SEATTLE, Nov. 13, 2015 /PRNewswire-USNewswire/ -- Panopto, a leading enterprise video platform provider, today announced that it had been named to Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Rankings are based on percentage revenue growth from 2011 to 2014, during which Panopto grew 212 percent.
"At Panopto, we believe that anyone should be able to share their knowledge using video as easily as they do using documents or email," said Eric Burns, co-founder and CEO of Panopto. "We're building the software that enables this future for businesses and universities around the world. Being ranked for the second year in a row on the Deloitte 500 is evidence of the growing demand for our unique, easy-to-use video software."
"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."
"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.
Panopto's mission is to help anyone share knowledge using video. Since 2007, the company has created software that enables businesses and universities to create secure, searchable video libraries. Privately-held, Panopto was founded by technology entrepreneurs and software design veterans at Carnegie Mellon University's School of Computer Science. For more information, visit http://www.panopto.com.