Claroty Named to Deloitte Technology Fast 500™ for Second Consecutive Year

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Nov 17, 2022, 09:00 ET

Attributes 1,139% Revenue Growth to Uniquely Holistic Approach to Securing the Extended Internet of Things (XIoT) and Global Team of Industry Experts

NEW YORK, Nov. 17, 2022 /PRNewswire/ -- Claroty, the cyber-physical systems protection company, today announced it ranked 128 on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 28^th year. Claroty grew 1,139% during this period and has now made the list for the second consecutive year.

Claroty's chief executive officer, Yaniv Vardi, credits the company's strong revenue growth to its uniquely holistic approach to securing highly interconnected cyber-physical systems across industrial, healthcare, and commercial environments – the Extended Internet of Things (XIoT) – and its global team of industry experts. He said, "At Claroty we are committed to protecting the organizations that provide food, water, energy, medicine, and many other critical goods and services that sustain our lives. The more XIoT assets that these organizations adopt to improve productivity and operational efficiency, the more exposed they can become to cyber risks, with serious implications for public safety, national security, and human life. I'm incredibly proud of the success we've achieved to date, and with our talented team, innovative solutions, strong partnerships, and deep investor backing, we look forward to reaching even greater heights in the years to come."

"As the past year has shown us, innovation in important areas such as life sciences is critical to addressing infectious disease and other global health issues," said Paul Silverglate, vice chair, Deloitte LLP and U.S. technology sector leader. "In addition, technology must keep pace with ever-changing consumer and corporate demands for faster, safer and more efficient solutions to new societal challenges. Each year I am in awe of the immense talent the Technology Fast 500 rankings reveal, confirming the winners' relentless pursuit of creativity and their ability to solve real-world problems that benefit us all."

"This year's Technology Fast 500 list is a true reflection of some of today's most determined and inspiring pioneers who have prospered by anticipating what's next, understanding what's needed to succeed and driving creativity forward," said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte's audit and assurance practice.

"Representing all facets of technology, the winners have shown they not only have the vision but can also expertly manage their companies through rapid growth. We congratulate each winner on their impressive achievements."

About the 2022 Deloitte Technology Fast 500™

Now in its 28^th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2018 to 2021.

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 US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.

About Claroty

Claroty empowers organizations to secure cyber-physical systems across industrial, healthcare, and commercial environments: the Extended Internet of Things (XIoT). The company's unified platform integrates with customers' existing infrastructure to provide a full range of controls for visibility, risk and vulnerability management, threat detection, and secure remote access. Backed by the world's largest investment firms and industrial automation vendors, Claroty is deployed by hundreds of organizations at thousands of sites globally. The company is headquartered in New York City and has a presence in Europe, Asia-Pacific, and Latin America.

To find out more about Claroty, visit claroty.com.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as "Deloitte Global") does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.

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SOURCE Claroty