Groove Ranked Number 191 Fastest-Growing Company in North America on Deloitte's 2020 Technology Fast 500™

Record revenue growth due to strong demand for the industry's only enterprise sales engagement platform built to meet the relationship-based needs of full-cycle sellers

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Groove

Nov 18, 2020, 08:00 ET


SAN FRANCISCO, Nov. 18, 2020 /PRNewswire-PRWeb/ -- Groove, the leading sales engagement platform for enterprises using Salesforce, today announced that it ranked #191 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 26th year. Groove also ranked 38 out of 98 San Francisco Bay Area companies earning a spot on Deloitte's 2020 Technology Fast 500 list.

Groove grew 641% during the three-year award evaluation period. Overall, 2020 Technology Fast 500™ companies achieved revenue growth ranging from 175% to 106,508% from 2016 to 2019, with median growth of 450%.

"It is a huge honor to be ranked #191 on Deloitte's prestigious 2020 Technology Fast 500 list," said Chris Rothstein, CEO of Groove. "We've been laser-focused on being the number one sales engagement platform for companies using Salesforce, and it's so rewarding to see that effort pay off with strong customer growth from enterprises across newer and more traditional industries like financial services, healthcare, and education."

"For more than 25 years, we've been honoring companies that define the cutting edge and this year's Technology Fast 500 list is proof positive that technology - from software and digital media platforms, to biotech - truly does permeate so many facets of our lives," said Paul Silverglate, vice chairman, Deloitte LLP and U.S. technology sector leader. "We congratulate this year's winners, especially during a time when innovation is needed more than ever to address the monumental challenges posed by the pandemic."

The exponential growth in the sales engagement platform category over the past three years has been a central driver of Groove's record growth. More than $250 million has been invested in the category over the past 18 months alone, and TOPO Research projects that sales engagement will become a multi-billion dollar market as enterprises expand the use of these platforms beyond the prospecting use case to fully support account executives and full-cycle sellers.

Groove's position as the only enterprise sales engagement platform built to meet the relationship-based needs of full-cycle sellers has driven strong demand from a wide range of industries, including financial services, healthcare, education, and other verticals currently undergoing accelerated digital transformation due to COVID-19.

2020 INDUSTRY RECOGNITION
Groove's ranking in Deloitte's 2020 Technology Fast 500 is the latest addition to a growing list of industry awards and accolades received in 2020.

To learn why revenue teams at more than 500 industry-leading companies rely on Groove, visit our website or request a demo.

ABOUT DELOITTE'S 2020 TECHNOLOGY FAST 500™
Now in its 26th 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 2016 to 2019.

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 GROOVE
Groove is the leading sales engagement platform for enterprises using Salesforce, specializing in ease-of-use, ease-of-administration, and cross-team collaboration. Built for the needs of full-cycle sellers, Groove automates non-sales activities so that pre- and post-sales reps can spend more time building relationships and generating revenue. On average, Groove gives revenue teams 20% of their time back to focus on higher-value activities. Groove's Salesforce-native architecture can be customized to align with industry-specific workflows while ensuring more accurate reporting and forecasting, lower compliance risk, and streamlined administration.

Over 50,000 account executive, sales development, and customer success representatives use Groove at some of the world's largest and fastest-growing companies, including Google, Uber, BBVA, and Capital One. Groove has earned the highest customer satisfaction rating on G2 in the sales engagement category for over two years in a row.

Groove was named one of Inc. Magazine's Best Workplaces 2020 and is one of the 2020 Inc. 5000 fastest-growing privately held companies in the U.S. Groove also ranks #16 on the San Francisco Business Times' "fastest-growing private companies in the Bay Area in 2020." Founded in 2014, Groove is headquartered in San Francisco with offices in San Diego and Seattle. To learn more, visit groove.co.

Media Contact

Jason Klein, Groove, 415.223.2771, [email protected]

SOURCE Groove

Related Links

http://www.groove.co