El Segundo, CA (PRWEB) October 22, 2010
NEOGOV, the market and technology leader in on-demand human capital management for the public sector, today announced that it ranked number 187th on the Technology Fast 500™, Deloitte LLP’s ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the five year period from 2005 to 2009. NEOGOV revenue grew more than 533 percent during this period.
NEOGOV CEO Damir Davidovic credits the Company’s amazing growth to its uncompromising commitments to customer-driven product innovation and continuous focus on customer success.
“NEOGOV’s ranking as the 187th fastest growing company in North America on Deloitte’s Technology Fast 500 is wonderful recognition. Our success and growing market leadership are the result of our customer-centric approach and focus on the public sector,” said Davidovic. “This achievement also speaks to the inherent value of the software-as-a-service model and our ability to execute our vision while providing strong ROI to our customers.”
Technology Fast 500™ Selection and Qualifying Criteria
Technology Fast 500™ provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. This ranking is compiled from nominations submitted directly to the Technology Fast 500™ website, and public company database research conducted by Deloitte. Technology Fast 500™ award winners for 2010 are selected based on percentage fiscal year revenue growth during the five year period from 2005 to 2009.
Deloitte’s 2010 Technology Fast 500TM Media Guidance
In order to be eligible for Technology Fast 500™ recognition, companies must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues. Using other companies' technology or intellectual property in a unique way does not satisfy this requirement. Consulting companies, professional service firms, etc. are not eligible unless they have proprietary technology that contributes to a significant portion of their operating revenues.
Technology Fast 500™ award eligibility requirements also include 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. These revenues must have more than doubled between 2005 and 2009. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
NEOGOV is the market and technology leader in on-demand human capital management applications for the public sector. NEOGOV's suite of Software-as-a-Service (SaaS) HR applications allows government agencies to automate the entire hiring and workforce management lifecycle, from recruiting and testing through on-boarding and performance management. Customers can also take advantage of NEOGOV's top-notch customer service, training, and best practice offerings. NEOGOV customers are counted among the most prominent and progressive public sector agencies, including 14 state governments and 35 of the top 100 cities and counties. To date, more than 600 agencies, states, cities and counties, colleges and universities, k-12 school districts, airports, courts, public safety, and transportation authorities, across the United States have adopted NEOGOV’s secure, scalable on-demand infrastructure. For more information, please visit http://www.neogov.com.
As used in this document, “Deloitte” means Deloitte LLP. Please see http://www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.