SANTA CLARA, Calif., Aug. 17, 2017 /PRNewswire/ -- Gigamon Inc. (NYSE: GIMO), the industry leader in traffic visibility solutions, today announced that it has been named to Forbes Fast Tech 25 list in 2017. Firms featured on the Fast Tech 25 have demonstrated strong sales growth over the past three years and will lead their industry in projected earnings growth for the next three to five years, according to Forbes.
"We're honored to be recognized by Forbes and rank in the top ten of this year's Fast Tech 25," said Paul Hooper, CEO of Gigamon. "We credit our inclusion to our innovative technology, our leadership of the visibility market that we created, and our dedicated employees. Visibility is a fundamental requirement to deploy a meaningful security architecture to provide enterprises the insight they need to best protect their critical data assets. The loyalty and trust of our customers and partners around the world have resulted in the recognition by Forbes."
The Company's 2016 financial highlights include revenue of $310.9 million, a 40 percent increase over the prior year, and compound annual growth rate of 30 percent over the previous three years.
In determining the Fast Tech 25 list, Forbes considers approximately 5,000 publicly traded companies in the tech sector, looking for profitable firms with a minimum revenue of $150 million and a minimum market value of $500 million. Forbes identifies tech companies with sales growth of at least 10% for each of the past three fiscal years and over the last 12 months, and ranks firms in descending order based on their three-year-average sales growth.
Joining Gigamon on Forbes Fast Tech 25 for 2017 are companies including Facebook (#2), Salesforce (#13), Amazon.com (#19) and Alphabet (#25). The complete Fast Tech 25 list is here.
The Gigamon® Visibility Platform enables a modern, secure infrastructure that delivers pervasive visibility into all the data-in-motion across an enterprise network – physical, virtual, private, hybrid and public cloud environments. With an extensive and growing network and security partner ecosystem, Gigamon offers the simplicity, breadth, and depth needed to support the network optimization and security needs of organizations of all types and sizes.
Gigamon (NYSE: GIMO) provides active visibility into physical and virtual network traffic, enabling stronger security and superior performance. Gigamon Visibility Platform and GigaSECURE®, the industry's first Security Delivery Platform, deliver advanced intelligence so that security, network, and application performance management solutions in enterprise, government, and service provider networks operate more efficiently and effectively. Learn more at www.gigamon.com, the Gigamon blog or follow Gigamon on Twitter, LinkedIn or Facebook. See What Matters®
Legal Notice Regarding Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. Forward-looking statements in this press release include, but are not limited to, the goals and expectations regarding future performance and projected growth for Gigamon products and the network security market. Our expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected. These risks include our ability to continue to deliver and improve our products and general market, political, economic and business conditions. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the period ended December 31, 2016 and most recent Quarterly Report on Form 10-Q. The forward-looking statements in this press release are based on information available to Gigamon as of the date hereof, and Gigamon disclaims any obligation to update any forward-looking statements, except as required by law.
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