Attributes 551% Revenue Growth to the Growing Demand for the World’s Leading Platform for Code Security
LOS ALTOS, Calif., Nov. 17, 2021 — Contrast Security, the leader in next-gen code security tools, today announced it ranked 238th in North America and 59th in the Bay Area on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 27th year. Contrast grew 551% during this period.
Contrast’s chief executive officer, Alan Naumann, credits accelerated customer demand to the incredible work the company’s growing team has accomplished. He said, “The global economy runs on software applications, and with more than 40 million developers rapidly deploying code, we have seen an epidemic level of shipped code with critical vulnerabilities. With software applications now a leading cyber attack vector, our technology has become business critical. We’ve seen a growing demand for our code security platform across all business sectors as we enable continuous delivery of secure code and enhance the value of our customers’ software. We want to thank our customers for their confidence in using Contrast and we are honored to be recognized by Deloitte as one of the 500 fastest-growing companies in North America.”
“Each year the Technology Fast 500 shines a light on leading innovators in technology and this year is no exception,” said Paul Silverglate, vice chair, Deloitte LLP and U.S. technology sector leader. “In the face of innumerable challenges resulting from the pandemic, the best and brightest were able to pivot, reinvent and transform and grow. We celebrate the winning organizations and especially the talented employees driving their success.”
“The pandemic has underscored the urgent need for tech solutions in a variety of areas across health care, fintech, energy tech, entertainment, to name a few, so reliance on innovators like the winners of the Technology Fast 500 is more important than ever,” said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s audit & assurance practice. “These companies are not only at the cutting edge, transforming the way we do business, but most importantly, recognize the strategic importance of ongoing innovation, especially in the ever-changing world of technology.”
To learn more about the Contrast Code Security Platform please visit our website.
About the 2021 Deloitte Technology Fast 500™:
Now in its 27th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, 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 2017 to 2020.
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 US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
About Contrast Security:
Contrast Security secures the code that the world economy relies on. It is the industry’s most modern and comprehensive Code Security Platform, removing security roadblock inefficiencies and empowering enterprises to write and release secure application code faster. Embedding code analysis and attack prevention directly into software with instrumentation, the Contrast platform automatically detects vulnerabilities while developers write code, eliminates false positives, and provides context-specific how-to-fix guidance for easy and fast vulnerability remediation. Doing so enables application and development teams to collaborate more effectively and to innovate faster while accelerating digital transformation initiatives. This is why a growing number of the world’s largest private and public sector organizations rely on Contrast to secure their applications in development and extend protection to cloud and on-premise applications in production.
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