HiSoftware CEO, Kurt Mueffelmann, credits growth to increased demand for organizational security and compliance in SharePoint, and a world-wide need for meeting compliance under increased regulatory scrutiny for security, privacy and accessibility.
Nashua, NH (PRWEB) November 14, 2012
HiSoftware, a provider of content-aware compliance and security solutions, today announced it ranked 222 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. HiSoftware grew 382 percent during the four year period between 2007 and 2011.
With the company’s 382 percent revenue growth, HiSoftware CEO, Kurt A. Mueffelmann, credits increased demand for organizational security and compliance in SharePoint, and a world-wide need for meeting compliance under increased regulatory scrutiny for security, privacy and accessibility across digital environments. This is the second time Mueffelmann has led a company that was named to the Deloitte Technology Fast 500 list. His first, Create!form, was named to the list in 2003 before its acquisition by Bottomline Technologies.
"Private and public organizations of all sizes need to protect sensitive information without hindering collaboration and ensure the compliance of information," said Mueffelmann. "HiSoftware's rapid growth comes from a broad realization that these issues can no longer be ignored. Companies need to be proactive about content security and compliance to gain a strong understanding of how to protect information whether it’s on a website, on a corporate intranet, or deep within the enterprise SharePoint environment."
“We are proud to honor the 2012 Technology Fast 500™ companies, and commend them for their outstanding growth,” said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications (TMT) leader. "These ground-breaking companies have outpaced their competition and are reinventing the way we do business today.”
“The companies on the Fast 500 list are among those that have demonstrated remarkable innovation, creativity and business savvy,” said Bill Ribaudo partner, Deloitte & Touche LLP and national TMT leader for audit and enterprise risk services (AERS). “As a result, these companies have continued to successfully forge ahead in a challenging economic environment. We applaud the leadership and employees of HiSoftware for this impressive accomplishment.”
Overall, 2012 Technology Fast 500™ companies achieved revenue growth ranging from 128 percent to 279,684 percent from 2007 to 2011, with an average growth of 2,774 percent.
About Deloitte’s 2012 Technology Fast 500™
Technology Fast 500, conducted by Deloitte & Touche 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 2007 to 2011.
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 within North America.
HiSoftware provides content-aware compliance and security solutions for the monitoring and enforcement of risk management and privacy guidelines across digital environments. The company’s solutions provide a data governance and compliance platform for content management and collaboration processes that support corporate and brand integrity, site quality, accessibility and confidentiality for public websites and portals, as well as internal intranets and SharePoint sites. HiSoftware’s customers include some of the largest US and international government agencies, as well as Global 2000 companies. For more information, visit http://www.hisoftware.com or follow us on Twitter @HiSoftware.