NewswireToday - /newswire/ -
Reading, PA, United States, 2013/11/14 - Fidelity Technologies Corporation announced it ranked 494 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 - FidelityTech.com.
Fidelity grew 144% percent during this period.
Fidelity’s President, David Gulati, credits the drive and determination of a strong team of individuals, who are committed to providing warfighters with superior products and services, with the company’s 144% revenue growth. He said,“This is the second consecutive year that Fidelity (fidelitytech.com) has ranked as a Deloitte Technology Fast 500 company. Our continued growth is a true testament to the hard work and dedication of our team.”
“The 2013 Deloitte Technology Fast 500 companies are exemplary cases of those spurring growth in a tough market through innovation,” said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications leader. “This year’s list is a who’s who of companies behind the most exciting and innovative products and services in the technology space. We congratulate the Fast 500 companies and look forward to what they do next.”
“The fastest growing companies in the US are drivers of constant innovation and operate with the agility to stay ahead of a quickly evolving marketplace, and software, biotech/pharma and internet companies continue to be at the forefront,” added James Atwell, national managing partner of the Emerging Growth Company practice, Deloitte Services LP. “The companies excelling in these sectors have a startup mentality that allows them to be nimble and adapt quickly, which is why they consistently lead the list of fast-growing companies each year.”
Gulati concludes,“We are honored by the recognition we’ve received for our team’s accomplishments, and we will use the momentum from our growth this past year to carry us into 2014.”
About Deloitte’s 2013 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 2008 to 2012.
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.