Work tech provider attributes its rapid revenue growth to its customer-centric approach and mission to mobilize today's talent
LOS ANGELES, Nov. 10, 2023 /PRNewswire-PRWeb/ -- Relocity, HR technology and global mobility services provider for enterprises, today announced it ranked 198 on the Deloitte Technology Fast 500™, a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 29th year. Relocity grew 711% during this period, and continues its mission to maximize talent effectiveness and well-being by connecting them to new communities quickly through personalized experiences.
"I'm immensely proud of our team's dedication to continuous innovation as we enable enterprises to attract, retain, and engage talent globally," said Relocity's CEO and Founder, Klaus Siegmann, who credits the company's commitment to its customers and relentless pursuit of excellence with the company's hyper growth from 2019 to 2022. "Achieving 711% revenue growth demonstrates our unwavering commitment to excellence in the ever-evolving world of technology. This recognition from Deloitte's Technology Fast 500™ is a testament to our relentless drive for success. Our AI-powered platform, destination experts, and high-impact approach are a winning combination as we reimagine the global mobility experience."
"Each year we look forward to reviewing the progress and innovations of our Technology Fast 500 winners. This year is especially celebratory as we expand the number of winners to better represent just how many companies are developing new ideas to progress our society and the world, especially during a slow economy," said Paul Silverglate, vice chair, Deloitte LLP and U.S. technology sector leader. "While software and services and life sciences continue to dominate the top 10, we are encouraged to see other categories making their mark. Congratulations to all the winners who show us how creativity, hard work and perseverance can lead to success."
"As for growing companies, it's always rewarding to be recognized for the ongoing commitment it takes to navigate obstacles, transform when necessary and ultimately create a thriving business," said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte's audit and assurance practice. "Over the nearly 30 years we've been compiling the Technology Fast 500, we've seen new categories emerge, growth rates explode, and certain regional markets shine from the bright talent they attract. We are proud of all the winners for achieving this well-deserved honor."
Overall, the 2023 Technology Fast 500 companies achieved revenue growth ranging from 222,189% to 201% over the three-year time frame from 2019 to 2022, with an average growth rate of 1,934% and a median growth rate of 497%.
About the 2023 Deloitte Technology Fast 500
Now in its 29th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, 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 2019 to 2022.
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 US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Relocity is reimagining the global mobility experience. We enable enterprises to attract, retain, and engage talent globally through our unique blend of high-tech relocation solutions and destination services. We deliver an excellent experience for people on the move through our digital employee experience and high-touch, in-person destination services. Our personalized transferee experience accommodates all mobile talent and is enabled through our AI-driven native mobile app and workforce mobility platform. More than 300 enterprises trust us and our platform to lower the costs of global mobility, while quickly relocating and connecting their people to their key markets — all to increase talent conversion, retention, and engagement.
Our core values drive us to focus on our customers, innovation, integrity, and excellence. Relocity serves thousands of cities in more than 40 markets across the United States, Europe, Asia, and Australia. Learn more at www.relocity.com.
Relocity Marketing Communications
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