Attributes 2,258 Percent Revenue Growth to New-School Security Awareness Training
KnowBe4 today announced it ranked No 70 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. KnowBe4 grew 2,258 percent during this period.
KnowBe4’s chief executive officer, Stu Sjouwerman, credits innovation and development of effective ways to turn employees into a “human firewall” that can recognize and avoid cyber threats, thereby reducing risk with the company’s 2,258% revenue growth. He said, “The tremendous growth we’ve seen is due in part to our exceptional focus on our customers and providing them with a best-in-class platform. The relentless push by cyber criminals and the potential harm from ransomware, phishing attacks, CEO fraud, and other forms of social engineering can be substantial, costing billions of dollars. CISOs and IT managers recognize the effectiveness of the KnowBe4 platform to help them reduce human error and reduce their social engineering attack surface.”
“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.”
KnowBe4 previously ranked #50 as a Technology Fast 500™ award winner in its 2016 debut.
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.
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