Attributes 169% percent revenue growth to the delivery of customer-driven innovation and a focus on highly-responsive service and support
Piscataway, NJ – November 9, 2017 – Opengear (www.opengear.com), a leading provider of solutions that deliver secure, resilient network access and automation to critical IT infrastructure, today announced its placement as 445th on Deloitte’s Technology Fast 500™, a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Opengear grew 169 percent during this period.
Opengear’s CEO, Gary Marks, credits the revenue growth with the organization’s customer-focused innovation and ability to respond quickly to constantly changing market trends. “Allowing enterprises to remotely and securely access their distributed IT infrastructure at any time is absolutely critical to business continuity. As the growth of IoT increasingly moves data processing closer to the network edge, Opengear solutions allow companies to start up and automate new equipment quickly and cost effectively – not just in data centers, but at any compute location. Incorporating leading-edge technologies, such as embedded cellular, open APIs and NetOps workflows, enables Opengear’s customers to maximize their network availability. Our significant investments in R&D, along with strong partnerships in the sales channel, will ensure we continue to grow at a market-leading pace.”
“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.”
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 in North America.
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