For the Third Consecutive Year, CenTrak Ranked as One of the Fastest Growing Companies in North America on Deloitte's Technology Fast 500™

CenTrak attributes its rapid growth to the return on investment, operational efficiencies, and improved patient care healthcare providers realize from its Real-Time Location System (RTLS).

19 Nov, 2015, 07:26 ET from CenTrak Inc.

NEWTOWN, Pa., Nov. 19, 2015 /PRNewswire/ -- CenTrak announced today that it ranked as one of the fastest growing companies in North America on Deloitte's 2015 Technology Fast 500™. CenTrak is ranked #17 in the communications/networking industry category. This marks the third consecutive year that CenTrak has been recognized by Deloitte.

CenTrak's President and CEO, Dr. Ari Naim, credits the company's 188 percent revenue growth to the demand for its market-leading Clinical-Grade Visibility™ Technology. As financial pressure on healthcare providers increase, RTLS adoption continues to emerge as a key way to help eliminate workflow inefficiencies and generate cost reductions, while improving patient care.  CenTrak is uniquely positioned to help healthcare organizations realize these benefits due to its scalable platform and highly accurate location technology which enables end-users to easily deploy multiple solutions simultaneously throughout their organization.

"Amid a fierce business climate, there seems to be no shortage of new and established companies that are unlocking a seemingly unlimited potential for growth and advancement through technology's continued disruption and proliferation across industries," said Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. "It is inspiring to witness the innovative ways that companies are incorporating emerging technologies for business gains, be it cognitive computing, or the Internet of Things. We congratulate all those ranked on this year's Fast 500 and look forward to seeing their continued growth into 2016."

Dr. Naim says, "CenTrak's commitment to innovation and continued investment of significant resources into new products and technology fuels our consistent growth in the market. Our partner-driven model and versatile, open, 'Clinical-Grade' infrastructure adds value by allowing healthcare providers to select independently which applications are best suited for them. Our focus on the end-user experience and improved delivery of care, has enabled CenTrak to emerge as the market-leader in healthcare RTLS – delivering on our promise to bring high quality, reliable and affordable real-time location technology to healthcare."  

"Through the efforts and utilization of new and emerging technologies from these companies, we are witnessing greater business demands from across almost all industries," added Jim Atwell, national managing partner of the emerging company practice, Deloitte & Touche LLP. "We look forward to the opportunity to serve these companies as they strive to grow to the next level – be it towards introducing new solutions or entering new markets – and with it make important and long lasting impressions on the technology market as a whole." 

About Deloitte's 2015 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 2011 to 2014.

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 four years and be headquartered within North America.

About CenTrak
CenTrak® is the leading provider of precise, versatile and cost-effective visibility solutions for healthcare. CenTrak's Clinical-Grade Visibility™ platform delivers unmatched accuracy, speed, performance and power-efficiency making it a smarter technology investment. CenTrak's Gen2IR™ technology delivers certainty-based location data, a requirement for workflow and other key healthcare management applications. CenTrak is currently deployed at hundreds of world-class healthcare facilities in the US, Asia, Europe and the Middle East. www.centrak.com

Clinical-Grade RTLS™, Clinical-Grade Visibility™, Clinical-Grade Locating Solutions™, Gen2IR™ and CenTrak® are trademarks of CenTrak Inc.

CONTACT:
Adam Peck
1-215-860-2928
apeck@centrak.com

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SOURCE CenTrak Inc.



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