PITTSBURGH, Nov. 16, 2016 /PRNewswire/ -- Wombat Security Technologies (Wombat) announced it ranked 144 on Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Wombat grew 602% percent during this period, and is the only company based in Pittsburgh to make the Technology Fast 500™.
Wombat's President and CEO, Joe Ferrara, credits the combination of a growing cyber security threat landscape as well as an increased understanding of the value of security awareness programs to Wombat's 602% revenue growth. He said, "Over the last three years, Wombat continues to see accelerated order, customer and employee growth, and we see this purely as a result of higher demand for effective security training programs across enterprises in all verticals and Wombat's unique ability to meet that demand." "Today, when every organization can be a tech company, the most effective businesses not only foster the courage to explore change, but also encourage creativity in using and applying existing assets in new ways, as resourcefully as possible," said Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications industry leader. "This ingenious approach to innovation calls for the encouragement of curiosity and collaboration both within and outside the office walls." "This year's Fast 500 winners showcase that when organizations are open to diverse perspectives and insights, they are able to create an environment for their employees and customers to see the possibilities and ingenious solutions that might lie ahead," added Jim Atwell, national managing partner of the emerging growth company practice, Deloitte & Touche LLP. "Entrepreneurial environments foster change and innovation within businesses, and we look forward to watching these companies continue to drive change across all sectors." This year marks Wombat's second consecutive recognition on the Technology Fast 500™. Overall, 2016 Technology Fast 500™ companies achieved revenue growth ranging from 121 percent to 66,661 percent from 2012 to 2015, with median growth of 290 percent.