READING, PA – November 21, 2012 – Fidelity Technologies announced it ranked No. 371 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. “The companies on the Fast 500 list are among those that have demonstrated remarkable innovation, creativity and business savvy,” said Bill Ribaudo partner, Deloitte & Touche LLP and national TMT leader for audit and enterprise risk services (AERS). Award winners are selected based on percentage fiscal year revenue growth from 2007 to 2011.
David Gulati, President of Fidelity, credits the drive and determination of a strong team to provide customers with superior products and services with the company’s 199% of revenue growth during 2007-2011. “As a company, we are extremely proud of our 2012 ranking, having moved from No. 394 in 2011. Fidelity shows that even during a challenging economic environment, we are committed to reaching new levels of growth as we intensify our reputation in the defense industry.”
Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications (TMT) leader commented, “We are proud to honor the 2012 Technology Fast 500™companies and commend them for their outstanding growth. These ground-breaking companies have outpaced their competition and are reinventing the way we do business today.”
“Our achievements this past year also include being named one of the 5000 fastest growing privately held companies in America by Inc. Magazine,” noted David Gulati. “We are honored by the recognition we’ve received for our team’s accomplishments.”
About Deloitte’s 2012 Technology Fast 500™Technology Fast 500, conducted by Deloitte & Touche 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 2007 to 2011.
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.