Deloitte Unveils 2022 North America Technology Fast 500 Rankings

The software and services industry category continues to lead the list, but the life sciences category is noteworthy which is growing in 28th annual ranking of the fastest growing businesses

SAN FRANCISCO, November 16, 2022 /PRNewswire/ — Deloitte today released its “North America Technology Fast 500,” an annual ranking of the fastest-growing North American companies in the technology, media, telecommunications, life sciences, fintech, and energy technology sectors, now in his 28th year.

The 28th annual Deloitte North America Technology Fast 500 by industry.

The 28th annual Deloitte North America Technology Fast 500 by industry.

Technology Fast 500 awards are selected based on fiscal year revenue growth percentage from 2018 to 2021. Overall, 2022 Technology Fast 500 companies experienced revenue growth from 241% to 125,138% over the three-year time frame, with a median growth rate of . 611%.

“As the past year has shown us, innovation in important areas such as life sciences is critical to addressing infectious diseases and other global health issues,” said Paul Silvergate, vice chairman, Deloitte LLP and a leader in the US technology sector. “Furthermore, technology must keep up with ever-changing consumer and corporate demands for faster, safer and more efficient solutions to new societal challenges. Every year I am inspired by the enormous talent that the Technology Fast 500 rankings reveal , affirming the winners’ relentless pursuit of creativity and their ability to solve real-world problems that benefit us all.”

The Top 10 of The Technology Fast 500 includes:

2022
Degree

Company

Sector

Revenue Growth

(2018 to 2021)

City, State

1

Vir Biotechnology, Inc.

Life sciences

125,138 %

San Francisco, Calif.

2

Company Information Company Name Takeoff Technologies, Inc.

Software and services

53,250%

Waltham, Mass.

3

Axonius

Software and services

46,270%

New York, NY

4

Axonics, Inc.

Life sciences

25,401%

Irvine, Calif.

5

VAST details

Software and services

14,985%

New York, NY

6

New Age

Life sciences

13,575%

Cambridge, Mass.

7

Herd Safety

Software and services

13,117%

Atlanta, Ga.

8

Corvus Insurance

Fintech

12,394%

Boston, Mass.

9

Fluid Trucks

Energy and sustainability technology

9,899%

Denver, Colo.

10

Proposal

Fintech

9,154%

Seattle, Wash.

Also Read :  Hillary Clinton returns to trail for struggling Hochul, slams GOP

The California Bay Area leads the regional representation
Deloitte Technology Fast 500 winners represent more than 38 states and provinces across North America. California The Bay Area had a significant showing on this year’s list leading the regional representation with 20% of the Technology Fast 500 winners, 64% of which were from the software and services category. The Tri-State Area accounted for 12% of the winning companies; New England by 6%, with 62% of the region’s winners representing the new life sciences category; Washington, DC, Washington Stateand Texas responsible for 5% each of the winning companies.

Below is a summary of the 2022 ranking by region with a significant number of winners:

Location

Percentage of the List

Fastest Growing Company

in the Region

Overall Company
Ranking

Sectors of great influence

in Location

Bay Area

20%

Vir Biotechnology, Inc.

1

Software 64%

Tri-State Area

12%

Axonius

3

Software 66%

New England

6%

Company Information Company Name Takeoff Technologies, Inc.

2

Life sciences 62%

Washington, DC

5%

Upside down

88

Software 71%

Washington State

5%

Proposal

10

Software 62%

Texas

5%

OJO Labs

93

Software 86%

Software and services led the way for the 27th consecutive year
Software and services companies topped this year’s Technology Fast 500 list again, accounting for the majority of winners for the 27th consecutive year (61%). Of the software and services companies on the list, digital platforms made up the majority of winners (49%) while enterprise infrastructure and productivity followed with 30% of winners. Security (13%), consumer software (6%) and education (2%, and a new subsector category for this year), comprised the rest of the subsectors within software and services. Life sciences and fintech rounded out the top three industry categories with 19% and 9% of total winners, respectively.

Also Read :  Opinion | Putin seems to want to talk. The U.S. should take him up on it.

Venture capital backing continued to be a winning strategy in the 2022 Technology Fast 500 ranking, with 84% of listed companies backed by venture capital or private equity financing at some point in their company history, up from 81% last year.

The Technology Fast 500 by industry sector:

Sector

Percentage

Head of Sector

Median Income Growth
(2018 to 2021)

Software and services

61%

Takeoff Technologies, Inc. (#2)

611%

Life sciences

19%

Vir Biotechnology, Inc. (#1)

613%

Fintech

9%

Corvus Insurance (#8)

611%

Digital content/media/entertainment

4%

Prize Options (#48)

557%

Hardware and semiconductors

4%

Synthetic Body (#46)

563%

Energy and sustainability technology

2%

Fluid Truck (#9)

745%

Communication/networking

1%

Disagreement (#77)

590%

“This year’s Technology Fast 500 list is a true reflection of some of today’s most determined and inspiring pioneers who have gone above and beyond, understanding what it takes to will succeed and drive creativity forward,” said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s audit and assurance practice. “Representing all aspects of technology, the winners demonstrated not only that they have the vision but that they can expertly manage their companies through rapid growth. We congratulate each winner on their remarkable achievements.”

For additional details on the Technology Fast 500, including the full list and qualifying criteria, visit www.fast500.com. Connect with us on Twitter: @DeloitteTMT; #Fast500 or on LinkedIn at: @PaulSilverglate; @ChristieSimons.

Also Read :  WATCH: State Department holds briefing as reports suggest Iran increased its uranium stockpile

About Deloitte
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most respected brands, including nearly 90% of the Fortune 500® and more than 7,000 private companies. Our people come together for more and work across the industry sectors that drive and shape today’s market — delivering measurable and sustainable results that help strengthen public confidence in our capital markets, inspire clients to see challenges as opportunities for transformation and success, and that helps them. leading the way to a stronger economy and a healthier society. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that matter most to them. Building on more than 175 years of service, our network of member firms covers more than 150 countries and territories. Find out how approximately 415,000 people connect Deloitte worldwide for impact at www.deloitte.com.

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and all member firms are legally independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. I the United StatesDeloitte refers to one or more of the US member firms of DTTL, their related entities operating using the name “Deloitte” in the United States and their respective affiliates. Certain services may not be available to certify clients under public accounting rules and regulations. Please see www.deloitte.com/about to learn more about our global network of member businesses.

Industry subsector breakdown of the 28th annual Deloitte North America Technology Fast 500.

Industry subsector breakdown of the 28th annual Deloitte North America Technology Fast 500.

As used in this document, yes "Deloitte"  means Deloitte LLP.  Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.  Certain services may not be available to certify clients under public accounting rules and regulations.  (PRNewsFoto/Deloitte)

As used in this document, “Deloitte” means Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to certify clients under public accounting rules and regulations. (PRNewsFoto/Deloitte)

Cision

Cision

View original content for multimedia download: https://www.prnewswire.com/news-releases/deloitte-unveils-2022-north-america-technology-fast-500-rankings-301679342.html

SOURCE Deloitte



Source

Leave a Reply

Your email address will not be published.

Related Articles

Back to top button