iTechArt Ranked Number 225 Fastest-Growing Company in North America on Deloitte’s 2020 Technology Fast 500™

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Attributes 532% Revenue Growth to Timely Expertise in Solutions-Based Optimization Across Sectors and Agile, Highly Efficient Model

iTechArt has remained a trusted, steadfast resource to our clients, helping them make the necessary technological and operational pivots to not only weather this downturn, but exponentially accelerate their growth coming out of it.

iTechArt (itechart.com) today announced it ranked 225 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. iTechArt grew 532% during this period.

iTechArt’s chief executive officer, Sergei Kovalenko, credits the company’s 532% revenue growth to an early-mover advantage in which its own ascent has been concurrent with the rise of the global startup scene; ramping demand across the industry sectors it serves; and a remarkable retention rate resulting in an agile, adaptable workforce well-suited to these unprecedented times. He said, "In a year that has tested businesses worldwide and emphasized the critical importance of digital solutions, iTechArt has remained a trusted, steadfast resource to our clients, helping them make the necessary technological and operational pivots to not only weather this downturn, but exponentially accelerate their growth coming out of it."

“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.”

“Each year the Technology Fast 500 listing validates how important technology innovation is to our daily lives. It was interesting to see this year that while software companies continued to dominate, biotech companies rose to the top of the winners list for the first time, demonstrating that new categories of innovation are accelerating in the pursuit of making life easier, safer and more productive,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and industry leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “We extend sincere congratulations to these well-deserved winners — who all embody a spirit of curiosity, and a never-ending commitment to making technology advancements possible.”

iTechArt previously ranked 395 as a Technology Fast 500™ award winner for 2019.

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 iTechArt
Founded in 2002, iTechArt empowers VC-backed startups and innovative enterprises alike to scale faster and more effectively with the help of dedicated development teams. Comprising 1,800+ top-ranked engineers, the company is fluent in all things web, mobile, cloud, AI, and ML as well as blockchain and VR/AR solutions. To learn more about iTechArt, visit https://www.itechart.com/.

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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Diana Meleshkova
iTechArt Group
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