EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--Arctic Wolf®, the leader in security operations, today announced it ranked 104 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 now in its 26th year. Arctic Wolf grew 1131% during this period.
Arctic Wolf's CEO and Co-Founder Brian NeSmith, credits increased demand for cybersecurity solutions fueled by the COVID-19 pandemic and an industry-wide security talent shortage with the company's 1131% revenue growth. He said, "Many organizations are so focused on deploying new security tools, they fail to pay any attention to their security operations, which results in increased exposure to risk for their business. Our customers continue to choose Arctic Wolf because our vendor-neutral platform and Concierge Security Team makes it fast and easy for any organization to achieve world-class security operations capabilities."
Arctic Wolf previously ranked 25 as a Technology Fast 500™ award winner for 2019 and recently closed a $200M Series E round of funding at a valuation of $1.3 billion.
Overall, 2020 Technology Fast 500™ companies achieved revenue growth ranging from 175% to 106,508% from 2016 to 2019, with median growth of 450%.
About Deloitte's 2020 Technology Fast 500™
Now in its 26th year, 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 2016 to 2019.
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 $US50,000, and current-year operating revenues of at least $US5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
About Arctic Wolf
Arctic Wolf® is the market leader in security operations. Using the cloud-native Arctic Wolf® Platform, we help organizations end cyber risk by providing security operations as a concierge service. Highly-trained Concierge Security® experts work as an extension of internal teams to provide 24x7 monitoring, detection and response, as well as ongoing risk management to proactively protect organizations while continually strengthening their security posture. For more information about Arctic Wolf, visit arcticwolf.com.
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