SecureWorks Ranks 79th on Inc. Magazine's 500 Fastest Growing
SecureWorks Achieves Three Year Sales Growth of 1,012%
ATLANTA, GA and NEW YORK, NY October 25, 2005 - Inc. magazine has released its 24th annual Inc. 500 ranking of the fastest-growing private companies in the country, and SecureWorks ranked 79th on the list, with a three-year sales growth of 1,012 %. The Inc. 500 can be found in the November issue, which appears on newsstands November 1. SecureWorks, named by the IT analysts firm Yankee Group as a “Market Leader” among Pure Managed Security Service Providers (PMSSPs), protects corporate networks, servers and email environments.
The companies that made this list represent the vanguard of American industry, posting an average three-year sales growth of 769%. Inc. 500 companies posted aggregate 2004 revenue of $15.9 billion, and 84% of them were profitable. Most importantly, Inc. 500 companies were engines of job growth, having created more than 95,000 jobs since the companies were founded.
The Inc. 500 list generated 25,180 new jobs in the past year alone, a stunning 35% year-over-year increase. Compare this with the total number of employees among Fortune 500 companies, which declined in 2001, 2002, and 2003 before experiencing a 1.3% uptick of 306,045 jobs in 2004.
“When you look at the amazing job growth among Inc. 500 companies and contrast it with the stagnation in the Fortune 500, it underscores the changing nature of our economy,” said Jim Melloan, project manager for the Inc. 500. “With unprecedented global competition, companies have to be able to turn on a dime and discover innovative new ways of doing business. Increasingly, it’s the smaller, agile companies like those on the Inc. 500 that are best equipped to meet these challenges.”
“All of us at SecureWorks are thrilled at being named to the 2005 Inc. 500 list,” said Mike Cote, president and CEO of SecureWorks. “Being an Inc. 500 company speaks volumes about our accomplishments, as well as our future potential. Our strategy has also been to defend our clients from the perimeter of their business to the core of their business, and to price it at a point which is attractive to any size organization,” Cote continued. “This, coupled with the care and attention we pay to our clients, which has resulted in a 95% client retention rate, has been the foundation of our success. We are delighted to have been recognized by Inc. magazine for these achievements.”
Cote also explained that unlike many fast growth companies, SecureWorks has grown through increased sales, rather than through mergers and acquisitions. When Cote joined SecureWorks in February 2002, the company had fewer than 100 clients. Today, it boasts over 1,200, located in all 50 states, Europe and the Far East.
The Inc. 500 ranks privately held companies according to year-over-year sales growth from 2001 to 2004. With approximately 75% of all new job creation in the U.S. coming from entrepreneurial businesses, the Inc. 500 opens a window onto the companies and industries that are driving the economy forward. Over the years, the Inc. 500 has identified the next generation of world-class companies, with Microsoft, Stonyfield Farms, Timberland, Oracle, The Princeton Review, Morningstar, Jamba Juice, Gateway, E*Trade, Intuit, and Domino’s Pizza all appearing on the list before they became industry powerhouses.
Methodology
To be eligible for this year’s Inc. 500, companies had to be U.S.-based, independent and privately held through their fiscal year 2004, and have had at least $500,000 in net sales in the base year of 2001. In addition, their 2004 sales had to exceed 2003 sales. Companies are ranked on cumulative three-year sales growth from 2001 to 2004. Inc. verifies all information using tax forms and audited financial statements from certified public accountants and by conducting interviews with company officials. To read more about this year’s Inc. 500 go to http://www.inc.com/inc500.
About SecureWorks
SecureWorks, which recently ranked 39th on the 2005 Deloitte Technology Fast 500-- a ranking of the 500 fastest growing technology companies in North America, is the only security service that prevents network intrusions at the perimeter, firewall and host levels; monitors client networks 24 x7x365; provides ongoing vulnerability assessments; and protects email from spam and viruses while automatically encrypting email to protect confidential information. SecureWorks serves over 1,200 enterprise customers, including banks, utilities, credit unions, and hospitals. It has been listed on CIO magazine’s “CIO 100 List” for the past two years. www.secureworks.com
About Inc.
Inc., the only major business magazine dedicated exclusively to owners and managers of growing private companies, delivers real solutions for today’s innovative company builders. It provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Inc. is also the only publication that focuses on small to medium-size businesses, responsible for more than half the nation’s gross domestic product and 70% of its new jobs. And Inc. looks beyond work to address the entrepreneurial lifestyle. Inc., a Mansueto Ventures LLC publication, inspires and informs, with cutting-edge coverage that reflects our readers’ energy, brashness, and imagination.
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Media contacts
Elizabeth W. Clarke
SecureWorks
404-486-4492