Machine Identity Management Leader Attributes 525% Three-Year Revenue Growth to Enterprises' Growing Need to Establish Digital Trust
CLEVELAND, Ohio – November 8, 2023 — Keyfactor, the identity-first security solution for modern enterprises, today announced it ranked 261 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.
“It’s an honor to be included in Deloitte’s prestigious list for the fourth consecutive year,” said Jordan Rackie, CEO, Keyfactor. “Enabling digital trust is now a mission-critical imperative for every business that conducts online operations, with PKI and digital identity management at the center of secure online transactions. I’m incredibly proud of our global team’s ability to quickly respond to growing market demand as more organizations grapple with the rise of digital identities, the proliferation of IoT and connected devices, and the need to prepare for a post-quantum environment. The team’s dedication to technological innovation and customer satisfaction during this period of hypergrowth has led to our designation alongside the world’s most innovative companies.”
The use of digital identities continues to accelerate as organizations worldwide seek to securely connect more users, machines, IoT devices, and applications across their IT environments. As more identities are created, there is increased pressure to ensure digital trust is established and maintained amid the inherent risks associated with digital environments — a challenge that most organizations struggle with. According to the recently released Digital Trust in a Connected World: Navigating the State of IoT Security report, nearly half of all organizations (42%) are encountering difficulties with effectively managing and maintaining visibility into their devices.
Increased market demand for a solution that enables digital trust in an increasingly complex IT environment drove Keyfactor’s staggering 525% three-year revenue growth, as highlighted in the Deloitte Technology Fast 500, and also resulted in a recent investment from Sixth Street Growth valuing Keyfactor at ~$1.3B. As the leader in IoT and machine identity management solutions, Keyfactor provides security teams with an identity-first approach that increases the visibility, orchestration, and control of every key and certificate in use within their organization. Powered by EJBCA, the most trusted and widely used open-source PKI, Keyfactor’s solutions are trusted by more than 1,500 organizations to build and maintain digital trust.
To learn more about Keyfactor, please visit: https://www.keyfactor.com/.
About the 2023 Deloitte Technology Fast 500
Now in its 29th 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 2019 to 2022.
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.
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including nearly 90% of the Fortune 500® and more than 8,500 U.S.-based private companies. At Deloitte, we strive to live our purpose of making an impact that matters by creating trust and confidence in a more equitable society. We leverage our unique blend of business acumen, command of technology, and strategic technology alliances to advise our clients across industries as they build their future. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Bringing more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte’s approximately 457,000 people worldwide connect for impact at www.deloitte.com.
Keyfactor brings digital trust to the hyper-connected world with identity-first security for every machine and human. By simplifying PKI, automating certificate lifecycle management, and securing every device, workload, and thing, Keyfactor helps organizations move fast to establish digital trust at scale — and then maintain it. In a zero-trust world, every machine needs an identity and every identity must be managed. For more, visit keyfactor.com or follow @keyfactor.
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