Machine Identity Management Leader Showcases 433% Three-Year Revenue Growth; A Reflection of Enterprise’s Growing Investment into Digital Trust

Keyfactor, the identity-first security solution for modern enterprises, today announced it ranked 266 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.

“We’re honored to be recognized on Deloitte’s prestigious list for the fifth consecutive year. This tremendous accomplishment speaks to the incredible commitment of our team in a time of profound transformation,” said Jordan Rackie, CEO, Keyfactor. “With the National Institute of Standards and Technology finalizing its first set of post-quantum cryptographic (PQC) algorithms, and its initial release of a recommended PQC timeline, the urgency for enterprises to strengthen their digital trust has never been greater. This milestone drives our mission to innovate rapidly, addressing emerging threats like post-quantum, where the preservation of digital trust is on the line. The growth Keyfactor has continued to achieve is a testament to our readiness to support organizations in securing the future.”

In today’s hyper-connected world, the surge of non-human and machine identities has left many organizations unprepared to face the imminent post-quantum threat. Keyfactor’s 2024 State of Quantum Readiness Report reveals that 80% of organizations are concerned about the ability to adapt to risks and changes in cryptography, citing limited budget for post-quantum computing (PQC) implementation and difficulty in acquiring the skills and knowledge required to implement new standards as top obstacles to PQC readiness. These findings underscore the urgent need to secure digital identities in the face of emerging risks, driving demand for digital trust solutions and fueling Keyfactor’s 433% three-year revenue growth that allowed the company to surpass $100 million in annual recurring revenue earlier this year.

With more than two decades of cybersecurity experience, Keyfactor is trusted by more than 1,500 enterprises across the globe to apply and control their cryptography by securing every machine and digital transaction with a trusted identity. Powered by the most trusted and widely used open-source public key infrastructure (PKI), Keyfactor’s EJBCA empowers organizations to deploy a PQC-ready PKI platform simply, agilely, and at scale. Keyfactor also provides security teams with an identity-first approach to issue and manage identities with full visibility, orchestration, and automation across their entire PKI landscape.

To learn more about Keyfactor, please visit: https://www.keyfactor.com/.

About the 2024 Deloitte Technology Fast 500

Now in its 30^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 2020 to 2023.

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 Deloitte

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 460,000 people worldwide connect for impact at www.deloitte.com.

About Keyfactor

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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