Mimecast ranked fifth fastest growing technology company on the Deloitte Technology Fast 500 EMEA 2010
Mimecast®, a leading supplier of cloud-based email security, continuity, policy control and archiving, today announced that it ranked number five on the Deloitte Technology Fast 500 EMEA 2010, a ranking of the 500 fastest growing technology companies in Europe, the Middle East and Africa (EMEA). Rankings are based on percentage revenue growth over five years. Mimecast grew 7,579% percent during this period.
Mimecast’s CEO, Peter Bauer, commented; “Mimecast’s ranking as the fifth fastest growing company shows that not only are we contributing to the industry in the UK, where there is a big focus on growing innovative technology businesses, but that we are now a major player and technology leader for EMEA. The potential for cloud computing to grow in EMEA is enormous, but there is work to do before companies like ourselves can fully realise its potential. Right now, there are cultural and legislative barriers that are making it difficult for cloud vendors to do business across Europe. This comes down to a variety of factors, including data jurisdiction and perceived privacy issues within and across European borders. At Mimecast we have recently been supporting Microsoft in lobbying European Governments to improve this situation, and when that happens we can expect to start seeing EMEA really competing with the US as a hotbed for cloud computing innovation.”
“Making the Deloitte Technology Fast 500 EMEA ranking is a testament to a company‘s commitment to technology,” said David Halstead, Deloitte United Kingdom and partner in charge of the Deloitte Technology Fast 500 EMEA programme. “With its 7,579% growth rate over five years, Mimecast has proven that its leadership has the vision and determination to grow in difficult conditions.”
In addition to ranking in the Deloitte Technology Fast 500, Mimecast ranked Number Three in the 2010 Deloitte Technology Fast 50, a ranking of the 50 fastest growing technology companies in the UK.
Deloitte Technology Fast 500 EMEA selection and qualifications
The Technology Fast 500 list is compiled from the Deloitte EMEA Technology Fast 50 programmes, nominations submitted directly to the Technology Fast 500, and public company database research. To qualify for the Technology Fast 500, entrants must have had base-year operating revenues of at least €50,000 and current-year operating revenues of at least €800,000.
Entrants must also be public or private companies headquartered in EMEA and must be defined as a company that develops or owns proprietary technology that contributes to a significant portion of the company's operating revenues; or manufactures a technology-related product; or devotes a high percentage of effort to the research and development of technology. Using other companies' technology in a unique way does not qualify.
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