Attributes 124 Percent Revenue Growth to Increased Demand for Open, Integrated Video Solutions and Transportation Analytics that Drive Fleet Efficiency
SAN DIEGO, Nov. 16, 2015 /PRNewswire/ -- SmartDrive, a leader in driving performance solutions that reduce collisions and improve fuel efficiency, today announced it ranked 469 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. SmartDrive grew 124 percent during this period.
SmartDrive's chief executive officer, Steve Mitgang, credits increased demand for open, integrated solutions and transportation analytics that inform fleet decision making with the company's 124 percent revenue growth.
"We are proud to be recognized for the second year in a row in the Deloitte Technology Fast 500. SmartDrive is seeing a significant shift in the market to open, integrated video solutions like ours that are able to leverage transportation 'big data' to drive efficiency gains in fuel, maintenance and safety," said Mitgang. "Our growth is fueled by our platform's unique ability to unify data across the vehicle, combining real-time driving data with advanced video and transportation analytics, making us a clear choice for innovative fleets."
"Amid a fierce business climate, there seems to be no shortage of new and established companies that are unlocking a seemingly unlimited potential for growth and advancement through technology's continued disruption and proliferation across industries," said Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. "It is inspiring to witness the innovative ways that companies are incorporating emerging technologies for business gains, be it cognitive computing, or the Internet of Things. We congratulate all those ranked on this year's Fast 500 and look forward to seeing their continued growth into 2016."
"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."
This is the second consecutive year SmartDrive has appeared on the Technology Fast 500.
About Deloitte's 2015 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 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.
About SmartDrive
SmartDrive Systems, the recipient of Frost & Sullivan's Customer Value Leadership Award for Video Safety Solutions, gives fleets and drivers unprecedented driving performance insight and analysis, helping save fuel, expenses and lives. Its video analysis, predictive analytics and personalized performance program help fleets improve driving skills, lower operating costs and deliver significant ROI. With an easy-to-use managed service, fleets and drivers can access and self-manage driving performance anytime, anywhere. The Company, which is ranked as one of the fastest growing companies by Deloitte's Technology Fast 500™, has compiled the world's largest storehouse of more than 80 million analyzed risky-driving events. SmartDrive Systems is based in San Diego, Calif., and employs 450 people worldwide.
For more information on SmartDrive Systems, please visit www.smartdrive.net.
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SOURCE SmartDrive Systems
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