ATLANTA, Dec. 11, 2017 /PRNewswire/ -- Wahoo Fitness, the leader in connected fitness devices, today announced it has premiered on the Deloitte Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and energy tech companies in North America. Wahoo is only one of two fitness technology device companies to be named to the list.
Chip Hawkins, Wahoo's founder and CEO, credits the strong growth to delivering products to the market that continually resonate with fitness-conscious consumers.
"As a company, we are driven to innovate on fitness technology and leverage workout data so athletes can consistently improve the way they train and perform," said Hawkins. "We have a passion for cycling and fitness, and being recognized on the Fast 500 Company list for the first time is a tribute to the fact that following your passion can fuel strong business results. We're also honored to be one of only two fitness device technology companies on the list."
"The Deloitte 2017 North America Technology Fast 500 winners underscore the impact of technological innovation and world-class customer service in driving growth, in a fiercely competitive environment," said Sandra Shirai, vice chairman, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. "These companies are on the cutting edge and are transforming the way we do business. We extend our sincere congratulations to all the winners for achieving remarkable growth while delivering new services and experiences for their customers."
"Emerging growth companies are powering innovation in the broader economy. The growth rates delivered by the companies on this year's North America Technology Fast 500 ranking are a bright spot for the capital markets and a strong indicator that the emerging growth technology sector will continue to deliver a strong return on investment," said Heather Gates, national managing director of Deloitte & Touche LLP's emerging growth company practice. "Deloitte is dedicated to supporting the best and brightest companies of the future in the emerging growth company sector. We are proud to acknowledge the significant accomplishments of this year's Fast 500 winners."
Overall, 2017 Technology Fast 500™ companies achieved revenue growth ranging from 137 percent to 59,093 percent from 2013 to 2016, with median growth of 378 percent.
About Deloitte's 2017 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 2013 to 2016.
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.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a U.K. private company limited by guarantee ("DTTL"), its network of member firms and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as "Deloitte Global") does not provide services to clients. In the United States, Deloitte refers to one or more of the U.S. member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
About Wahoo Fitness
Located in Atlanta, Georgia, Wahoo Fitness has a full ecosystem of sensors and devices for the runner, cyclist or general fitness enthusiast. Wahoo Fitness' award-winning line of Bluetooth Smart products includes the KICKR and KICKR SNAP indoor bike trainers, the ELEMNT, ELEMNT BOLT and ELEMNT MINI smart bike computers, the world's first smartphone-connected bike computers, and the TICKR family of chest-based wearables. The TICKR family, composed of the TICKR, TICKR Run and TICKR X, combine heart rate training with advanced motion analytics. Learn more about Wahoo's full line of products at www.wahoofitness.com.
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SOURCE Wahoo Fitness