Affinnova Ranked Number 274 Fastest Growing Company in North America on Deloitte’s 2012 Technology Fast 500™
Posted on Wed, Nov 14, 2012
WALTHAM, MA, USA (November 14, 2012) – Affinnova, Inc., the global leader in innovation software and services, today announced it ranked 274 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Affinnova grew 279 percent during this period.
Affinnova’s chief executive officer, Waleed Al-Atraqchi, credits leadership in innovation and a dedicated, all-star team of professionals with the company’s 279 revenue growth. He said, “We are honored to be named one of North America’s fastest growing companies. This recognition demonstrates our excellence in technological innovation and the commitment of an expert team. When the most respected companies in the world depend on our innovative solutions to help develop and market better performing products, we know we are on the right trajectory for growth. We look forward to expanding our innovative offerings with the launch of new initiatives in early 2013.
Overall, 2012 Technology Fast 500™ companies achieved revenue growth ranging from 128 percent to 279,684 percent from 2007 to 2011, with an average growth of 2,774 percent.
About Deloitte’s 2012 Technology Fast 500™
Technology Fast 500, conducted by Deloitte & Touche LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2007 to 2011.
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 $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
