Leader in privilege management solutions named top of Deloitte's Technology Fast 50 for software.
Avecto, the market leader in privilege management software has today been named the UK's fastest growing software technology company in the prestigious Deloitte Technology Fast 50 listing.
The announcement, which was made at the Deloitte Fast 50 awards ceremony, also placed Avecto as the second fastest growing UK technology company overall and the fastest growing technology company in the North of England, with a growth rate of 4,731% over the last five years.
Now in its sixteenth successful year, the Deloitte Technology Fast 50 is one of the UK's foremost technology award programmes. The awards recognize intellectual property revenue growth and are a celebration of innovation and entrepreneurship.
David Halstead, Partner leading the Deloitte Technology Fast 50, said: "The Deloitte Technology Fast 50 gives great profile to technology companies and is internationally recognised as being one of the most important business awards in the sector"
"The 2013 Deloitte Fast 50 shows that tremendous growth rates are still possible, with software sectors showing particular strength, they have had the greatest amount of entries in the past five years."
Founded by Paul Kenyon and Mark Austin in 2008, Avecto's rapid growth has been founded on the company's award winning Windows privilege management technology, Privilege Guard. The software enables organizations across the globe to dramatically increase the security of their systems whilst empowering users with the access they need to perform their role.
"2013 has been a phenomenal year for Avecto. To be named as the fastest growing UK software technology company in the Deloitte Technology Fast 50 is a tremendous achievement and we're absolutely ecstatic." said Paul Kenyon, EVP Global Sales at Avecto.
"The accelerated growth that Avecto has experienced and the credibility of the awards we have won is testimony to the capabilities of Privilege Guard to address the security, compliance and operational concerns of the enterprise."
The Deloitte Fast 50 accolade further endorses Avecto's award-winning trend in the business arena. Most recently the company was placed within the top third of Sunday Times Tech Track 100 and earlier in 2013 was named a Red Herring Top 100 European company.
In the 2012 fiscal year, Avecto exceeded its growth expectations with 92 per cent increase in revenue, securing implementation projects with many high profile global brands including 375,000 desktops at a global technology company and rollout across 33,000 Windows servers at one of the World's largest banks.
Update: Privilege Guard is now Defendpoint
Privilege Guard has now evolved into the new security suite, Defendpoint, which encompasses Privilege Management, Application Control and Sandboxing. For more information, please visit www.avecto.com/defendpoint.