Reval Ranked the 24th Fastest Growing Company on Deloitte’s 2011 Technology Fast 500™ for New York’s Tri-State Region
Attributes 327 Percent Revenue Growth to Heightened Focus on Risk Mitigation
Reval today announced it ranked 24 in New York’s Tri-State ranking of Deloitte’s Technology Fast 500™ and 267 on the total 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Reval grew 327 percent over the five year period from 2006 to 2010, and has ranked five times on the prestigious technology award program.
Reval’s chief executive officer and co-founder Jiro Okochi, credits the company’s 327 percent revenue growth to an increased focus on risk mitigation by companies globally, Reval’s unmatched subject matter expertise, and leverage of its Software as a Service (SaaS) platform. “In this market environment, companies need to feel confident that they are with the solution provider that can offer the best service for solid, robust functionality and industry know-how,” Okochi says. “Reval’s continued investment in its product and global services teams has made Reval the consistent choice for all treasury organizations."
Reval launched its broader offering this month, which integrates complex risk with deep cash and liquidity functionality for a unique enterprise treasury and risk management solution. “We look forward to continued growth based on the market’s strong appetite for a single SaaS solution for enterprise treasury and risk that at long last answers the call of CFOs and their treasurers, globally,” Okochi says.
“Reval, like all 2011 Technology Fast 500™ companies, have excelled in fostering innovation and channeling it into spectacular growth -- against the backdrop of one of the most a challenging economies in history,” said Eric Openshaw, vice chairman and U.S. technology, media and telecommunications leader, Deloitte LLP. "Deloitte recognizes Reval for its remarkable accomplishment.”
“We are pleased to honor Reval as a 2011 Technology Fast 500 company,” said Mark Jensen, managing partner, technology and venture capital services, Deloitte & Touche LLP. “As one of the fastest growing tech companies in North America, Reval has demonstrated excellence in technological innovation, entrepreneurship and rapid growth.”