NEW YORK, Nov. 16, 2016 /PRNewswire/ -- VertaMedia today announced it ranked 180 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. VertaMedia grew 479 percent during this period.
VertaMedia's CEO and Co-Founder, Alex Bornyakov, says, "The recognition is a result of a day-to-day persistent work of the VertaMedia's dedicated team. Applying the best of ourselves we drive opportunities to all our partners and clients and this achievement is a success indicator of dozens of ad tech teams we work with."
"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."
Overall, 2016 Technology Fast 500™ companies achieved revenue growth ranging from 121 percent to 66,661 percent from 2012 to 2015, with median growth of 290 percent.
"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."
About Deloitte's 2016 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 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.
As used in this document, "Deloitte" means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.
VertaMedia (https://vertamedia.com/) is a video supply-side platform designed to facilitate the balance between video ad buyers and sellers by supplying them with extensive technology and dedicated services. The SSP technology offers publishers an out-of-the-box white-label solution for efficient inventory management, access to a marketplace with 100+ demand-side partners for profitable ad serving, and the one-of-a-kind VertaMedia Intelli algorithm, which ensures publishers effective yield optimization by utilizing dynamic waterfalls logic. In seven years in the market, the company has grown to become one of the most trusted partners for thousands of online publishers. VertaMedia is headquartered in New York, with offices worldwide.
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SOURCE VertaMedia LLC