TEOCO Ranked 349th on Deloitte’s 2011 Technology Fast 500
Attributes 233% Percent Revenue Growth to Dedicated Employees and Products Focused on Reducing Costs
Fairfax, VA. , October 20th — TEOCO today announced it ranked 349th on Technology Fast 500™, ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. TEOCO, the leading provider of Assurance and Analytics solutions to communications service providers worldwide, grew 233 percent during this period.
TEOCO’s chief executive officer, Atul Jain, credits its dedicated employees and growing suite of offerings with the company’s 233% revenue growth. Atul said, “TEOCO’s objective is to save money for our service provider clients and help them run a more efficient business. That never goes out of style. 2011 was an exciting year for TEOCO. This summer was the one year anniversary of our acquisition of TTI and our entrance into the service assurance market. In addition, we introduced a new suite of customer analytics solutions that greatly complement our cost and revenue focused products and services. We’re looking forward to continued growth and success for 2012.” TEOCO previously ranked 485th as a Technology Fast500™ award winner for 2010. Overall, 2011 Technology Fast 500™ companies achieved revenue growth ranging from 134 percent to 70,211 percent from 2006 to 2010, with an average growth of 1,736 percent.
About Deloitte’s 2011 Technology Fast 500™
Technology Fast 500, which was conducted by Deloitte & Touche LLP, a subsidiary of 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 2006 to 2010. 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.