Santa Clara, Calif., (August 17, 2017) – 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.