[RESEARCH TRIANGLE PARK, NC], [Nov. 15, 2018] — Devada today announced it ranked 490 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. Devada grew 147% percent during this period.
Devada’s chief executive officer Matt Tormollen credits the company’s focus on enabling the developer community as a key factor in their success. “We’re extremely honored to be recognized with the winners in Deloitte’s ranking. This is affirmation of our mission to harness the incredible power of our people and products to bring developer practitioners, advocates, and novices together as a community,” says Tormollen. “Recognizing that developers sit at the hub of innovation, we offer solutions that drive knowledge sharing, foster communities for collaboration, and facilitate learning and growth.”
“Congratulations to the Deloitte 2018 Technology Fast 500 winners on this impressive achievement,” said Sandra Shirai, vice chairman, Deloitte LLP, and US 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.”
Devada was previously ranked 480 in the 2017 Technology Fast 500™ for 151% growth in that period.
Overall, 2018 Technology Fast 500™ companies achieved revenue growth ranging from 143% to 77,260% from 2014 to 2017, with median growth of 412%.
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.
Devada is committed to empowering developers with products that sit at the convergence of two important trends: developers’ increased desire for authentic, user-generated content and developers’ growing importance to technology and tech-enabled companies. Devada is the leading resource for engaging developers around the world through its authoritative DZone.com media site. Devada’s AnswerHub powers DZone.com and developer communities for many tech and tech-enabled giants, including IBM, Epic Games, and Disney Pixar. For more information, please visit devada.com.
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