ATLANTA--(BUSINESS WIRE)--Damballa, the experts in network security monitoring, announced it has been selected as one of Deloitte’s Technology Fast 500™, a list of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. This is Damballa’s second consecutive year as a Technology Fast 500 winner.
“Today's enterprises know how quickly a network intrusion can escalate into a breach. Traditional diagnostics are not enough to keep advanced attackers out. Damballa helps businesses at the point where they are at most risk; when systems are compromised and communicating with criminal operators. We continuously expose threat-related activity and initiate remediation options. We’ve never seen one of our customers in the breach headlines, and that’s a point of pride,” said Damballa CEO David Scholtz.
“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.”
Damballa's enterprise product Failsafe constantly monitors the network for threat-related activity because malicious behavior happens over time, not in an instance. Failsafe determines the level of risk each compromised device poses and gives organizations options for remediation to prevent a breach.
About Deloitte’s 2015 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 2011 to 2014. 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.
About Damballa
Damballa is a network security monitoring system that provides evidence of threat-related activity needed to prevent data theft. We discover criminal operators that have already bypassed perimeter defenses and pose a business risk. Our automated system works in real-time and over time regardless of the attack vector, device type or OS. Attackers may take time to reveal themselves and when they do, Damballa will expose them and initiate mitigation. Our patented solutions leverage Big Data from one-third of the world’s Internet traffic, combined with machine learning, to automatically discover and terminate criminal activity, stop data theft, minimize business disruption, and reduce the time to response and remediation. Damballa protects any device or OS including PCs, Macs, Unix, iOS, Android, and embedded systems. Damballa protects more than 400 million endpoints globally at enterprises in every major market and for the world's largest ISP and telecommunications providers. For more information, visit www.damballa.com, or follow us on Twitter @DamballaInc.