Secure Computing Corporation, the experts in securing connections between people, applications and networks, has been named to the list of 100 Fastest-Growing Tech Companies compiled by Business 2.0, a leading US-based business magazine which is part of the Time Warner group. Secure Computing was ranked 27th among 2,000 technology companies considered.
“Hackers’ phishing expeditions have prompted financial institutions to order more of Secure Computing’s transaction- and data-security systems,” according to the Business 2.0 June 2006 issue.
In 2005, Secure Computing reported revenues of USD 109.2 million, earnings of USD 21.4 million with cash flow from operations estimated at USD 27.3 million. Secure Computing’s cash flow growth of 221.6 per cent was ranked 6th highest overall by Business 2.0 in the annual list.
"We are honored to be acknowledged by Business 2.0 for our industry-leading security solutions," said Sami Mulla, Director, Middle East, Secure Computing. "This recognition is an important reflection of the strong foundation we have built over the years with our employees, partners and customers.”
“With transaction- and data-security emerging as a key business concern, an increasing number of organizations across the business spectrum have been adopting state-of-the-art solutions from Secure Computing to reinforce their security infrastructure, which has helped achieve impressive growth during 2005. The growth has been particularly sharp in the Middle East, where the data security market is evolving at an astounding rate,” Mulla added.
To compile the list, Business 2.0 began with 2,000 publicly traded technology companies and narrowed the list to companies that have been trading for at least three years, have a market capitalization of at least USD 50 million, and have positive cash flow over the most recently reported 12 months. Chicago-based Zacks Investment Research ranked the resulting list based on the following criteria: revenue growth, profit growth, operating cash flow during the past three years, and the 12-month stock market return as of December 31, 2005. The greatest emphasis was placed on cash flow growth, which accounted for 40 per cent of each company's ranking, while the remaining three criteria were equally weighted.
About Secure Computing:
Secure Computing (NASDAQ:SCUR) has been securing the connections between people and information for over 20 years. Specializing in delivering the world’s strongest security appliances/firewalls, identity and access management solutions, content management and filtering solutions, Secure Computing is uniquely qualified to be the global security solutions provider to organizations of all sizes. Our more than 17,000 global customers, supported by a worldwide network of partners, include the majority of the Dow Jones Global 50 Titans and the most prominent organizations in banking, financial services, healthcare, telecommunications, manufacturing, public utilities, education and national and local governments. The company is headquartered in San Jose, Calif., and has offices worldwide. For more information, see http://www.securecomputing.com.
