BetterCloud Ranked 37th Fastest Growing Company in North America on Deloitte's 2017 Technology Fast 500(TM)
NEW YORK, Nov. 9, 2017 /PRNewswire/ -- BetterCloud, the company driving the SaaS-powered workplace, today announced it ranked 37th on Deloitte's Technology Fast 500(TM), a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. BetterCloud grew 4,904% percent during this period.
BetterCloud's chief executive officer, David Politis, credits their unique ability to help IT organizations address and solve the main challenges caused by enterprise adoption of SaaS applications with the company's 4,904% revenue growth. He said, "SaaS companies have dominated the Deloitte Fast 500 for the past two decades, and it is this very technology that enables other hyper-growth companies on the list to quickly scale their business operations. At BetterCloud, our mission is to help IT keep pace with the explosion of workplace SaaS applications and we're proud to join many of our customers and partners on the Deloitte Fast 500 list. SaaS is revolutionizing the workplace and the economy, and as the first ever IT management and security platform built for SaaS apps, this trend will continue to drive BetterCloud's success."
"The Deloitte 2017 North America Technology Fast 500 winners underscore the impact of technological innovation and world class customer service in driving growth, in a fiercely competitive environment," said Sandra Shirai, vice chairman, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. "These companies are on the cutting edge and are transforming the way we do business. We extend our sincere congratulations to all the winners for achieving remarkable growth while delivering new services and experiences for their customers."
"Emerging growth companies are powering innovation in the broader economy. The growth rates delivered by the companies on this year's North America Technology Fast 500 ranking are a bright spot for the capital markets and a strong indicator that the emerging growth technology sector will continue to deliver a strong return on investment," said Heather Gates, national managing director of Deloitte & Touche LLP's emerging growth company practice. "Deloitte is dedicated to supporting the best and brightest companies of the future in the emerging growth company sector. We are proud to acknowledge the significant accomplishments of this year's Fast 500 winners."
About Deloitte's 2017 Technology Fast 500(TM)
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 2013 to 2016.
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.
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 each of its member firms are legally separate and independent entities. DTTL (also referred to as "Deloitte Global") does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
About BetterCloud
BetterCloud is the first SaaS application management and security platform, enabling IT to centralize, orchestrate, and operationalize day-to-day administration and control for SaaS applications. Every day, thousands of customers rely on BetterCloud to centralize data and controls, surface operational intelligence, enforce complex security policies, and delegate custom administrator privileges across SaaS applications. To further guide customers on their SaaS strategy, the company established the first-ever "SaaS Application Management and Security Framework" in its newly published book, Controlling Your SaaS Environment. BetterCloud is headquartered in New York City with an engineering office in Atlanta, GA. For more information, please visit www.bettercloud.com.
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