Deloitte Announces 2022 North American Technology Fast 500 Rankings

The software and services industry category continued to dominate the list, but the growing life sciences category performed impressively at 28^day Annual ranking of the fastest growing companies

San Francisco, November 16, 2022 /PRNewswire/ — Deloitte today released the “North America Technology Fast 500,” an annual ranking of North America’s fastest-growing companies in the technology, media, telecommunications, life sciences, fintech and energy tech sectors, currently ranked 28 bit^day year.

Technology Fast 500 winners are selected based on percentage revenue growth for the fiscal years 2018-2021. Overall, the 2022 Technology Fast 500 companies achieved revenue growth of between 241% and 125,138% over three years, with a median growth rate of 611%.

“As the past year has shown us, innovation in important areas such as the life sciences is critical to addressing infectious disease and other global health problems,” he said. Paul Silvergrat, Vice Chairman, Deloitte LLP and a leader in the US technology industry. “Additionally, technology must keep pace with changing consumer and business needs to solve new societal challenges faster, safer, and more effectively. Each year, I am in awe of the immense talent revealed by the Technology Fast 500 rankings, It is a testament to the recipients’ relentless pursuit of creativity and their ability to solve real-world problems for the benefit of all of us.”

The Technology Fast 500’s top 10 includes:

Bay Area tops regional representation list
Deloitte Technology Fast 500 recipients represent more than 38 states and provinces North America. california The Bay Area does well on this year’s list, leading the region with 20 percent of the Fastest Growth Tech 500 winners, 64 percent of which come from the software and services category. The tri-state region accounted for 12% of award-winning companies; New England 6%, with 62% of the region’s winners representing new life science categories; Greater Washington, D.C., washington stateand Texas Each accounted for 5% of the award-winning enterprises.

Below is a summary of the rankings for regions with a high concentration of winners in 2022:

Software and services dominate for 27th year in a row
Software and services companies once again topped this year’s Technology Fast 500 list, accounting for the majority of winners (61%) for the 27th year in a row. Among the software and services companies on the list, digital platforms represent the majority of winners (49%), followed by enterprise infrastructure and productivity at 30%. Security (13%), consumer software (6%) and education (2%, and a new sub-industry category this year), include the remaining sub-sectors in software and services. Life sciences and fintech round out the top three with 19% and 9% of total winners respectively.

Venture capital backing remains the winning formula in the 2022 Tech Fast 500 rankings, with 84% of public companies backed by venture capital or private equity financing at some point in their company history, up from 81% last year %.

Top 500 Fastest Growth Technologies (by industry):

“This year’s Technology Fast 500 list is a true reflection of some of today’s most determined and inspiring pioneers, who have succeeded by anticipating what’s next, understanding what it takes to succeed and driving creativity forward,” said christy simmons, Partner, Deloitte & Touche LLP and the technology, media and telecommunications industry leader in Deloitte’s audit and assurance practice. “Representing all facets of technology, the winners have shown that they not only have a vision, but also can skillfully manage their companies through rapid growth. We congratulate each winner on their impressive accomplishments.”

For more details on the Technology Fast 500, including a full list and eligibility criteria, visit www.fast500.com. Connect with us on Twitter: @ Deloitte TMT; #Fast500 or on LinkedIn: @PaulSilverglate;@ChristieSimons.

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Source Deloitte