Reciprocity is honored to be named to the 2021 Deloitte Technology Fast 500™ list of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America. Reciprocity grew 352% during this period.
Reciprocity’s Executive Vice President of Product, Michael Maggio, credits this growth to the fact that the market is realizing they need to do even more to mitigate potential risks to their businesses. On average, it takes 280 days to discover and remediate a breach, leading to loss of millions of dollars each year. He explained, “Reciprocity’s ZenGRC platform not only offers infosec teams with an innovative, easy-to-use compliance solution, but also connects the information collected during compliance efforts to enable companies to identify and mitigate their business risk.”
“Each year the Technology Fast 500 shines a light on leading innovators in technology and this year is no exception,” said Paul Silverglate, vice chair, Deloitte LLP and U.S. technology sector leader. “In the face of innumerable challenges resulting from the pandemic, the best and brightest were able to pivot, reinvent and transform and grow. We celebrate the winning organizations and especially the talented employees driving their success.”
“The pandemic has underscored the urgent need for tech solutions in a variety of areas across health care, fintech, energy tech, entertainment, to name a few, so reliance on innovators like the winners of the Technology Fast 500 is more important than ever,” said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s audit & assurance practice. “These companies are not only at the cutting edge, transforming the way we do business, but most importantly, recognize the strategic importance of ongoing innovation, especially in the ever-changing world of technology.”
Now in its 27th 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 2017 to 2020.
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.
