< Return to Stripes News

November 5th, 2007

Perimeter eSecurity Recognized by Deloitte & Touche, Inc. Magazine, and Positioned In Leading Analyst Firm’s Magic Quadrant

Leading Provider of Security Software-as-a-Service Shows 331% Percent Revenue Growth Rate for the last 5 years

Milford, CT, November 5, 2007 – Perimeter eSecurity, the only provider of complete security on demand, announced today that it ranked Number 15 in Deloitte & Touche’s Technology Fast 50 Program for the state of Connecticut. This high ranking qualified the company for placement on Deloitte & Touche’s North American Technology Fast 500 ranking, as well. The company also announced that it ranked as the 31st fastest growing security company in Inc. magazine’s first-ever Inc. 5,000 list of the fastest-growing private companies in the country.  Perimeter was also recently positioned by Gartner in the Visionaries quadrant of the “Magic Quadrant for MSSPs, North America, 1H07” report.

“As mid-market businesses catch up in security and compliance, they find that Perimeter is the only security integrator to offer a complete suite of on-demand security services,” said David Cowan, managing partner of Bessemer Venture Partners. Cowan a co-founder of Verisign, has led investments in other on-demand security firms like Postini, Cyota and Counterpane.  “Perimeter is the security company to watch for the coming decade.”

“Having pioneered, security software-as-a-service 8 years ago in the financial services industry, we attribute our growth to our continued leadership position in this vertical and to our success in expanding into new markets such as healthcare and telecommunications,” said Brad Miller, CEO of Perimeter eSecurity. “In my opinion, this  is all proof that mid-market companies are coming to appreciate what our current customers and partners realize:  that a truly layered IT security defense that is affordably priced and provided on-demand is the best protection from the proliferation of current and future IT security threats.”

Perimeter eSecurity has shown a revenue growth rate of 331% over the last 5 years as reported by Deloitte & Touche. In the third quarter of this year Perimeter received two funding rounds totaling $104 million from Goldman Sachs, Bessemer Ventures and Stripes group.

“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 companies that are underreported in the business media.”

The 2007 Inc. 5000 list measured revenue growth from 2003 through 2006. To qualify, companies had to be U.S.-based, privately held and independent. 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.  Perimeter grew 215.6% during that time period. Complete information on this year’s Inc. 5,000, can be found at www.inc.com/inc5000.

To rank on Deloitte’s Technology Fast 50, companies must have phenomenal revenue growth over five years,” said Ed Moran, Director of Product Innovation, Deloitte Services LP.  “Perimeter eSecurity has proven to be one of the fast-growth success stories the CT region since 2004 and we applaud their dedication to making their vision a reality.”

The Fast 50 rankings among fastest growing technology, media, telecommunications, and life sciences companies are determined by Deloitte & Touche USA LLP, one of the nation’s leading professional services organizations. Rankings are based on the percentage revenue growth over five years from 2002–2006. To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2002 and $5,000,000 in 2006, be headquartered in North America, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company’s operating revenues; or devotes a significant proportion of revenues to the research and development of technology.

Perimeter was also positioned by Gartner, Inc. in the Visionaries quadrant of the “Magic Quadrant for MSSPs, North America, 1H07” report.  According to the report, “
“The managed security service (MSS) market in North America generated revenue of $500 million in 2006, and Gartner estimates revenue will grow about 19% in 2007″.

About the Magic Quadrant
The Magic Quadrant is copyrighted 2007 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner’s analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the “Leaders” quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Perimeter eSecurity
As the only provider of complete security on demand, Perimeter eSecurity makes security easily available and affordable for all businesses. Perimeter’s on demand security services protect thousands of computer networks nationwide, offering more than 50 different services on a subscription basis in the areas of: Vulnerability Defense, Intrusion Defense, Network Defense, Email Defense, System Defense, and User Defense. With the proliferation of security threats and technologies, clients benefit from a single-source provider that offers all services through one pre-integrated platform and web portal.

Perimeter’s security SaaS services are continuously expanded, enhanced and upgraded for current and future regulatory compliance. With seven geographically distributed technical offices and three redundant data centers, Perimeter’s complete, on-demand and affordable security services are always available and have been validated by multiple independent third parties. For more information about Perimeter visit www.perimeterusa.com.

For Additional Information contact:

Cathy Clarke
CNC Associates
617-527-2089
cathy@cncassocs.com

< Return to Stripes News