LifeLock Ranked 65th Fastest Growing Company in North America on Deloitte's 2014 Technology Fast 500™ in the Internet Category
Company Attributes 181 Percent Growth to Product Portfolio Expansion and Superior Functionality
TEMPE, Ariz, (Dec. 5, 2014)— LifeLock, Inc. (NYSE: LOCK), has been ranked number 416 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 (U.S. and Canada). LifeLock grew 181 percent during the period from 2009 to 2013 and ranked number 65 within the Internet category.
LifeLock's chief executive officer, Todd Davis, credits LifeLock's portfolio expansion and superior value and product functionality with the company's increased revenue growth, new member acquisition and high retention rates. "Year-over-year we've seen strong growth in our business, and being ranked within Deloitte's Technology Fast 500 is further evidence of our continued momentum," said Mr. Davis. "In the past year we introduced new products that provide additional value to our members, further differentiate LifeLock and help over 3.5 million consumers live freely in an always connected world."
"The companies ranked on the 2014 Deloitte Technology Fast 500 continue to set the bar for their industry higher each year," said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications leader. "There are so many exciting products and smart thought leaders driving this list. We congratulate the Fast 500 companies and look forward to seeing them continue their momentum into 2015."
About Deloitte's 2014 Technology Fast 500™
Technology Fast 500, conducted by 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 2009 to 2013.
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.
LifeLock, Inc. (NYSE:LOCK) is a leading provider of proactive identity theft protection services for consumers and fraud and risk management solutions for enterprises. LifeLock's threat detection, proactive identity alerts, and comprehensive remediation services help provide peace of mind for consumers amid the growing threat of identity theft. Leveraging unique data, science and patented technology from ID Analytics, Inc., a wholly-owned subsidiary, LifeLock offers identity theft protection that goes significantly beyond credit monitoring. As part of its commitment to help fight identity theft, LifeLock works to train law enforcement and partners with a variety of non-profit organizations to help consumers establish positive habits to combat this threat.