The specialist in privilege management receives "Fast Company Growth" recognition for improved sales performance, increased revenue and employee growth.
Avecto, a specialist in privilege management software, today announced the company has been named a finalist in the 2014 Golden Bridge Awards' "Fast Company Growth" category.
The Golden Bridge Awards encompasses the world's best in business and innovation, honoring and generating industry-wide recognition of both organizational and individual performance. The "Fast Company Growth" category recognizes organizations that have achieved exponential company expansion, including fiscal and staff growth.
Avecto achieved finalist status as a result of its continued expansion. The company reported 4,731 percent organic revenue growth over five years and saw an organic increase in sales of 92 percent in the past year. To support its sales success, Avecto expanded its employee base by 55 percent during 2013 and, to support customer demand from the U.S. region that accounts for 40 percent of total revenue, it opened a new office in Cambridge, Massachusetts.
Throughout its rapid expansion, Avecto has upheld its commitment to providing its customers the highest quality defense-in-depth security solutions. Today, more than 500 prestigious customers, including 7 out of the 10 of the world's largest banks, 60 government agencies, 7 aerospace leaders and three F1 teams rely on Avecto for IT security and user empowerment.
"Despite this recent growth, we're not resting on our laurels and are in fact looking to grow even further, especially as we expand our product offerings in the coming months," said Mark Austin, Avecto CEO. "Recognition from the Golden Bridge Awards is a testament to the strides that we've made, and there will be greater strides to come. We are proud to grow our company, while enabling our customers to future-proof their security strategies. We are excited to see what lies ahead as we continue this journey."
The other finalists in this category include NQ Mobile and Nu Skin Enterprises. Winners will be announced on Monday, September 8, 2014 during the 6th annual Golden Bridge Awards dinner and presentations.
Avecto was also recently named a Silver Stevie Awards winner for Company Growth in the 11th International Business Awards, another accolade that recognizes the success and momentum the company achieved this past year.