Avail-TVN Ranks Sixth Overall And First Among Media And Entertainment Companies On Deloitte's Technology Fast 500™
RESTON, Va., Nov. 15, 2012 /PRNewswire/ -- Avail-TVN, the leading multiplatform video provider, today announced that the company placed 6th on Deloitte's Technology Fast 500™ and earned the top spot among media and entertainment companies. Avail-TVN earned its place in the top 10 with 38,479 percent growth from 2007-2011.
"It is an honor to be included on Deloitte's Technology Fast 500," said Ramu Potarazu, CEO, Avail-TVN. "Avail-TVN has made strategic investments in international expansion and the development of new products and services that have helped to fuel continued growth. Today, Avail-TVN's reach extends to 28 countries and more than 75 million households globally, making us the largest provider of advanced digital video services worldwide."
Deloitte's Technology Fast 500 is a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. 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.
"The companies on the Fast 500 list are among those that have demonstrated remarkable innovation, creativity and business savvy," said Bill Ribaudo partner, Deloitte & Touche LLP and national TMT leader for audit and enterprise risk services (AERS). "As a result, these companies have continued to successfully forge ahead in a challenging economic environment. We applaud the leadership and employees of Avail-TVN for this impressive accomplishment."
About Deloitte's 2012 Technology Fast 500™
Technology Fast 500, conducted by Deloitte & Touche LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2007 to 2011.
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 or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
Avail-TVN is the largest global provider of digital video services. Working with both service providers and content owners, Avail-TVN is focused on providing its global customer base solutions that simplify content management and distribution, and enable the monetization of content. The company applies its managed service approach, powered by proprietary technology, to the areas of video-on-demand, linear content delivery, TV Everywhere, advanced advertising and data services. For more information, please visit http://www.avail-tvn.com.