As One of Only 22 Washington State-Based Companies Honored, the Virtual World Creator Demonstrates Rapid Growth Over Three Consecutive Years Based on Notable Success in the Competitive Social Casino Market
SEATTLE, Nov. 19, 2015 /PRNewswire/ -- FlowPlay, a leader in virtual world games and technology, today announced it has been named to Deloitte's 2015 Technology Fast 500TM, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Boasting more than 200 percent revenue growth over a three-year period, FlowPlay is the only Washington state-based video game company named to the list – ranking 12th out of just 22 companies from the state and 315th nationally. With more than 330 video game companies located in Washington (according to the Washington Interactive Network), the honor demonstrates FlowPlay's leadership in the local games community and industry more broadly, where recent successes in the social casino market have helped fuel the company's rapid growth.
Since launching the company's flagship consumer social casino product, Vegas World, in 2012, FlowPlay has expanded its suite of offerings to include several B2B and white-label solutions to help businesses quickly and easily enter the social casino industry. As an extension of its well-established social casino business unit, FlowPlay also recently entered the social sports wagering market with the launch of 5 Card Draft, a fantasy football-based online card game. Leveraging the company's expertise in building multiplayer, free-to-play casino experiences, FlowPlay is poised to continue its current growth trajectory through several social sports offerings planned to launch in the coming year.
"The last three years have been unprecedented for us in terms of employee, product, and customer growth," said Derrick Morton, CEO of FlowPlay. "Recognition on this list alongside some of the most renowned businesses in tech today is testament to our corporate and product strategy. Building upon our established success in the competitive social casino market, we have a clear path ahead to drive further growth and tap into burgeoning markets, including social sports wagering."
Since 1997, the Deloitte Technology Fast 500TM has recognized exemplary companies ranging from large to small, both public and private, across all areas of the technology industry. In addition to notable year-over-year growth metrics, companies are chosen based on their cutting-edge solutions and how they are transforming the way businesses are run today.
"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."
To view the entire Deloitte Technology Fast 500TM list, visit: http://www2.deloitte.com/content/dam/Deloitte/us/Documents/technology-media-telecommunications/Technology-Fast-500-Winners-Brochure.PDF
For more information on FlowPlay's white-label solutions and B2B product offerings, please contact [email protected].
About FlowPlay
FlowPlay, a developer of virtual environment and game technologies, make immersive worlds and massive multiplayer games possible with no software required beyond a basic browser. FlowPlay's first consumer product, ourWorld, is played by over 35 million players and is one of the most popular teen virtual worlds. Vegas World, FlowPlay's flagship social casino MMORPG, achieves industry-leading player monetization rates. In November 2013, FlowPlay introduced its social casino white-label platform, allowing businesses from any industry to quickly and easily bring their own uniquely branded social casino games to market. FlowPlay was founded in 2006 and is primarily funded by Intel Capital and the creators of Skype. For more information on FlowPlay, contact [email protected].
About Deloitte's 2015 Technology Fast 500TM
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.
PR Contact
Michelle Isacson
Barokas PR for FlowPlay
[email protected]
(206) 264-8220
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