Attributes 451% Revenue Growth to Strong Momentum in Hybrid, Multi-Cloud Market
NORTH BETHESDA, MD, Nov. 7, 2019 — CloudBolt Software, the industry’s leading cloud management platform for the enterprise, today announced it ranked 242 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. CloudBolt Software grew 451% during this period.
CloudBolt’s chief executive officer, Brian Kelly, credits a rapidly growing hybrid, multi-cloud market for the company’s strong momentum. Kelly said, “Today, enterprise IT is expanding into a world of cloud, containers, and infrastructure-as-code in order to meet the aggressive growth demands from the business. The need to deliver IT workloads—quickly, cost-effectively, and securely—has never been more important. CloudBolt consistently meets this demand with a cloud management platform that delivers unparalleled time-to-value. CloudBolt 9.0 takes what hybrid cloud can be a giant step forward. It becomes the common orchestration platform across hybrid, multi-cloud infrastructures helping enterprises to easily extend into a world of Kubernetes, Terraform, and more.”
“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.”
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.
CloudBolt is the leading cloud management platform for the enterprise. Deployed in minutes, CloudBolt helps IT unify orchestration and automate provisioning of their hybrid cloud resources—quickly, cost-effectively, and securely—while providing developers with anywhere, anytime access to those resources through a self-service catalog. Today, CloudBolt is deployed in the world’s largest enterprises, across all industries including financial services, government, healthcare, manufacturing, retail, technology services, and more. For more information, visit www.cloudbolt.io.
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