As one of the fastest growing tech companies in North America, Motionsoft has demonstrated excellence in technological innovation, entrepreneurship and rapid growth.”
Rockville, MD (PRWEB) October 20, 2011
Motionsoft, a provider of Member relationship management software and financial services to the health and fitness industry, today announced it ranked 160 on Deloitte’s Technology Fast 500™ ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Motionsoft grew 627% percent during the evaluation period.
Al Noshirvani, chief executive officer, Motionsoft, credits the company’s growth to innovative member retention and billing tools which solve the core challenge of the health and fitness industry - Getting, Keeping and Knowing your members.
Noshirvani said, "We have had a remarkable coalescence of innovative customers, passionate employees and extraordinary business opportunities, while serving a growing, vibrant and vital industry – health and wellness.”
“Motionsoft, like all 2011 Technology Fast 500 companies, have excelled in fostering innovation and channeling it into spectacular growth -- against the backdrop of one of the most a challenging economies in history,” said Eric Openshaw, vice chairman and U.S. technology, media and telecommunications leader, Deloitte LLP. "Deloitte recognizes Motionsoft for its remarkable accomplishment.”
“We are pleased to honor Motionsoft as a 2011 Technology Fast 500 company,”said Mark Jensen, managing partner, technology and venture capital services, Deloitte & Touche LLP. “As one of the fastest growing tech companies in North America, Motionsoft has demonstrated excellence in technological innovation, entrepreneurship and rapid growth.”
About Deloitte’s 2011 Technology Fast 500
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 – both public and private - 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 within North America.
Motionsoft is a membership relationship management software and billing provider, recently ranked among the top 1000 of America’s fastest growing private companies in Inc. Magazine’s Annual 500/5000 Report, making the list for the second year in a row. Motionsoft counts Equinox, Crunch, Gold’s Gym, Duke Fitness Center and Starbucks among their 2500 clients in the active lifestyle industry. On July 5, the company launched MoSo, a small, medium & enterprise level cloud-based business & member management software solution. http://www.motionsoft.net