Identity Experience Leader Ranks #4 as Fastest Growing Company in Massachusetts

Transmit Security, the Identity Experience™ company, today announced that it has been named to The Boston Business Journal’s exclusive 2021 Fast 50 list, which represents the 50 fastest-growing private companies in Massachusetts. Transmit Security ranked #4 on the list. The Fast 50 companies are selected and ranked based on a formula that counts revenue growth from 2017 to 2020.

"We couldn't be more excited about making Boston Business Journal's 2021 Fast 50 List, and to rank in the top five is especially rewarding,” said Rakesh Loonkar, President and Co-Founder, Transmit Security. “It is an honor to be recognized by our business community as one of the fastest growing private companies in Massachusetts, especially during a year that has proven to be extremely challenging on a number of fronts. Our team is dedicated and works hard to rid the world of passwords and provide unparalleled identity experiences. This award represents a major win for Transmit Security and our mission to make passwords obsolete. It is truly an honor to be counted among so many amazing organizations."

The numbers were crunched and analyzed by the Business Journal’s research department.

“The economic shutdown sent a lot of companies' strategies and financials into uncharted territory in 2020, but as the Fast 50 illustrates, Greater Boston's fastest-growth companies pivoted and prospered despite it all,” Carolyn M. Jones, market president and publisher of the Boston Business Journal.

Companies on the Fast 50 must have their headquarters in Massachusetts and must have reported revenue of at least $500,000 in 2017 and $1 million in 2020 were considered. (Unlike in past years, due to the pandemic, companies were not disqualified from the ranking if they experienced a net loss during one of the years analyzed, provided growth from 2017 to 2020 was positive.)

For the complete list of 2021 Fast 50 companies, visit the BBJ’s website here.

The Boston Business Journal is the region's premier business media organization, one of 43 markets owned by American City Business Journals. For marketing and sponsorship opportunities, contact the Business Journal today.

About Transmit Security

Transmit Security is on a mission to transform the identity experience market. From onboarding to authentication to smart authorization for both customers and workforce across every channel, our technology reduces all forms of identity attrition and saves enterprises substantial costs. Around the world, large enterprises are standardizing on Transmit Security to introduce innovative digital identity journeys. Customers include six of the seven largest financial institutions in the U.S, two of the largest merchants in the U.S., and many financial organizations, merchants and online service providers in Europe, Asia and Latin America.

For more information, please visit www.transmitsecurity.com.

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