TORONTO, ONTARIO--(Marketwire - Aug. 29, 2012) - SecureKey Technologies Inc. today announced that it has been ranked #2 on PROFIT Magazine's 13th annual PROFIT HOT 50, the definitive ranking of Canada's Top New Growth Companies. Published in the October issue of PROFIT Magazine and online at PROFITguide.com, the PROFIT HOT 50 ranks young firms by two-year revenue growth.
SecureKey, a developer of secure authentication solutions that extend the power of chip-based identity and payment credentials to online and mobile transactions, made the PROFIT HOT 50 list with a two-year revenue growth of 1,759%.
"A talented and diverse group of entrepreneurs have built this year's HOT 50 companies," says Ian Portsmouth, Publisher and Editor-in-Chief of PROFIT. "Their creativity and ambition spell a bright future for their businesses, and point the way to success in Canada's ever-challenging economy."
"SecureKey is thrilled to be on the PROFIT HOT 50 ranking," declares Charles Walton, CEO. "We're at an exciting stage, with a fantastic team, doing great things in Canada and across the globe."
SecureKey recently completed a $30 million strategic investment round, led by Intel Capital, along with new investors Visa Inc., MasterCard, Discover Financial Services, Rogers Venture Partners LLC, and TELUS Corporation. The company has also launched a new authentication service for the Government of Canada that allows Canadians to use their bank authentication credentials to obtain access to online government services. Additionally, SecureKey was awarded the prestigious Veracode Secure Development award, the UK Trade and Investment's Global Adventure competition, and was named one of the Top 25 Up & Comers in the Branham300 annual list of top technology companies in Canada.
About SecureKey Technologies Inc.
SecureKey provides an innovative platform-as-a-service for authentication, payment and identity. By embedding its security client in laptops, tablets, and mobile devices, SecureKey enables partners to deliver scalable, easy-to-use solutions with the security of chip-based identity and payment credentials. Financial institutions, healthcare providers, telecoms, and government organizations are using SecureKey today to provide two-factor and federated authentication and identity solutions. SecureKey is a privately-held company based in Toronto, Canada, with backing from leading technology, payments and mobile industry network providers. For more information, visit www.securekey.com.
About PROFIT Magazine:
PROFIT: Your Guide to Business Success is Canada's preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For 30 years, Canadian entrepreneurs and senior managers across a vast array of economic sectors have remained loyal to PROFIT because it's a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generating positive economic and social change. Visit PROFIT online at www.PROFITguide.com.