DENVER, Oct. 20 /PRNewswire/ -- NewsGator today announced that it ranked number 124 on the list of Technology Fast 500™, Deloitte's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences, and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth from 2005–2009.
NewsGator grew 873% percent during this period. JB Holston, NewsGator's President and CEO, credits the exploding interest in enterprise social computing as a primary driver of the company's growth. Holston said, "Our agile software team is at the forefront of a revolution in the world of work. Enterprises of all sizes are adopting social computing to break down silos, drive innovation, and do more faster. We've become a trusted partner to hundreds of leading organizations in government and commerce around the world as this change accelerates."
Overall, Technology Fast 500™ award winners for 2010 had revenue growth ranging from 146 percent to 164,079 percent from 2005 to 2009, with an average growth of 2,361 percent. For additional detail on the Technology Fast 500™ including selection and qualifying criteria, visit www.fast500.com.
"NewsGator and the other 2010 Technology Fast 500™ winners forged ahead in a challenging economic environment to realize exceptional growth," said Phil Asmundson, vice chairman and Deloitte's U.S. technology, media and telecommunications leader. "Deloitte commends NewsGator for this impressive accomplishment."
NewsGator makes SharePoint social. Our Enterprise 2.0 software, Social Sites and Tomoye, boosts any organization's performance with the power of social computing, innovation management, collaboration, and knowledge-sharing both inside the enterprise and out. Customers achieving results include Accenture, Biogen Idec, CME Federal Credit Union, Deloitte, Fujitsu, Novartis, the United States Air Force, and the United States Army. Get social at www.newsgator.com.
Note: As used in this document "Deloitte" means Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.