Attributes 216 Percent Revenue Growth to company’s focus on innovation to deliver outstanding value to customers and foster rapid solution acceptance.
MONTREAL, Canada – 28/11/2018 - Nakisa today announced it ranked 365 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. Nakisa grew 216 percent during this period.
Nakisa’s CEO, Babak Varjavandi, credits the company’s success on the amazing team whose focus on technology and innovation has led to significant customer adoption. Varjavandi said, "Our passion is the development of innovative, forward-thinking technology that addresses the real needs of our customers. I am so happy to see our efforts result in the rapid customer adoption of our products and proud that these efforts have been recognized by Deloitte as one of the Technology Fast 500 companies of 2018. We have recently opened up our API to the developer’s community to allow third parties to build custom extensions, and we will be releasing our AI/Deep Learning predictive engine in the coming months. We are confident our focus on innovation will result in even faster customer adoption of our solutions.”
“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.
A global leader in enterprise business solutions for Organization Design and Accounting & Compliance, Nakisa delivers innovative, forward-thinking and robust human resource and financial management solutions that advance your business strategies. Available in the cloud.
With a global network of partners, Nakisa serves 800+ enterprise customers and over 4 million subscribers in 24 industries. Nakisa is proud to work with some of the world’s most renowned brands.
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