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SAN MATEO, CA and HOD HASHARON, ISRAEL -- (Marketwired) -- 10/29/13 -- Clarizen, the leader in enterprise work collaboration software, today announced it has been ranked as the fourth fastest-growing company in the Deloitte Technology Fast 50 for Israel by achieving 8453% growth between 2008 and 2012. The foremost technology award program is part of the larger international Fast 50 program run by Deloitte. This win underscores Clarizen's growing market momentum and the increasing need for organizations to energize and empower high-performance teams.

"With Israel being one of the top countries listed on the NASDAQ, it is truly a remarkable accomplishment to be named among the nation's 50 fastest-growing technology companies," said Clarizen CEO Avinoam Nowogrodski. "Clarizen's sustained revenue growth over the last five years has proven that we are committed to our customers' success and to our vision of leading the way to the future of work. We are truly honored to be named to the Deloitte Fast 50."

The Deloitte Brightman Almagor Zohar 50 is a ranking of Israel's 50 fastest-growing technology companies based on percentage growth over five years. The Fast 50 program honors business growth, technological innovation and Israeli entrepreneurial spirit. Clarizen was honored at the Fast 50 2013 awards ceremony on October 27, 2013 in Tel Aviv, Israel.

"Achieving sustained revenue growth of 8453% over five years is a fantastic achievement for a technology company operating in a competitive global economy," said Tal Chen, partner in charge of the Deloitte Brightman Almagor Zohar Israel Technology Fast 50 Program. "Clarizen deserves great recognition for its outstanding growth, and we congratulate them."

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.