"With the help of our rapidly growing customer base, we’ve been able to build the product to really push our industry into the future." - Daniel Kim, co-founder and co-CEO of AuditBoard
LOS ANGELES (PRWEB) November 07, 2019
AuditBoard today announced it ranked No. 3 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 now in its 25th year. AuditBoard grew 16,682% during this period.
AuditBoard’s co-founder and co-CEO, Daniel Kim, credits obsessive customer focus and team determination to solve pervasive problems with the company’s 16,682% revenue growth. “As an audit leader I spent 10 years looking for an audit software solution, but there was no innovation in this market,” said Kim. “Our team at AuditBoard has been relentlessly dedicated to building a modern world class solution for the needs of today’s corporate audit teams. With the help of our rapidly growing customer base, we’ve been able to build the product to really push our industry into the future.”
“This year marks the 25th anniversary of Deloitte’s Technology Fast 500, so we are especially pleased to announce and congratulate the 2019 winners,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “Once again, we saw innovation across the board, with software companies continuing their dominance of the top ten. It’s always inspiring to see how the Fast 500 companies are transforming business and the world we live and work in.”
“As technology innovation trends towards ‘everything as a service,’ it’s no surprise that software companies dominate the winners list yet again this year,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and industry leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “What’s exciting about celebrating 25 years of the Tech Fast 500 is we now have a quarter century of innovation stories to draw and reflect upon. These are the companies that push boundaries, help organizations become more efficient and productive, and ultimately enable businesses to drive growth and revenue. We congratulate all the well-deserving winners.”
Overall, 2019 Technology Fast 500™ companies achieved revenue growth ranging from 166 percent to 37,458 percent from 2015 to 2018, with median growth of 439 percent.
About Deloitte’s 2019 Technology Fast 500™
Now in its 25th year, 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 2015 to 2018.
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 $US50,000, and current-year operating revenues of at least $US5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Designed for auditors by auditors, AuditBoard is the leading cloud-based platform transforming how enterprises automate, collaborate, and report on risk. Our integrated suite of easy-to-use audit and compliance solutions streamlines SOX, controls management, internal audits, and workflow management. AuditBoard’s clients range from industry-leading pre-IPO to Fortune 50 companies looking to manage their audit functions with the industry’s most intuitive, user-friendly platform. For more information: http://www.auditboard.com.
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 http://www.deloitte.com/about to learn more about our global network of member firms.