation across industries,” said Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. “It is inspiring to witness the innovative ways that companies are incorporating emerging technologies for business gains, be it cognitive computing, or the Internet of Things. We congratulate all those ranked on this year’s Fast 500 and look forward to seeing their continued growth into 2016.”
“Through the efforts and utilization of new and emerging technologies from these companies, we are witnessing greater business demands from across almost all industries,” added Jim Atwell, national managing partner of the emerging company practice, Deloitte & Touche LLP. “We look forward to the opportunity to serve these companies as they strive to grow to the next level—be it towards introducing new solutions or entering new markets—and with it make important and long lasting impressions on the technology market as a whole.”
Code42 previously ranked 95 on Deloitte’s Technology Fast 500™, and was recently named to Forbes’ list of America’s Most Promising Companies for the third consecutive year. For a complete list of Code42 achievements, visit the Honors page on the company’s website.
About Deloitte’s 2015 Technology Fast 500™
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 or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Source: Code 42 Software
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