Nextiva, a leading business communications company, announced today that it ranked 489 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing companies in technology, media, and telecommunications, and more.
Nextiva is notably different than most companies on the list as it is privately held without venture funding. The company made the list due to its revenue growth of 174 percent between 2015 - 2018. Overall, 2019 Technology Fast 500™ companies achieved revenue growth ranging from 166 percent to 37,458 percent in that time frame, with a median growth of 439 percent.
This is the Nextiva’s fifth year on the prestigious list and the company credits product innovation and its focus on Amazing Service™ for its recent 174 percent growth. “Nextiva has experienced tremendous growth as a private, non-venture backed company.” said Nextiva President and COO Marc Stoll. “We are proud to be named among the fastest growing companies in the United States and we look forward to further expansion as we continue to power human connections and improve the customer experience for both our customers and their customers.”
“This year marks the 25th anniversary of Deloitte’s Technology Fast 500, so we are especially pleased to announce and congratulate the 2019 winners,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “Once again, we saw innovation across the board, with software companies continuing their dominance of the top ten. It’s always inspiring to see how the Fast 500 companies are transforming business and the world we live and work in.”
Mohana Dissanayake, partner, Deloitte & Touche LLP, and industry leader for technology, media, and telecommunications, within Deloitte’s audit and assurance practice, said: “What’s exciting about celebrating 25 years of the Tech Fast 500 is we now have a quarter century of innovation stories to draw and reflect upon. These are the companies that push boundaries, help organizations become more efficient and productive, and ultimately enable businesses to drive growth and revenue. We congratulate all the well-deserving winners.”
Nextiva previously ranked 426th as a Technology Fast 500™ award winner in 2018, 423rd in 2016, 287th in 2015, and 80th in 2014.
Nextiva (nextiva.com) is a business communications company dedicated to empowering organizations to manage their communications, productivity, and customer relationships on a truly unified platform.
About DELOITTE’S 2019 TECHNOLOGY FAST 500™
Now in its 25th year, Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies both public and private in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2015 to 2018.
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 $US50,000, and current-year operating revenues of at least $US5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
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