SAVO Ranks Among Deloitte's 2013 Technology Fast 500™ List of Fastest Growing Companies in North America
157 Percent Revenue Growth a Result of New SaaS Application Suite and Strategic Partnerships
CHICAGO, Nov. 13, 2013 /PRNewswire/ -- SAVO Group, the market leader in sales enablement, today announced it has been ranked among Deloitte's Technology Fast 500™, a listing of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. SAVO grew by 157 percent from 2008 to 2012, crediting the launch of its new Software-as-a-Service (SaaS) sales enablement application suite and recent strategic partnerships for much of this success.
"Re-architecting our sales enablement solutions to provide organizations with cloud-based applications that can operate independently or with one another has transformed what is possible in the sales enablement space," said SAVO's Chief Executive Officer Mark O'Connell. "We've invested heavily in the development of these new apps to ensure they are reliable, scalable, secure and easy-to-use. Being recognized for our solution suite's ability to enable organizations to meet revenue initiatives is further affirmation that the work we are doing for our customers is paying off."
In addition to altering its delivery model to better meet the needs of today's marketers and sales reps, SAVO also forged significant partnership agreements with industry leaders such as Force Management, Microsoft, Miller Heiman, Oracle, Richardson and SAP to increase the company's complementary offerings to sales processes, messaging and CRM tools.
"The 2013 Deloitte Technology Fast 500 companies are exemplary cases of those spurring growth in a tough market through innovation," said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications leader. "This year's list is a who's who of companies behind the most exciting and innovative products and services in the technology space. We congratulate the Fast 500 companies and look forward to what they do next."
"The fastest growing companies in the U.S. are drivers of constant innovation and operate with the agility to stay ahead of a quickly evolving marketplace, and software, biotech/pharma and internet companies continue to be at the forefront," added James Atwell, national managing partner of the Emerging Growth Company practice, Deloitte Services LP. "The companies excelling in these sectors have a startup mentality that allows them to be nimble and adapt quickly, which is why they consistently lead the list of fast-growing companies each year."
Working to enable organizations to win more deals and sell smarter, SAVO continues to update and build out its sales enablement application suite based off demonstrated and anticipated industry needs, including the recent launch of CRM Opportunity Pro, now available on the AppExchange. In addition, the company has expanded its partner network with the preeminent sales and marketing messaging company, Corporate Visions, and RFP and proposal visionary B.J. Lownie.
Overall, 2013 Technology Fast 500™ companies achieved revenue growth ranging from 137 to 208,897 percent from 2008 to 2012, with an average growth of 2,600 percent.
About Deloitte's 2013 Technology Fast 500™
Technology Fast 500, conducted by Deloitte 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 2008 to 2012.
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.
Founded in 1999, SAVO is the leading provider of sales enablement solutions. SAVO's on-demand sales enablement platform maximizes the sales team's ability to communicate value and differentiation in clear, consistent and compelling ways. Combining proven sales and marketing best practices with award-winning technology, SAVO addresses all aspects of the sales enablement challenge — spanning people, process, insight and technology. For more information, visit www.savogroup.com or follow us on LinkedIn, Twitter or Facebook.
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