FOR IMMEDIATE RELEASE
Attributes 184 Percent Revenue Growth to Innovation and Increased Market Presence
VANCOUVER, BC (November 15, 2018) – Appnovation today announced it ranked No. 420 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Appnovation grew 184 percent during this period.
“We’re honoured and very proud to be featured on this list for the fifth consecutive year," said Appnovation CEO Arnold Leung. “Our innovative team continues to deliver engaging, integrated and omni-channel digital experiences to our clients, helping them achieve more, faster."
“Congratulations to the Deloitte 2018 Technology Fast 500 winners on this impressive achievement,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “These companies are innovators who have converted their disruptive ideas into products, services and experiences that can captivate new customers and drive remarkable growth.”
“Software, which accounts for nearly two of every three companies on the list, continues to produce some of the most exciting technologies of the 21st century, including innovations in artificial intelligence, predictive analytics and robotics,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and Industry Leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “This year’s ranking demonstrates what is likely a national phenomenon, where many companies from all parts of America are transforming the way we do business by combining breakthrough research and development, entrepreneurship and rapid growth.”
Overall, 2018 Technology Fast 500™ companies achieved revenue growth ranging from 143 percent to 77,260 percent from 2014 to 2017, with median growth of 412 percent.
About Deloitte’s 2018 Technology Fast 500™
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 2014 to 2017.
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, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Appnovation is a global Digital Solutions and Managed Services provider, delivering strategy, application development and enterprise integration on leading open technologies. Appnovation’s in-house experts strategize, build, and deploy high-performing, secure digital experiences across many industries, while also offering a wide range of creative capabilities, with 24/7 support and maintenance.
The firm boasts an impressive, cross-industry client roster ranging from Start-Ups to Fortune 500, government entities, nonprofit organizations and beyond. Since its inception in 2007, Appnovation has worked with hundreds of clients, delivering thousands of projects, achieving international recognition for development, innovations, and business success.
Open Digital Delivered. Visit appnovation.com today.
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