ATLANTA--(BUSINESS WIRE)--Subhead should read Attributes 617% Revenue Growth to Increased Global Demand for Automated Breach Detection and Response (instead of Attributes 464 Percent Revenue Growth...)

Also, first paragraph, second sentence should read Damballa grew 617% during this period (instead of Damballa grew 464% during this period).

The corrected release reads: 

DAMBALLA RANKED NUMBER 170TH FASTEST GROWING COMPANY IN NORTH AMERICA ON DELOITTE’S 2014 TECHNOLOGY FAST 500™

Attributes 617% Revenue Growth to Increased Global Demand for Automated Breach Detection and Response

Damballa, a leader in automated breach defense, today announced it ranked No. 170 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Damballa grew 617% during this period.

“Forward-thinking executives realize you can’t prevent advanced cyber-attacks,” said David Scholtz, CEO of Damballa. “This mindset shift has driven demand toward Damballa Failsafe, an automated detection system that confirms the existence of hidden infections. Our customers tell us that Failsafe is their stopgap between compromise and a breach.”

“The companies ranked on the 2014 Deloitte Technology Fast 500 continue to set the bar for their industry higher each year,” said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications leader. “There are so many exciting products and smart thought leaders driving this list. We congratulate the Fast 500 companies and look forward to seeing them continue their momentum into 2015.”

“For 20 years, the Deloitte Fast 500 rankings have honored the innovation that is part of these companies’ DNA,” added Jim Atwell, national managing partner of the emerging growth company practice, Deloitte & Touche LLP. “We’re glad to be serving these high-growth companies, and helping the technology sector recognize the great strides and transformation these companies are making in their respective areas.”

About Deloitte’s 2014 Technology Fast 500™

Technology Fast 500, conducted by Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2009 to 2013.

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 Damballa

As a leader in automated breach defense, Damballa delivers advanced threat protection and containment for active threats that bypass all security prevention layers. Born for breach defense, Damballa rapidly discovers infections with certainty, pinpointing the compromised devices that represent the highest risk to a business, and enabling prioritized response and refocusing of security experts to the areas of greatest risk to an enterprise. Our patented solutions leverage Big Data from one-third of the worlds Internet traffic, combined with machine learning, to automatically discover and terminate criminal activity, stop data theft, minimize business disruption, and reduce the time to response and remediation. Damballa protects any device or OS including PCs, Macs, Unix, iOS, Android, and embedded systems. Damballa protects more than 400 million endpoints globally at enterprises in every major market and for the world's largest ISP and telecommunications providers. For more information, visit www.damballa.com, or follow us on Twitter @DamballaInc.