Inc.Magazine Recognizes LifeLock as Fast Growing Private Company
Tempe, Ariz. – August 24th 2011 - Inc. Magazine today announced the Class of 2011 for their annual Inc. 500 list, an exclusive ranking of the fastest growing privately held companies in the United States. LifeLock, Inc., the industry leader in identity theft protection, experienced 760% revenue growth from 2007 – 2010 and placed No. 461 on the Inc. 500 list. The Class of 2011 is recognized as the “Five Hundred Businesses That Are Rebuilding the Economy and Changing the World.” In 2010, LifeLock was ranked No. 8 on the same list.
“In the volatile state of the economy today, our growth is a testament to the infinite commitment of our employees to provide consumers with the education and protection they need to fight the escalating crime of identity theft,” said Todd Davis, LifeLock Chairman and CEO. “While the road hasn’t been easy for many businesses, LifeLock has been successful by staying aligned with our mission and living a culture where accountability, respect and execution are our foundations for continuous improvement and success.”
The 2011 Inc. 500 is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify for the Inc. 500 list, companies must have been founded and generating revenue by March 31, 2007. Additionally, they had to be U.S.-based, privately held, for profit, and independent – not subsidiaries or divisions of other companies – as of December 31, 2010. The minimum revenue required for 2007 was $100,000; the minimum for 2010 was $2 million. Of the 16 companies on this year’s list with 2010 revenues exceeding $100 million, LifeLock ranked eighth.
Inc. Magazine breaks down fastest growing companies by industry and in the security industry, LifeLock ranked No. 7.
“I have been a member for more than three years and I couldn’t be happier,” said LifeLock member Peter H. “LifeLock’s system has worked more than a half of a dozen times to stop identity thieves from opening new accounts using my personal information as well as my wife’s. The LifeLock service is invaluable to my family.”
LifeLock is one of nine Arizona based companies recognized as a 2011 fast growing company by Inc. Magazine.
“While identity thieves continue to develop new and complex schemes to defraud consumers, LifeLock continues to evolve and enhance our services to stay steps ahead,” said Davis.
Contact:
Cortney Lanik
Media Relations Manager
480-457-2032
Cortney.Lanik@lifelock.com
About LifeLock
LifeLock, Inc. is an industry leader in identity theft protection. Since 2005, LifeLock has been relentlessly protecting identities by providing consumers with the tools and confidence they need to help protect themselves from identity theft and manage their credit. The company has a strong focus on educating consumers and working with law enforcement and elected officials to better understand the increasing threats of identity theft. A multiple award-winning organization, LifeLock has been recognized by Inc. Magazine as the eighth fastest growing private company (2010), by Arizona Corporate Excellence as Arizona's Fastest Growing Company, and by the American Business Awards as having the Best New Product or Service of the Year for the LifeLock Identity Alert® system.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 710,106, Inc. provides hands –on tools and market-tested strategies for managing people, finances, sales, marketing and technology.
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