wombatsecurity | November 19, 2015

Wombat Security ranks first in growth for Pennsylvania, 104th overall for North America

The result of significant growth, Pittsburgh’s Wombat Security Technologies was recently rated North America’s 104th fastest-growing company on the Deloitte's Technology Fast 500, which ranks technology, media, telecommunications, life sciences and energy tech companies.

Wombat is also ranked as Pennsylvania’s fastest growing company. Technology Fast 500 award winners are chosen based on percentage fiscal year revenue growth from 2011 to 2014. To be eligible, firms must own proprietary intellectual property or technology sold to customers via products providing a majority of the company's revenues.

Wombat, providing security awareness training to optimize employee behavior, attributes its 849-percent growth over the past five years to increased vigilance against cyber-attacks. While acknowledging the company’s unique methodology, CEO Joe Ferrara also pointed out that caution among business owners is on the upswing.

"In today's market, employee awareness and education plays a critical role in preventing a range of cyber-attacks, which continue to increase in volume and sophistication," Ferrara said. "We are excited to be included in Deloitte's ranking, which we believe demonstrates a strong and growing market for security awareness and education training and also illustrates the proven effectiveness of our comprehensive security training program. Our methods continue to prove that a continuous training methodology can … reduce risk within an organization."

Deloitte Consulting principal Sandra Shirai praised the progressive thinking of enterprises that incorporate emerging technologies for business, while Jim Atwell, national managing partner of nascent firm Deloitte & Touche LLP, also offered congratulations.

"Through the efforts and utilization of new and emerging technologies … we are witnessing greater business demands from across almost all industries," Atwell said. "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."

Read the full artice on Pennsylvania Business Daily