Avani Technology Solutions (an Indotronix Avani Group Company) Ranked Number 329 Fastest Growing Company in North America on Deloitte’s 2019 Technology Fast 500™

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Attributes 307% Revenue Growth to New Technology and Competency Expansion.

We could not continue to deliver such excellence without the trust, support, and partnership of our diverse clients.

Avani Technology Solutions today announced it ranked 329 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. Avani grew 307% during this period.

Avani’s Chief Executive Officer, Sameer Penakalapati, credits the utilization of new technology platforms and the expansion of core competencies to better serve customers with the company’s 307% revenue growth. He said, “This recognition is a notable testament to the value we deliver to our customers every day as we continue to grow within our industry. We could not continue to deliver such excellence without the trust, support, and partnership of our diverse clients."

“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.”

Avani Technology Solutions previously ranked 276 as a Technology Fast 500™ award winner for 2018 and ranked 226 for 2017.

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.

About Avani Technology Solutions
Avani Technology Solutions (an Indotronix Avani Group Company) is an information technology provider that enables its clients’ efficiency and success. They leverage their expertise in IT, engineering, and professional talent delivery; custom software solution development; and data-driven digital marketing to implement solutions for their client’s most pressing technology needs in the areas of mobility, web applications, security testing, and enterprise computing. Initially organized in 2008, the group has enjoyed rapid growth within the United States.

About Deloitte
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.

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Kaitie Yague-Spaude
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