ID Experts Expertise in Cyber Risk Mitigation and Data Breach Resolution for Healthcare, Education and the Federal Government Fuels Growth
PORTLAND, Ore.— November 16, 2016 — ID Experts, a leading provider of software and services for cyber breach and identity fraud protection, was recognized by Deloitte as one of the fastest growing technology companies in North America, ranking number 332, as part of Deloitte’s 2016 Technology Fast 500™. Each year, Deloitte selects the fastest growing technology, media, telecommunications, life sciences, and energy technology companies, based on percentage of revenue growth from fiscal year 2012 to 2015. The complete list can be found here: https://www2.deloitte.com/us/en/pages/technology-media-and-telecommunications/articles/fast500-winners.html. “This is significant validation from Deloitte, reinforcing the growing demand for technology and services that mitigate the risk of cyber breaches and resulting identity fraud,” said Bob Gregg, CEO of ID Experts.
ID Experts Growth: Validates Need for Cyber Risk Mitigation
ID Experts continues to innovate its suite of SaaS-based technologies that address the complex cybersecurity and breach risks faced by healthcare, retail, education, and government organizations, their customers and employees, as well as individual consumers. In October 2016, ID Experts was ranked by Momentum Partners as one of the top ten private cybersecurity companies to watch in Q3 2016, as part of its Cybersecurity Watch List, a list of private companies with tremendous industry momentum. In August 2016, ID Experts announced that it had raised a $27.5 million round of equity funding. Also in August, ID Experts was named Most Promising Cyber Security Solution Provider by CIO Review.
Cyber Threats Result in Surge of Data Breaches
The increase in cyber threats has resulted in a surge in data breaches, exposing millions of individuals and their sensitive information. Ransomware is quickly becoming the latest cyber-attack epidemic, with an average of 4,000 attacks per day, according to Symantec. With 89 percent of all cyber attacks involving financial or espionage motivations, according to the 2016 Verizon Data Breach Investigations Report, companies need help. Companies and organizations in healthcare, government, retail, and education turn to ID Experts for breach response solutions to mitigate risk from cyber and other threats.
“Today, when every organization can be a tech company, the most effective businesses not only foster the courage to explore change, but also encourage creativity in using and applying existing assets in new ways, as resourcefully as possible,” said Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications industry leader. “This ingenious approach to innovation calls for the encouragement of curiosity and collaboration both within and outside the office walls.”
“This year’s Fast 500 winners showcase that when organizations are open to diverse perspectives and insights, they are able to create an environment for their employees and customers to see the possibilities and ingenious solutions that might lie ahead,” added Jim Atwell, national managing partner of the emerging growth company practice, Deloitte & Touche LLP. “Entrepreneurial environments foster change and innovation within businesses, and we look forward to watching these companies continue to drive change across all sectors.”
Overall, 2016 Technology Fast 500™ companies achieved revenue growth ranging from 121 percent to 66,661 percent from 2012 to 2015, with median growth of 290 percent.
About ID Experts
At ID Experts, we protect millions of consumers with our identity protection software and services and have a 100 percent success record for identity recovery. We are trusted by thousands of organizations to manage cyber and other risks with our data breach response services and are the largest provider of identity protection products to the federal government. We serve customers in healthcare, government, insurance, financial services, and higher education. ID Experts actively contributes to the cyber risk community through organizations including NHCAA, HCCA, MIFA, and IAPP. Visit www2.idexpertscorp.com for more information.
About Deloitte’s 2016 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 2012 to 2015.
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.
As used in this document, “Deloitte” means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.
Kelly Stremel or Lisa MacKenzie
MacKenzie Marketing Group