TEOCO ranked among North America’s fastest growing companies in Deloitte’s 2014 Technology Fast 500™
TEOCO achieves 162% percent revenue growth to earn fifth consecutive appearance in annual list of top US companies
FAIRFAX, VA, USA – November 19 2014 — TEOCO the leading provider of assurance and analytics solutions to Communications Service Providers (CSPs) worldwide, today announced that for the fifth straight year, it has been ranked in the Deloitte Technology Fast 500™ as one of North America’s 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies. TEOCO grew 162 percent over the last year.
“Being once again named as one of the fastest growing technology companies in the USA in 2014 is a great honor, “ said TEOCO chief executive officer Atul Jain. “Our ranking this year is especially significant as it marks the fifth consecutive year in which TEOCO has been recognized by the Deloitte Technology Fast 500.”
“Some of the world’s biggest telecoms operators and vendors use TEOCO’s assurance, analytics and network optimization services and solutions,” continued Jain. “This achievement is testament both to the impressive results we achieve for our clients and the dedication and expertise of our staff around the world.”
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.