Spectacular Growth Fostered Through Innovation
READING, PA – October 24, 2011 – Fidelity Technologies announced it has been ranked No. 16 on Deloitte’s 2011 Greater Philadelphia Fast 50. Each year, Deloitte & Touche LLP provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in the Greater Philadelphia region. The 2011 Fast 50 award winners are selected based on percentage fiscal year revenue growth from 2006 to 2010. The average growth of the Fast 50 is 410%.
“Fidelity Technologies, like all 2011 Greater Philadelphia Fast 50 companies, have excelled in fostering innovation and channeling it into spectacular growth – against the backdrop of one of the most challenging economies in history,” said Tara L. Weiner, managing partner, Greater Philadelphia region, Deloitte LLP. “Deloitte recognizes Fidelity for its remarkable accomplishment.”
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 from 2006-2010. “As a company, we are extremely proud of our 2011 ranking, having moved from No. 32 in 2010. Fidelity shows that even during a tough economy, we are committed to reaching new levels of growth as we heighten our reputation in the defense industry.”
In addition to being one of Deloitte’s Fast 50 companies, Fidelity also ranked No. 394 on Deloitte’s 2011 Technology Fast 500 which acknowledges companies in North America based on fiscal year revenue growth from 2006 to 2010.
“Our achievements this past year have also been recognized by Inc. Magazine who named Fidelity as one of the 5000 fastest growing privately held companies in America and the Greater Reading Chamber of Commerce & Industry ranked Fidelity second among the top 50 businesses in the Greater Reading area,” noted David Gulati. “We are honored by the recognition.”