November 3, 2008
WhiteHat Security Ranked Number Ten in Deloitte’s Technology Fast 50 Program for Silicon Valley Internet, Media, Entertainment and Communications Companies
SANTA CLARA, Calif., Nov. 3 /PRNewswire/ -- WhiteHat Security, the leading provider of website security solutions, has been named to Deloitte's Technology Fast 50 Program for Silicon Valley Internet, Media, Entertainment and Communications companies. This year's Silicon Valley Technology Fast 50 program is co-presented by Deloitte, Silicon Valley Bank, Korn/Ferry International, Cooley Godward Kronish LLP, Cornish & Carey Client Solutions and ABD Insurance and Financial Services - A Wells Fargo Company. Rankings are based on the percentage revenue growth over five years from fiscal year 2003-2007.
"Deloitte's Silicon Valley Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today's very competitive technology environment," said Mark Jensen, Managing Partner, National Venture Capital Services, Deloitte & Touche LLP, in Silicon Valley. "We applaud the successes of WhiteHat Security and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years."
WhiteHat Security's CEO Stephanie Fohn credits the Company's innovative SaaS approach to website vulnerability management, unmatched technology and the diligence of its sales and development teams with the company's remarkable growth from fiscal year 2003-2007. Fohn said, "In today's threat-rich business environment, organizations need an easy to manage, cost-effective way to take control of website security and narrow their window of risk. Our rapid growth is a gratifying validation of our vision for WhiteHat Sentinel."
WhiteHat Security's 2,491 percent increase in revenues of from fiscal year 2003 to 2007 resulted in a top ten ranking in the Technology Fast 50 for Silicon Valley.
To qualify for the Technology Fast 50, companies must be headquartered in the San Francisco Bay Area, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.
Companies from the regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte's Technology Fast 500 program, which ranks North America's top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit http://www.fast500.com/.
About WhiteHat Security, Inc.
Headquartered in Santa Clara, California, WhiteHat Security is the leading provider of SaaS website security solutions. WhiteHat delivers turnkey solutions that enable companies to secure valuable customer data, comply with industry standards and maintain brand integrity. WhiteHat Sentinel, the company's flagship service, is the only solution that incorporates expert analysis and industry-leading technology to provide unparalleled coverage to protect critical data from attacks. For more information about WhiteHat Security, please visit our website, http://www.whitehatsec.com/.
As used in this document, "Deloitte" means Deloitte LLP. Please see http://www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
PR Contact: Dawn van Hoegaerden Colleen Hayden WhiteHat Security SHIFT Communications 408-343-8300 617-779-1833 [email protected] [email protected]
WhiteHat Security, Inc.
Web Site: http://www.whitehatsec.com/