CyberDefender Ranked Number 98 Fastest Growing Company in North America on Deloitte's 2011 Technology Fast 500(TM)
October 20 2011 - 8:30AM
CyberDefender® Corporation (Nasdaq:CYDE), a leading provider of
direct-to-consumer remote technical support services, Internet
security software and utilities, today announced it ranked 98 on
Deloitte's Technology Fast 500™ ranking of the 500 fastest growing
technology, media, telecommunications, life sciences and clean
technology companies in North America. CyberDefender grew
year-over-year GAAP revenues 142 percent during 2010.
CyberDefender's Chief Financial Officer, Kevin Harris, credits
continued strong growth in its LiveTech support services and the
company's highly effective direct to consumer marketing strategy
with the company's revenue growth.
"CyberDefender, like all 2011 Technology Fast 500™ companies,
has excelled in fostering innovation and channeling it into
spectacular growth -- against the backdrop of one of the most
challenging economies in history," said Eric Openshaw, vice
chairman and U.S. technology, media and telecommunications leader,
Deloitte LLP. "Deloitte recognizes CyberDefender for its remarkable
accomplishment."
"We are pleased to honor CyberDefender as a 2011 Technology Fast
500 company," said Mark Jensen, managing partner, technology and
venture capital services, Deloitte & Touche LLP. "As one of the
fastest growing tech companies in North America, CyberDefender has
demonstrated excellence in technological innovation,
entrepreneurship and rapid growth."
Overall, 2011 Technology Fast 500™ companies achieved revenue
growth ranging from 134 percent to 70,211 percent from 2006 to
2010, with an average growth of 1,736 percent. During this
period, CyberDefender achieved 1,069 percent revenue growth.
About Deloitte's 2011 Technology Fast 500™
Technology Fast 500, which was conducted by Deloitte &
Touche LLP, a subsidiary of Deloitte LLP, provides a ranking of the
fastest growing technology, media, telecommunications, life
sciences and clean technology companies – 5 both public and private
- in North America. Technology Fast 500 award winners are selected
based on percentage fiscal year revenue growth from 2006 to 2010.
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 $50,000 USD or CD, and current-year
operating revenues of at least $5 million USD or CD. Additionally,
companies must be in business for a minimum of five years, and be
headquartered within North America.
About CyberDefender
CyberDefender is a leading provider of remote technical support
services, Internet security software and utilities directly to the
consumer market. CyberDefender's team of highly trained technicians
and sales agents provide customers with efficient, round the clock
remote PC repair services. The company markets
antispyware/antivirus software, PC optimization software and online
backup services. By combining remote live technical support and the
aforementioned software products, CyberDefender offers a complete
Internet security solution to consumers.
CyberDefender directly markets its products and services to
consumers through television and radio via its MyCleanPC®,
MaxMySpeed® and DoubleMySpeed® brands. CyberDefender products are
fully compatible with Microsoft Windows® XP, Vista®, and 7
Operating systems. All products are available at
www.cyberdefender.com. Investor relations information is available
at www.cyberdefendercorp.com.
The CyberDefender Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7874
CONTACT: Investor Relations:
(213) 689-8631 x 130
IR@CyberDefender.com
IR Site: www.CyberDefenderCorp.com
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