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Clarizen Named a "Top 15" Company in the 2013 Deloitte Fast 500(TM) EMEA

Enterprise Work Collaboration Leader Recognized for Achieving 8453% Growth

SAN MATEO, CA -- (Marketwired) -- 12/10/13 -- Clarizen, the leader in enterprise work collaboration software, today announced it has been ranked the twelfth fastest-growing company in the 2013 Deloitte Technology Fast 500™ for EMEA (Europe, Middle East and Africa). Clarizen's impressive growth rate of 8453 percent between 2008 and 2012, underscores the company's growing market momentum and the increasing need for organizations to energize and empower high-performance teams.

"It is truly a remarkable accomplishment to be named among EMEA's 500 fastest-growing technology companies," said Clarizen CEO Avinoam Nowogrodski. "As we continue to see our business accelerate, we remain committed to our vision of leading the future of work by connecting social context with tasks and projects to drive increased productivity and profitability. Our success is determined by our customer's success and we truly thank Deloitte for this great honor."

Now in its 13th year, the annual Deloitte Touche Tohmatsu Limited (DTTL) Global Technology, Media & Telecommunications (TMT) industry group's program ranks the fastest growing public and private technology, media, telecommunications, life sciences, and clean technology companies from 24 countries in the EMEA region, based on percentage revenue growth over a five-year period. This year's Fast 500 list had an overall average revenue growth rate of 1,403 percent, a slight decrease from the 1,549 percent growth rate for 2012. This year's program received more than 1,000 submissions and the software sector represented 43 percent of the overall rankings, followed by the Internet sector with 22 percent.

The full list of ranked companies, as well as additional details on the Deloitte Technology Fast 500 program, can be accessed at www.deloitte.com/fast500emea.

About the Deloitte Technology Fast 500™ EMEA

Technology Fast 500, conducted by Deloitte Touche Tohmatsu Limited (DTTL), provides a ranking of the fastest growing technology, media, telecommunications and green technology companies -- both public and private -- in Europe, Middle East & Africa. 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 EUROS, and current-year operating revenues of at least 800,000 EUROS. Additionally, companies must be in business for a minimum of five years, and be headquartered within Europe, Middle East & Africa.

About Clarizen

Clarizen is the leader in enterprise-class work collaboration and project management solutions that harness the power of the cloud to get work done efficiently, effectively and with better results. Fast to deploy and easy to use, Clarizen is redefining enterprise collaboration by connecting social context with tasks and projects to drive increased productivity and profitability. Clarizen fuels the high-performance teams of more than 2,000 organizations across 76 countries, including more than 25 of the Fortune 500. In 2013, Clarizen received the SIIA CODiE Award for "Best Product Management Solution." Founded in 2005, Clarizen is privately held with offices in San Mateo, California and Hod Hasharon, Israel. For more information, visit www.clarizen.com.

Clarizen is a registered trademark and the Clarizen logo is a trademark of Clarizen Ltd. All other trademarks are the property of their respective owners.

MEDIA CONTACT:
Jen Howard
Clarizen
650-544-2937
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