Overall, 2011 Technology Fast 500â¢ companies achieved revenue growth ranging from 134 percent to 70,211 percent from 2006 to 2010. Clearwater charted 583% growth during the same period.
Founded in 2004, Clearwater has experienced explosive growth and currently reports on over $650 billion in assets. âThe last twelve months have seen significant advances at Clearwater. As a result we are well positioned to increase our market share in investment accounting, reporting and analytics among institutional investors. Being included in the Fast 500 demonstrates that weâve created technology that solves unique problems for investors. As Clearwater rolls out new developments in 2012, we anticipate seeing ourselves among the elite tech companies well into the future,â said Courty Gates, CEO of Clearwater Analytics. âWeâre honored to be among the fastest growing technology companies in North America and greatly appreciate Deloitte including us on this list.â
About Deloitteâs 2011 Technology Fast 500â¢
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 â both public and private â 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 in North America.