BURLINGTON, Mass., Nov. 16, 2016 /PRNewswire/ -- Qstream, makers of mobile software for igniting high-performance enterprise sales teams through science and data, today announced it has ranked among the top 100 of Deloitte's Technology Fast 500™, a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. For five consecutive years, Qstream has doubled revenues as market leaders such as LinkedIn, Pfizer, Boston Scientific and MasterCard use the company's SaaS platform to improve sales team effectiveness at scale.
"Qstream's growth trajectory reflects our deep understanding of the challenges facing large sales organizations as they strive to keep pace with the dynamic global markets they operate in," said Duncan Lennox, CEO and co-founder of Qstream. "Our solution applies science, data and mobile technologies to do what no other solution has been able to achieve, which is help sales leaders manage critical sales capabilities and create measurable revenue impact through more intelligent and effective client conversations, coaching conversations and business decision making."
Qstream customer results include 35% average proficiency gains, 20% higher quota attainment, 3% improvement in gross margin, and 12% increase in market share.
"Today, when every organization can be a tech company, the most effective businesses not only foster the courage to explore change, but also encourage creativity in using and applying existing assets in new ways, as resourcefully as possible," said Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications industry leader. "This ingenious approach to innovation calls for the encouragement of curiosity and collaboration both within and outside the office walls."
Companies named to the 2016 Technology Fast 500™ achieved median annual revenue growth of 290% between 2012 to 2015.
"This year's Fast 500 winners showcase that when organizations are open to diverse perspectives and insights, they are able to create an environment for their employees and customers to see the possibilities and ingenious solutions that might lie ahead," added Jim Atwell, national managing partner of the emerging growth company practice, Deloitte & Touche LLP. "Entrepreneurial environments foster change and innovation within businesses, and we look forward to watching these companies continue to drive change across all sectors."
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 2012 to 2015.
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, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
About Qstream Qstream's sales acceleration platform is used by leading brands in technology, financial services and life sciences, including 14 of the world's top 15 pharmaceutical companies, to manage the effectiveness and performance of their sales people at the speed of change. Qstream's scientific approach has been validated in more than 20 randomized control trials to boost performance and durably change behaviors in just minutes a day using any mobile device. To learn more, visit Qstream.com, follow us @Qstream or like us at facebook.com/Qstream.
Media Contact: Nidhi Mathson Qstream Media Relations [email protected] +1 781-214-4364