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Attributes 225 percent revenue growth to execution on company's mission
VANCOUVER, CANADA, Nov. 9, 2017 – Tuangru today announced it ranked 360th on Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Tuangru grew 225 percent during this period.
Tuangru's chief executive officer, Jad Jebara, credits the staff and their execution on the company's mission to make critical infrastructure think with their 225% revenue growth. "Over the course of the past 12 months, we have assembled a very talented team that is passionate about solving problems in managing data centers through automation and artificial intelligence," said Mr. Jebara. "Today's CIO is pressured to reduce energy consumption, increase utilization, manage complex hybrid IT environments, migrate to the cloud, and justify these decisions with compelling data. We help them do that through our powerful, easy-to-use management software."
"The Deloitte 2017 North America Technology Fast 500 winners underscore the impact of technological innovation and world class customer service in driving growth, in a fiercely competitive environment," said Sandra Shirai, vice chairman, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. "These companies are on the cutting edge and are transforming the way we do business. We extend our sincere congratulations to all the winners for achieving remarkable growth while delivering new services and experiences for their customers."
"Emerging growth companies are powering innovation in the broader economy. The growth rates delivered by the companies on this year's North America Technology Fast 500 ranking are a bright spot for the capital markets and a strong indicator that the emerging growth technology sector will continue to deliver a strong return on investment," said Heather Gates, national managing director of Deloitte & Touche LLP's emerging growth company practice. "Deloitte is dedicated to supporting the best and brightest companies of the future in the emerging growth company sector. We are proud to acknowledge the significant accomplishments of this year's Fast 500 winners."
Overall, 2017 Technology Fast 500™ companies achieved revenue growth ranging from 137 percent to 59,093 percent from 2013 to 2016, with median growth of 378 percent.
Deloitte's Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2013 to 2016.
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, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as "Deloitte Global") does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
Tuangru is a next-generation data center infrastructure management (DCIM) software provider with tools that are as meaningful to the C-suite as they are to operators. Users get actionable intelligence that allows them to reduce IT cost, manage workloads and mitigate outages. Tuangru was named Deloitte's Technology Fast50 Companies-to-Watch in 2016. For more information, please visit www.tuangru.com.
Rajan Sodhi, CMO, Tuangru
Phone: 1-866-612-3637 ext. 105
Return to: 2017 News Releases