Austin, TX, November 18, 2015 – Itransition, a leading provider of full-cycle software development services, successfully debuted on the Deloitte’s Technology Fast 500™ list, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America.
For more than 20 years, Deloitte has been identifying the fastest growing technology companies, both public and private, in North America. However, growth is not the only requirement to get to the Technology Fast 500 list.
Companies must have their own proprietary intellectual property or technology. This proprietary IP, sold to customers as products and/or services, should in its turn constitute a majority of the company’s operating revenues. There are a minimum base-year and current-year operating revenue requirements as well. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Deloitte’s Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth over a three year period. Itransition’s revenues grew by 183 percent from 2011 to 2014, so the company ranked number 352.
Amid a fierce business climate, there seems to be no shortage of new and established companies that are unlocking a seemingly unlimited potential for growth and advancement through technology’s continued disruption and proliferation across industries.
It is inspiring to witness the innovative ways that companies are incorporating emerging technologies for business gains, be it cognitive computing, or the Internet of Things. We congratulate Itransition along with the other companies ranked on this year’s Fast 500 and look forward to seeing their continued growth into 2016.
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Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including 80 percent of the Fortune 500. Our people work across more than 20 industry sectors to deliver measurable and lasting results that help reinforce public trust in our capital markets, inspire clients to make their most challenging business decisions with confidence, and help lead the way toward a stronger economy and a healthy society.