23 Nov, 2020, 16:18 ET
BOSTON, Nov. 23, 2020 /PRNewswire/ -- LogicManager today announced it ranked 375 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 now in its 26th year. LogicManager grew 258% during this period.
LogicManager's Chief Executive Officer, Steven Minsky, credits their unique approach to risk management which is built on taxonomy technology as well as their ability to execute on behalf of their clients as a core driver of their growth. "Risk Management has never been more critical than it is today," Minsky said. "We live in a See-Through Economy, where every misstep is amplified and exposed. In a similar vein, when companies do good and exercise prudent Risk Management, they are rewarded. Fire is a wonderful thing; it can heat your house but it can also burn it down. Risk Management allows for controls that ensure protections are in place and businesses are prepared to navigate both the present and the future, however it plays out. We are honored and proud to be recognized on Deloitte's Technology Fast™ 500 again this year, and our hope is to continue to grow and be able to help more companies find success through ERM — especially during these particularly challenging times."
"For more than 25 years, we've been honoring companies that define the cutting edge and this year's Technology Fast 500 list is proof positive that technology — from software and digital media platforms, to biotech — truly does permeate so many facets of our lives," said Paul Silverglate, vice chairman, Deloitte LLP and U.S. technology sector leader. "We congratulate this year's winners, especially during a time when innovation is needed more than ever to address the monumental challenges posed by the pandemic."
"Each year the Technology Fast 500 listing validates how important technology innovation is to our daily lives. It was interesting to see this year that while software companies continued to dominate, biotech companies rose to the top of the winners list for the first time, demonstrating that new categories of innovation are accelerating in the pursuit of making life easier, safer and more productive," said Mohana Dissanayake, partner, Deloitte & Touche LLP, and industry leader for technology, media and telecommunications, within Deloitte's audit and assurance practice. "We extend sincere congratulations to these well-deserved winners — who all embody a spirit of curiosity, and a never-ending commitment to making technology advancements possible."
LogicManager was previously ranked as a Technology Fast 500™ award winner for 2019.
About Deloitte's 2020 Technology Fast 500™
Now in its 26th year, 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 2016 to 2019.
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 $US50,000, and current-year operating revenues of at least $US5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
LogicManager believes performance is a result of effective Risk Management. LogicManager's market-leading ERM software solutions empower organizations to uphold their reputation, anticipate what's ahead and improve business performance through strong governance. The company is committed to helping businesses of all sizes across all industries proactively manage their risks to meet the expectations of their customers, employees, shareholders and communities at large.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as "Deloitte Global") does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
PR Contact: Meaghan Paff, LogicManager, 617-530-1210 | [email protected]
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