TEOCO Ranked Number 485 Fastest Growing Company in North America on Deloitte’s 2010 Technology Fast 500™
Attributes its 154% Percent Revenue Growth to Hard Work and Dedication.
Fairfax, VA, October 20th — TEOCO today announced that it ranked number 485 on Technology Fast 500™, Deloitte’s ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2005–2009. TEOCO grew 154 percent during this period.
TEOCO’s chief executive officer, Atul Jain, credits demonstrable ROI and the commitment of TEOCO’s employee-owners to excellence with the company’s 154% revenue growth. Atul said, “Success at any time requires dedication and hard work. Success in the challenging economic environment we find ourselves in now requires extraordinary talent, value and relevancy. Our employee-owners have consistently delivered all three thus ensuring not only success for our clients, but success for TEOCO. Acknowledgment from Deloitte of this fact is truly an honor, and we look forward to building on our current success.”
TEOCO and the other 2010 Technology Fast 500™ winners forged ahead in a challenging economic environment to realize exceptional growth,‖ said Phil Asmundson, vice chairman and Deloitte’s U.S. technology, media and telecommunications leader. “Deloitte commends TEOCO for this impressive accomplishment.
TEOCO has proved itself to be one of the fastest growing tech companies in North America, and we are proud to honor them as one of the 2010 Technology Fast 500™,‖ said Mark Jensen, managing partner, venture capital services, Deloitte & Touche LLP. Overall, Technology Fast 500™ award winners for 2010 had revenue growth ranging from 146 percent to 164,079 percent from 2005 to 2009, with an average growth of 2,361 percent.
For additional detail on the Technology Fast 500™ including selection and qualifying criteria, visit www.fast500.com