Los Angeles, Calif. – October 19, 2011 – TeleSign, a market leader in Internet and Cloud fraud prevention and web-based user identification, access, and authentication services, today announced it ranked 15th on the Deloitte 2011 Technology Fast 500™ ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. In earning this cross industry distinction, TeleSign grew 15,558 percent during this period, with strong adoption in U.S. and international markets.
“TeleSign sits at the intersection of security, mobile and the cloud, providing anti-fraud services to the world’s largest web companies. By virtue of where we sit, the clients we serve and the global increase in fraud, spam, and account hacking, TeleSign has experienced explosive growth and will continue to do so for many years,” said Steve Jillings, CEO, TeleSign.
“TeleSign, like all 2011 Technology Fast 500™ companies, has excelled in fostering innovation and channeling it into spectacular growth — against the backdrop of one of the most challenging economies in history,” said Eric Openshaw, vice chairman and U.S. technology, media and telecommunications leader, Deloitte LLP. “Deloitte recognizes TeleSign for its remarkable accomplishment.”
“We are pleased to honor TeleSign as a 2011 Technology Fast 500 company,” said Mark Jensen, managing partner, technology and venture capital services, Deloitte & Touche LLP. “As one of the fastest growing tech companies in North America, TeleSign has demonstrated excellence in technological innovation, entrepreneurship, and rapid growth.”
Overall, 2011 Technology Fast 500™ companies achieved revenue growth ranging from 134 percent to 70,211 percent from 2006 to 2010, with an average growth of 1,736 percent.
Technology Fast 500, which was conducted by Deloitte & Touche LLP, a subsidiary of Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2006 to 2010.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues.
Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years and be headquartered in North America.
TeleSign is a market leader in Internet and Cloud fraud prevention and web-based user identification, access, and authentication services. TeleSign services provide an easy-to-implement and powerful method for identifying and substantially reducing online fraud and spam using the most widely deployed technology available worldwide — a user’s phone. TeleSign serves organizations of all sizes including some of the world’s largest and most prominent web businesses. The company has executed more than one billion authentication and verification transactions in more than 200 countries and over 50 languages. TeleSign guarantees enterprise-level uptime and provides industry-leading global deliverability rates.
For more information about TeleSign, visit www.telesign.com