Press Releases
SECURITY INNOVATION RANKS NO. 919 on the 2007 Inc. 5,000
WITH THREE-YEAR SALES GROWTH OF 380.9%
Wilmington, MA - September 03, 2007 - Inc. ranked Security
Innovation #919 on its first-ever Inc. 5,000 list of the fastest-growing
private companies in the country. The Inc. 5,000, an extension of Inc.
magazine’s annual Inc. 500 list, catches many businesses that are too
big to grow at the pace required to make the Inc. 500, as well as a host
of smaller firms. Taken as a whole, these companies represent the
backbone of the U.S. economy.
Security Innovation also ranked #19 in the Top Companies in Security
category, and #43 in the Top Companies in Boston-Cambridge-Quincy, MA-NH
category. You can find the company’s profile at
http://www.inc.com/inc5000/2007/company-profile.html?id=200709190
“The Inc. 5,000 provides the most comprehensive look ever at the most
important part of the economy – the entrepreneurial part,” said Inc.
5,000 Project Manager Jim Melloan. “The expansion of the list has
allowed us to tell the stories of larger companies, older companies, and
a wealth of companies in industries that are underreported in the
business media.”
“The combination of practical experience gained through deep assessment
of the world’s strongest software applications and groundbreaking
research on the hottest IT security issues continues to position
Security Innovation at the apex of the application security and risk
management markets,” said Ed Adams, president and CEO of Security
Innovation.
Security Innovation has developed unparalleled expertise in application
security and risk management for the world’s most dominant and demanding
computing platforms and development environments. At a time (2003-2006)
when the IT security market grew at a 16.9 percent CAGR, Security
Innovation grew at a 47 percent CAGR—nearly triple the industry rate and
with less than ten percent of the capital most start-up companies
acquire.
“Over the past three years, Security Innovation has made a concerted
effort to change its business mix such that its revenues are more
equally distributed between all three core service offerings –
education, risk assessment and risk mitigation,” said Adams. “We have
also found a niche in helping enterprises build sustainable security
programs through strong compliance practices, particularly for the
payment card industry data security standard (PCI DSS). Security
Innovation is redefining the approach to application security and risk
management and will continue our growth and momentum throughout 2007
with innovations to our solutions, services and e-learning/training
programs.”
The 2007 Inc. 5,000, as revealed online at www.inc.com, reported median
revenue of $9.4 million and median three-year growth of 140 percent.
Complete information on this year’s Inc. 5,000, can be found at
www.inc.com/inc5000. The list features a profile for each company,
almost all of them written as a result of Inc. interviews with
management. In addition, the list is searchable according to numerous
criteria, including industry, city, state, region and year founded.
Methodology
The 2007 Inc. 5,000 list measures revenue growth from 2003 through 2006.
To qualify, companies had to be U.S.-based and privately held,
independent – not subsidiaries or divisions of other companies – as of
December 31, 2006, and have had at least $200,000 in revenue in 2003,
and $2 million in 2006.
Companies can apply for next year’s Inc. 500 and Inc. 5,000 by
registering with IncBizNet, the new social network for private companies
that will launch this fall on Inc.com.
About Inc.com
Inc.com, the Daily Resource for Entrepreneurs, delivers advice, tools,
breaking news, and rich multi-media to help business owners and CEOs
start, run, and grow their businesses more successfully. Information and
advice covering virtually every business and management task, including
marketing, sales, finding capital, managing people can be found at
http://www.inc.com.
About Security Innovation
Security Innovation is an authority on application security and
leading independent provider of Risk Assessment, Risk Mitigation and
Education services to Fortune/Global 500 and mid-size companies. The
world’s dominant technology vendors, elite financial institutions and
enterprise IT organizations, such as Microsoft, Sony, GE, ING, FedEx,
Visa and Symantec, trust our expertise to understand the security risks
in their application development framework and facilitate the software
and process change necessary to mitigate these risks. Security
Innovation is headquartered in Wilmington, Mass., with offices in
Amsterdam, The Netherlands and Seattle, Wash. For more information about
Security Innovation, visit www.securityinnovation.com or call
+1.978.694.1008.
Contacts
Davida Dinerman or Nicole Glidden
Schwartz Communications, Inc.
(781) 684-0770
sisecure@schwartz-pr.com
