Attributes 524 Percent Revenue Growth to Increase in Enterprises and Carriers Infrastructure Reliability
WILMINGTON, DE. November 13, 2014 — SevOne, today announced it ranked 191 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. SevOne grew 524 percent during this period.
SevOne’s chief executive officer, Jack Sweeney, credits the company’s 524 percent revenue growth with the importance of network availability coupled with the growth in machine data, the Internet of Things, and organizations driving towards virtualization and Software Defined Networks. He said, "Enterprises and carriers rely on their infrastructure in order to successfully run their business, and they partner with SevOne to make that happen. It’s a privilege we don’t take for granted. Being part of the Deloitte Technology Fast 500 solidifies our success.”
“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.