SevOne Ranked as 75th Fastest Growing Company in North America on Deloitte's 2012 Technology Fast 500
Attributes 1808 Percent Revenue Growth to its Visionary Leadership, Product Excellence and Innovation, and Dedication to Customers and Partners
Wilmington, DE – November 15, 2012 – SevOne, the leader in network performance management, today announced it ranked number 75 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 1808 percent during this period.
“The companies on the Fast 500 list are among those that have demonstrated remarkable innovation, creativity and business savvy,” said Bill Ribaudo partner, Deloitte & Touche LLP and national TMT leader for audit and enterprise risk services (AERS). “As a result, these companies have continued to successfully forge ahead in a challenging economic environment. We applaud the leadership and employees of SevOne for this impressive accomplishment.”
SevOne also placed 30th in North America on Deloitte’s 2011 Technology Fast 500™ and ranked as the second fastest growing company in the Greater Philadelphia Region on Deloitte’s 2011 Greater Philadelphia Fast 50.
“SevOne is honored to be named by Deloitte again in its annual Fast 500 list. Our inclusion again this year underscores the fact that we have established the company as a proven leader in the network performance management market,” stated Mike Phelan, president and CEO of SevOne. “Our exceptional focus and execution on our strategy is also a credit to our growth.”
The complete list of Technology Fast 500 winners can be found at www.fast500.com.
About Deloitte's 2012 Technology Fast 500
Technology Fast 500, conducted by Deloitte & Touche 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 2007 to 2011.
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.
SevOne provides the world's fastest, most scalable performance monitoring platform to the world’s most connected companies. An all-in-one solution, SevOne detects and alerts on network and data center performance events before they impact your business. SevOne developed a next-generation technology called the SevOne Cluster™ that incorporates the cutting edge principles behind distributed computing to address any scalability concerns. SevOne monitors millions of objects across multiple technologies from a single pane of glass. Customers including the top cable companies, wireless network and managed service providers, and top financial services institutions rely on SevOne to monitor the performance of their critical infrastructure.