Inc. magazine has ranked LifeLock as an industry leader in proactive identity theft protection, and eighth on its 29th annual Inc. 500 List, an exclusive ranking of the nation’s fastest growing private company.
The publication also recognized LifeLock as No. 1 in the security category.
The list represents the most comprehensive look at what many feel are the most important segment of the economy: America’s independent-minded entrepreneurs. Companies like Microsoft, Visa, Zappos, Go Daddy, Oracle and hundreds of others gained early exposure as members of the Inc. 500.
“This is an enormous milestone in the history of our organization,” said Todd Davis, LifeLock chairman and CEO. “I truly see this recognition as a testament to our employees’ never ending commitment to provide consumers with the means necessary to help fight the fast growing crime of identity theft. Despite a down economy, the pressure of creating an industry and unwanted distractions, we have been able to stay focused on our overall mission and deliver the most innovative products and world-class customer service.”
This year’s list measured revenue growth from 2006-9, and LifeLock’s growth was more than 11,474 percent. To qualify, companies must have been founded by and generating revenue by the first week of 2006, and able to show four full calendar years of sales.
Additionally, the companies had to be U.S.-based, privately held, for profit and independent as of Dec. 31, 2009. The minimum required revenue for 2006 was $100,000, with the minimum in 2009 set at $2 million.
LifeLock’s revenue in 2009 ranked third among the top-10 companies, with $131.4 million.
A recent study showed that more than 20 million Americans have multiple Social Security numbers associated with their names in commercial records. Proactive identity theft protection can help prevent identity theft and protect the personal information of consumers. LifeLock does just this – taking action before the theft occurs, an innovative approach to protection taken by no other company in the industry.
Since 2005, LifeLock has provided consumers with the necessary tools to protect themselves from identity theft. The company has a solid focus on educating consumers and working with law enforcement professionals and elected officials to facilitate a better understanding of the threat of identity theft and how to prevent it.
LifeLock has been recognized by AlwaysOn to the Top Global Company 250 list, 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 its LifeLock Identity Alert ™ system, which is key in providing broader identity coverage, greater control and early notification of both credit and non-credit related identity threats.
