EthicsPoint Among Fastest Growing Tech Companies
EthicsPoint Ranked Number 340 Fastest Growing Company in North America on Deloitte’s 2011 Technology Fast 500™
Strong Growth Attributed to Increased Demand for Innovative Governance, Risk and Compliance Solutions
Portland, Ore., October 19, 2011 — EthicsPoint today announced it ranked No. 340 on Deloitte’s Technology Fast 500™, an annual ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. EthicsPoint grew 237 percent during the relevant period.
EthicsPoint’s chief executive officer, Mark Reed, credits the way the company has been able to effectively answer growing market needs for governance, risk and compliance (GRC) software with the achievement of 237 percent revenue growth.
“Given the current economic climate, we’ve been fortunate to provide software and services that address a growing business need, enabling organizations to identify, analyze and address their fragmented GRC data,” said Reed. “EthicsPoint clients consistently realize better employee relations, improved brand equity and higher share value than they had prior to deployment.”
“EthicsPoint, like all 2011 Technology Fast 500™ companies, has excelled in fostering innovation and channeling it into spectacular growth -- against the backdrop of one of the most challenging economies in history,” said Eric Openshaw, vice chairman and U.S. technology, media and telecommunications leader, Deloitte LLP. "Deloitte recognizes EthicsPoint for its remarkable accomplishment.”
“We are pleased to honor EthicsPoint as a 2011 Technology Fast 500 company,” said Mark Jensen, managing partner, technology and venture capital services, Deloitte & Touche LLP. “As one of the fastest growing tech companies in North America, EthicsPoint has demonstrated excellence in technological innovation, entrepreneurship and rapid growth.”
Overall, 2011 Technology Fast 500™ companies achieved revenue growth ranging from 134 percent to 70,211 percent from 2006 to 2010, with an average growth of 1,736 percent.
About Deloitte’s 2011 Technology Fast 500™
Technology Fast 500, which was conducted by Deloitte & Touche LLP, a subsidiary of Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2006 to 2010.
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 five years, and be headquartered within North America.
About EthicsPoint
EthicsPoint, a leading provider of enterprise risk awareness solutions, helps organizations align their governance, risk and compliance (GRC) processes with overall business strategy. We protect corporate cultures and reputations by proactively revealing risk-related trends via the collection, management and understanding of their GRC-related data. More than 2,400 organizations currently use our solutions to increase the quality of GRC data reported to boards and executive teams to facilitate better business decisions. To find out how, please visit www.ethicspoint.com.
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