HERNDON, Va., Nov. 13, 2015 /PRNewswire/ -- nexVortex today announced it ranked 299th 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. nexVortex grew 226.1 percent during this period.
Fred Fromm, nexVortex CEO, credits the company's uncommon service and channel strategy for its 226,1% revenue growth. "Our commitment to customers and partners has really separated us in the marketplace," he said. "We look forward to building on this success with a renewed focus on product development, with our hosted PBX and managed SIP solutions being key contributors for 2016 and beyond."
"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."
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.
nexVortex is a leader in IP communications for businesses, specializing in SIP Trunking, multi-site applications, hosted contact centers and customized solutions for unique applications. As a five-time honoree of Inc. 5000's America's Fastest Growing Private Companies (2011-2015) and a three-time recipient of Deloitte's Technology Fast 500 (2012, 2013, 2015), nexVortex has established itself in the marketplace based on three overaching tenets: Uncommon Service, Uncommon Know-How, and Uncommon Commitment. These principles drive nexVortex's mission to provide its customers with the IP knowledge, services, and capabilities they need to improve their business communications easily and affordably. For more information, visit nexvortex.com.