ATLANTA, Nov. 14, 2017 /CNW/ -- Simeio Solutions today announced it ranked #355 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. Simeio Solutions grew 226% during this period.
Simeio Solutions Chief Executive Officer Hemen Vimadalal credits Simeio's holistic approach to "all things identity" for the company's 226% revenue growth. He said, "Strong cybersecurity efforts are more critical than ever. We see extremely reliable brands showing up in the news almost every day – breached, hacked, compromised. In almost all these cases, the common thread is the lack of efficient, expert Identity and Access Management (IAM) services which is an absolute cornerstone of cybersecurity risk mitigation!"
He continues, "It's not just the intensity of the cybersecurity focus that's increasing, it's also the scope. Discussions about intelligently delivered IAM are no longer constrained to IT departments. These issues are now also popping up in C-level board rooms all across the globe. Simeio's been handling "all things identity" for hundreds of clients for almost ten years now."
President & COO Krishna Prabhu agrees, "Identity is an extremely hot topic in the IT industry today -- in any size business, in just about every vertical. It's a vital building block for companies trying to "go digital." This skyrocketing growth and increased focus on identity is one of the main reasons I left a Fortune 100 Technology company to join Simeio Solutions. I was excited by the opportunity to work with a market leader like Simeio while it is still in its rapid expansion mode. We currently manage 100+ million identities and we expect to add another 50 million managed identities in the first half of 2018."
"Our growth, as recognized by Deloitte, is the direct result of our steadfast focus on being a complete, one-stop IAM service provider. Simeio's Identity Services run via the cloud, on-premise or hybrid and our industry-leading Identity Platform gives our clients the capabilities and expertise they need to be best-of-breed." This is the third year in a row that Simeio has been named as a Technology Fast 500™ award winner.
"The Deloitte 2017 North America Technology Fast 500 winners underscore the impact of technological innovation and world class customer service in driving growth, in a fiercely competitive environment," said Sandra Shirai, vice chairman, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. "These companies are on the cutting edge and are transforming the way we do business. We extend our sincere congratulations to all the winners for achieving remarkable growth while delivering new services and experiences for their customers."
"Emerging growth companies are powering innovation in the broader economy. The growth rates delivered by the companies on this year's North America Technology Fast 500 ranking are a bright spot for the capital markets and a strong indicator that the emerging growth technology sector will continue to deliver a strong return on investment," said Heather Gates, national managing director of Deloitte & Touche LLP's emerging growth company practice. "Deloitte is dedicated to supporting the best and brightest companies of the future in the emerging growth company sector. We are proud to acknowledge the significant accomplishments of this year's Fast 500 winners."
Overall, 2017 Technology Fast 500™ companies achieved revenue growth ranging from 135 percent to 59,093 percent from 2013 to 2016, with median growth of 380 percent.
About Deloitte's 2017 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 2013 to 2016.
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.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as "Deloitte Global") does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
About Simeio Solutions
Simeio Solutions provides the industry's most complete set of enterprise-grade security and identity capabilities as a managed service, including: Identity Administration; Access Governance; Privileged Identity Management; Access Management & Federation; Core Directory Services; Security & Risk Intelligence; Data Security & Loss Prevention; and Cloud Security. All of Simeio's Managed Identity Services are backed by the Simeio Identity Intelligence Center™ (IIC), which brings together best-of-breed platform technologies, total visibility through a 'single pane of glass,' field-proven processes & methodologies, and the most skilled security & identity experts anywhere.
Headquartered in Atlanta, GA and with offices around the world, Simeio provides services to Global 2000 companies across all industries, including financial services, hospitality, technology, healthcare, utilities, education and government. To learn more about Simeio Solutions, visit http://www.simeiosolutions.com.
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