Shape Security announced that is has been recognized as the fastest growing company in the Bay Area and the third-fastest growing company in North America by Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Rankings are based on a company’s revenue growth from 2014 to 2017.
“We’re laser-focused on protecting our customers and we have an incredible team,” said Shape’s CEO, Derek Smith, who credits the 23,576 percent revenue growth to the company’s unceasing dedication to customer success. Smith continued, “This is why we are able to grow incredibly quickly while maintaining a 99 percent customer retention rate.”
“Congratulations to Shape and the other Deloitte 2018 Technology Fast 500 winners on this impressive achievement,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “These companies are innovators who have converted their disruptive ideas into products, services and experiences that can captivate new customers and drive remarkable growth.”
This is the latest honor for Shape, which has also been recognized by Fortune Magazine as one of the Top 100 companies in artificial intelligence, ranked by CNBC as one of the Top 50 most disruptive companies in the world, and named by Business Insider as one of the “25 Enterprise Startups to Bet Your Career On.”