Cyber-Ark Software announced that it has been ranked on the 2006 Deloitte Technology Fast 500 EMEA, a ranking of the 500 fastest growing technology companies in Europe, Middle East and Africa. The Deloitte Technology Fast 500 program covers public and private companies across EMEA, and is based on percentage revenue growth over five years, from 2001-2005.
“It’s a tremendous honor to be named to the Deloitte Technology Fast 500 list, and a significant achievement for all of us here at Cyber-Ark,” said Udi Mokady, Founder and CEO of Cyber-Ark Software. “A significant number of Fortune 1000 companies across a range of industries, from banking and finance to energy and pharmaceutical sectors, are investing in Cyber-Ark’s Vaulting Technology to manage and secure their most sensitive data throughout the information lifecycle. Inclusion in the Deloitte Technology Fast 500 reflects the commitment we have made to our customers and the increased demand for a technology that can assist them in achieving their compliance and security goals with respect to privileged accounts.”
Fast 500 Selection and Qualifications
The Technology Fast 500 list is compiled from Deloitte’s EMEA Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research.Ã‚Â To qualify for the Fast 500, entrants must have had 2001 operating revenues of at least Ã¢â€šÂ¬50,000 and 2005 operating revenues of at least Ã¢â€šÂ¬800,000. Entrants must also be public or private companies headquartered in EMEA and must be a “technology company,” defined as a company that owns proprietary technology that contributes to a significant portion of the company’s operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies’ technology in a unique way does not qualify.