ALEXANDRIA, Va., Nov. 15, 2018 /PRNewswire/ -- Research Innovations, Inc. today announced it ranked 309 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. Research Innovations, Inc. grew 263% percent during this period.
RII's chief executive officer, Jack Harrington, credits our track record for delivering successful solutions to customers' most critical challenges and our strength in critical technologies such as Command & Control, Big Data Analytics, AI and Machine Learning, and Cyber with the company's 263% revenue growth. He said, "The expertise, passion, and mission focus that our employees bring to RII is invaluable and a key reason why our team is so successful."
"Congratulations to the Deloitte 2018 Technology Fast 500 winners on this impressive achievement," said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. "These companies are innovators who have converted their disruptive ideas into products, services and experiences that can captivate new customers and drive remarkable growth."
"Software, which accounts for nearly two of every three companies on the list, continues to produce some of the most exciting technologies of the 21st century, including innovations in artificial intelligence, predictive analytics and robotics," said Mohana Dissanayake, partner, Deloitte & Touche LLP, and Industry Leader for technology, media and telecommunications, within Deloitte's audit and assurance practice. "This year's ranking demonstrates what is likely a national phenomenon, where many companies from all parts of America are transforming the way we do business by combining breakthrough research and development, entrepreneurship and rapid growth."
About Deloitte's 2018 Technology Fast 500™
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 2014 to 2017.
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 Research Innovations, Inc. RII and its founders have a long tradition of being trusted advisors to the US Department of Defense and coalition partners. Through its work with the Defense Advanced Research Projects Agency (DARPA), the Department of Defense and the Department of the Army, RII has developed a reputation for rapidly delivering transformative technology to the warfighter. Visit www.researchinnovations.com for more information.
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