Payfone's Explosive Growth Recognized by Deloitte's 2018 Technology Fast 500™ Award
1,132% growth rate landed the digital identity authentication leader a spot on the prestigious list for the second year in a row
NEW YORK, Nov. 15, 2018 /PRNewswire/ -- Digital identity authentication leader Payfone announced today that it has been named to Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America, for the second year in a row. The New York City-based company, which helps enterprises create seamless and secure digital experiences through Trust, achieved an explosive 1,132% growth in revenue between 2014 and 2017. The win marks another important milestone for Payfone as it continues its trajectory toward 20 billion authentications for Fortune 500 companies this year and expands its Trust Score capabilities into 35 additional global markets.
"We are honored to have ranked amongst the fastest growing companies on the prestigious Deloitte Technology Fast 500™ list for the second year in a row," said Rodger Desai, Chief Executive Officer of Payfone. "This win will serve as fuel for our team to keep innovating and pushing the bar higher in our mission to create a friendlier and more frictionless digital world where companies and people can interact with Trust."
"Our significant revenue growth is strong evidence that our patented, next-generation technology is providing value for our clients and their customers," said Tom FitzSimmons, Payfone's Chief Financial Officer. "Being recognized on the Deloitte Technology Fast 500™ list is validation of our team's hard work and passion for building a new paradigm for identity authentication—one that allows enterprises to protect their users while also delivering the best possible user experience."
For more than 20 years, Deloitte has recognized the fastest growing public and private technology companies in North America. The 2018 Technology Fast 500™ Companies were judged based on revenue growth from 2014 to 2017, with median growth of 412 percent.
About Payfone
Payfone is the leading digital identity authentication provider for the connected world. The world's largest banks, insurers, brokerages and technology companies trust Payfone to accelerate revenue by thwarting digital identity theft with real-time, passive identity authentication and predictive identity confidence through our proprietary Trust Score. Our solutions enable consumers and businesses to transact with trust. Learn more at www.payfone.com and www.linkedin.com/company/payfone.
About Deloitte's 2018 Technology Fast 500™
Deloitte's Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences 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 2014 to 2017.
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, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
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SOURCE Payfone
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