Illumio Recognized as One of the Fastest-Growing Companies in North America by the Deloitte 2020 Technology Fast 500™
SUNNYVALE, Calif., Nov. 18, 2020 (GLOBE NEWSWIRE) -- Illumio, the leader in end-to-end segmentation, today announced it was named to 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. Illumio substantially grew its revenue and business during a three-year (2016-2019) period in order to receive this recognition.
Illumio’s co-founder and chief executive officer, Andrew Rubin, credits the team’s mission-driven focus and close customer partnerships with the company’s sizable growth. “Since our founding, we’ve been on a mission to realize a future without high profile breaches. Listening to our customers has and will continue to be a key element to our success, and it has allowed us to accelerate innovation and grow into new markets,” Rubin said. “It’s an honor to be named to the Deloitte Technology Fast 500 and to be in such great company alongside other distinguished leaders in business.”
“For more than 25 years, we’ve been honoring companies that define the cutting edge and this year’s Technology Fast 500 list is proof positive that technology — from software and digital media platforms, to biotech — truly does permeate so many facets of our lives,” said Paul Silverglate, vice chairman, Deloitte LLP and U.S. technology sector leader. “We congratulate this year’s winners, especially during a time when innovation is needed more than ever to address the monumental challenges posed by the pandemic.”
“Each year the Technology Fst 500 listing validates how important technology innovation is to our daily lives. It was interesting to see this year that while software companies continued to dominate, biotech companies rose to the top of the winners list for the first time, demonstrating that new categories of innovation are accelerating in the pursuit of making life easier, safer and more productive,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and industry leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “We extend sincere congratulations to these well-deserved winners — who all embody a spirit of curiosity, and a never-ending commitment to making technology advancements possible.”
About Deloitte’s 2020 Technology Fast 500™
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.