LifeLock, Inc. Wins 2009 ACE Award
TEMPE, Ariz.-(Business Wire)-September 21, 2009 - LifeLock, Inc. received a 2009 Arizona Corporate Excellence (ACE) Award last night in a private awards celebration held at the J.W. Marriot at Desert Ridge in Phoenix. LifeLock, a leader in identity theft protection services nationwide, was acknowledged for being the state’s fastest growing company.
Identity fraud increased 22% to 9.9 million last year, raising the incident rate to a 5-year high, according to Javelin Strategy & Research. This underscores the need for the proactive protection services like LifeLock® service. In responding to the rapidly expanding consumer demand for better ways to help safeguard against identity theft, LifeLock has realized exceptional growth over the last several years, culminating in this award. In 2008, LifeLock’s member base grew by over 204%. LifeLock currently employs a staff of approximately 450. That is up from 395 in 2008 and 195 employees in 2007.
“It’s a tremendous honor for us,” said LifeLock CEO Todd Davis. “We’ve seen phenomenal growth over the last few years, and I’m proud of my team to meet the challenges that come with the fast-changing dynamics. I’m also proud to be helping to build our community right here in Arizona.”
LifeLock was selected for the 2009 ACE Award based on revenue growth over the most recent two years, using both actual dollar growth and percentage-revenue growth over those same years. This formula puts both small and large companies on an even playing field, and has been used throughout the history of the ACE Awards program.
The goal of the ACE Awards is to develop an increasing sense of knowledge sharing and community among private companies in Arizona. Through participation in the program, the ACE Awards provides a means for executives at all levels to enhance their personal networks. To qualify for the ACE Awards, a company must be headquartered in Arizona, privately held and for-profit. Companies from the following industries are excluded: Professional services (accounting, tax, legal, consulting, etc.), governmental organizations, banking and financial services, real estate brokers, and investment banking.
About LifeLock
LifeLock, Inc. (www.lifelock.com) is an industry leader in proactive identity theft protection. Since 2005, LifeLock has been providing consumers with the tools and confidence they need to help protect themselves when they have a good faith suspicion that they have been or are about to become a victim of identity theft. The company has a strong focus on educating consumers and working with law enforcement and elected officials to better understand the increasing threats of identity theft. A multiple award-winning organization, LifeLock has been recognized by the American Business Awards as Best Overall Company and offering consumers the best new service (TrueAddress™) and was recently named to the Top Global Company 250 list by AlwaysOn.
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