Company Attributes 331% Revenue Growth to Demand for Solutions That Automate Compliance and Cybersecurity Protection of Business-Critical Applications
Onapsis, the leader in business application protection, announced it was named to the Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America now in its 25th year. Onapsis ranked 310 based on 331% revenue growth between 2015 and 2018.
The company’s strong growth is a result of exceptional demand for The Onapsis Platform, which assures integrity, performance and protection of business-critical applications. This demand has been fueled by the acceleration of cloud initiatives among enterprise organizations and the increasing volume of critical threats against ERP and other business-critical application platforms.
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“We’re proud of being one of the fastest-growing tech companies in the U.S. for the third year in a row, which is a testament to our team’s ability to consistently deliver hypergrowth,” said Mariano Nunez, CEO of Onapsis. “Over the past year, we further accelerated our hypergrowth with the acquisition of Virtual Forge, strategic partnerships with industry leaders like IBM and Verizon, plus the growth of our executive team with world-class talent. We’ve never been in a better position to help our customers transform and secure their business applications.”
During the first three fiscal quarters of 2019, Onapsis achieved 141%+ in new annual recurring revenue, fueled by triple-digit customer and employee growth.
“This year marks the 25th anniversary of Deloitte’s Technology Fast 500, so we are especially pleased to announce and congratulate the 2019 winners,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “Once again, we saw innovation across the board, with software companies continuing their dominance of the top ten. It’s always inspiring to see how the Fast 500 companies are transforming business and the world we live and work in.”
“As technology innovation trends towards ‘everything as a service,’ it’s no surprise that software companies dominate the winners list yet again this year,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and industry leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “What’s exciting about celebrating 25 years of the Tech Fast 500 is we now have a quarter century of innovation stories to draw and reflect upon. These are the companies that push boundaries, help organizations become more efficient and productive, and ultimately enable businesses to drive growth and revenue. We congratulate all the well-deserving winners.”