Document Security Systems, Inc., (NYSE/Alternext US LLC:DMC) a leader in patented protection against counterfeiting and unauthorized copying, scanning and photo imaging, has been named to Deloitte’s Technology Fast 500. The Technology Fast 500 recognizes the 500 fastest-growing technology, media and entertainment, telecommunications and life sciences companies in the United States and Canada . Winners, selected from regional Fast 50 lists, nominations and extensive research, are announced each fall.
Earlier this month, Document Security Systems was named to Deloitte’s Fast 50 Program for New York, New Jersey and Connecticut. Now in its second decade, Deloitte’s Technology Fast 500 continues to be the pre-eminent barometer of the fastest growing innovators.
“We are thrilled to be recognized on this influential list of innovative companies,” said Patrick White, CEO of Document Security Systems. “Our leading edge IP continues to be a strong competitive advantage as we transition to a customer-driven, full-service provider of a wide range of security products and solutions that provide the most secure form of protection against counterfeiting and brand fraud. As the only pure technology play in the rapidly expanding anti-counterfeiting and authentication market, our robust technology platform augers well for our continued growth.”
Awards are based on percentage revenue growth over a five-year period. To be eligible for the Fast 500, a company must: own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company’s operating revenue or devotes a significant proportion of revenue to research and development of technology; have base-year operating revenue of at least $50,000 USD or CD, and current-year operating revenue of at least $5 million USD or CD; submit tax returns or audited financial statements with their submitted nomination to complete their eligibility; be in business a minimum of five years; and be headquartered within North America. Subsidiaries or divisions are not eligible (unless they have some public ownership and are separately traded).
Document Security’s increase in revenues of 690% over the last five years resulted in a number 251 ranking in the Technology Fast 500, and a number 49 ranking in the Technology Fast 50 for New York, New Jersey and Connecticut. For more information on Deloitte’s Technology Fast 50 or Technology Fast 500 programs, visit www.Fast50.com or www.Fast500.com.
About Document Security Systems, Inc.
Document Security Systems is a world leader in the development of optical deterrent technologies that help prevent counterfeiting and brand fraud from the use of the most advanced scanners, copiers and imaging systems in the market. The Company’s patented and patent-pending technologies protect valuable documents and printed products from counterfeiters and identity thieves. DMC’ customers, which include international governments, major corporations and world financial institutions, use its covert and overt technologies to protect a number of applications including, but not limited to, currency, vital records, brand protection, ID cards, internet commerce, passports and gift certificates. DMCS’ strategy is to become the world’s leading producer of cutting-edge security technologies for paper, plastic and electronically generated printed assets. More information about Document Security Systems can be found at its websites: www.documentsecurity.com and www.plasticprintingprofessionals.com.