NEW YORK, Nov. 13, 2014 /PRNewswire/ -- Snap Interactive, Inc. ("SNAP" or the "Company") ( OTCQB: STVI), a leading online dating provider and owner of AYI.com, today announced it ranked 301st on Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. The Company ranked 49th overall in the Internet category. SNAP was nominated to the list based on its 298% revenue growth, from approximately $3.17 million in 2009 to approximately $12.61 million in 2013.
"We are honored to be recognized for the third consecutive year by Deloitte, particularly in the New York Metro area which is rapidly improving its reputation as a home for technology innovators and entrepreneurs," said Clifford Lerner, SNAP's chief executive officer. "This award is a testament to our ability to rapidly execute, innovate and iterate on our product vision while creating a superior experience for our users."
SNAP's Chief Operating Officer, Alexander Harrington, commented, "This track record of exceptional growth can be attributed to our technological innovation and dedicated team – both of which have helped strengthen customer loyalty and our business. We are incredibly proud of what we have accomplished and remain even more enthusiastic about our future."
"The companies ranked on the 2014 Deloitte Technology Fast 500 continue to set the bar for their industry higher each year," said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications leader. "There are so many exciting products and smart thought leaders driving this list. We congratulate the Fast 500 companies and look forward to seeing them continue their momentum into 2015."
"For 20 years, the Deloitte Fast 500 rankings have honored the innovation that is part of these companies' DNA," added Jim Atwell, national managing partner of the emerging growth company practice, Deloitte & Touche LLP. "We're glad to be serving these high-growth companies, and helping the technology sector recognize the great strides and transformation these companies are making in their respective areas."
SNAP previously ranked 194th as a 2013 Technology Fast 500™ award winner.
About Deloitte's 2014 Technology Fast 500™
Technology Fast 500, conducted by Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2009 to 2013.
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 five years and be headquartered within North America.
About SNAP Interactive
About Snap Interactive, Inc.
Snap Interactive, Inc. develops, owns and operates dating applications for social networking websites and mobile platforms. SNAP's flagship brand, AYI.com is one of the largest online and mobile dating applications on the Internet and offers a completely integrated Facebook, iPhone, Android and Web dating application. The Grade is a mobile dating application catering to high quality singles.
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Facebook® is a registered trademark of Facebook, Inc. iPhone® is a registered trademark of Apple Inc. Android® is a registered trademark of Google Inc. AYI.com® is a registered trademark of Snap Interactive, Inc.
SOURCE Snap Interactive, Inc.