LOS ANGELES, Nov. 13, 2014 /PRNewswire/ -- Velocify, the market leader in cloud-based intelligent sales automation, today announced it ranked 271 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. This is the fourth year in a row that Velocify has been recognized by Deloitte for its fast growth. Velocify's President and Chief Executive Officer, Nick Hedges, attributes the company's momentum to continued innovation and a rapidly growing number of passionate clients leveraging Velocify for sales success.
"We are honored to be recognized as one of the fastest growing technology companies by the Deloitte Technology Fast 500," said Hedges. "We also want to thank our clients who motivate and inspire us every day. It is their passion that continues to invigorate our innovation."
Velocify enables sales organizations across industries to effectively manage sales prospects from initial inquiry to close, through systematic follow-up that is guided by proven-to-convert practices. The company is primed for future growth as many sales organizations continue to shift from traditional field sales to inside sales teams to drive revenue and meet quota.
"The companies ranked on the 2014 Deloitte Technology Fast 500 continue to set the bar higher for their industry 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 Velocify and look forward to seeing them continue their momentum into 2015."
Overall, 2014 Technology Fast 500™ companies achieved revenue growth ranging from 135 percent to 123,678 percent from 2009 to 2013, with an average growth of 1,640 percent.
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.
Velocify is a market-leading provider of cloud-based intelligent sales software, designed for high-velocity sales environments. Velocify helps sales teams keep pace with the speed of opportunity and increase revenue by driving rapid lead response, increased selling discipline, improved productivity, and actionable selling insights. The company has helped more than 1,500 companies across a variety of industries improve customer acquisition practices and sales performance. Velocify is recognized as one of the fastest growing companies in North America by Deloitte and a Best Place to Work by the Los Angeles Business Journal.