Deloitte Unveils 2021 North America Technology Fast 500 Rankings


SAN FRANCISCO, Nov. 17, 2021 /PRNewswire/ — Deloitte right now launched its “North America Technology Fast 500,” an annual rating of the fastest-growing North American corporations within the know-how, media, telecommunications, life sciences, fintech, and power tech sectors, now in its 27th 12 months.

Axonics, Inc. claimed the highest spot with a progress charge of 87,037% from 2017 to 2020. Primarily based in Irvine, Calif., Axonics (Nasdaq: AXNX) is a world medical know-how firm centered on the event and commercialization of novel therapies for sufferers with incontinence. The Axonics® implantable rechargeable sacral neuromodulation system gives sufferers affected by overactive bladder and/or fecal incontinence with long-lived, straightforward to make use of, secure, and clinically efficient remedy. Axonics’ next-generation urethral bulking agent, Bulkamid®, gives girls affected by stress urinary incontinence with secure and sturdy symptom reduction. Axonics is certainly one of six California-based corporations ranked within the high 20 this 12 months.

“Axonics is proud to be acknowledged because the quickest rising firm on the Deloitte Expertise Quick 500 listing,” mentioned Raymond W. Cohen, chief government officer of Axonics. “The sturdy progress of Axonics is a testomony to the mission-driven tradition of the corporate, the dedication of our staff, and our dedication to innovation and creating best-in-class incontinence options that enhance the lives of sufferers. We’re grateful for the belief physicians, sufferers and shareholders have positioned in Axonics.”

Expertise Quick 500 awardees are chosen based mostly on proportion fiscal 12 months income progress from 2017 to 2020. Total, the 2021 Expertise Quick 500 corporations achieved income progress starting from 212% to 87,037% over the three-year timeframe, with a median progress charge of 521%.

“Every year the Expertise Quick 500 shines a lightweight on main innovators in know-how and this 12 months is not any exception,” mentioned Paul Silverglate, vice chair, Deloitte LLP and U.S. know-how sector chief. “Within the face of innumerable challenges ensuing from the pandemic, the very best and brightest have been capable of pivot, reinvent and rework and develop. We have a good time the successful organizations and particularly the proficient staff driving their success.”

The Expertise Quick 500’s high 10 embody:

2021 Rank

Firm

Sector

Income Progress (2017 to 2020)

Metropolis, State

1

Axonics, Inc.

Medical units

87,037%

Irvine, CA

2

GetUpside

Software program and SaaS

60,259%

Washington, DC

3

Attentive

Software program and SaaS

49,155%

Hoboken, NJ

4

Shipwell

Software program and SaaS

32,670%

Austin, TX

5

Snapcommerce

Software program and SaaS

32,526%

Toronto, ON

6

Coherus BioSciences, Inc.

Biotechnology/pharmaceutical

30,480%

Redwood Metropolis, CA

7

Drift

Software program and SaaS

29,400%

Boston, MA

8

Nufabrx

Biotechnology/pharmaceutical

22,957%

Conover, NC

9

VirnetX Holding Corp.

Software program and SaaS

19,463%

Zephyr Cove, NV

10

Banyan Software program

Software program and SaaS

18,309%

Atlanta, GA

Silicon Valley area dwelling to most winners
The Deloitte Expertise Quick 500 winners signify greater than 37 states and provinces throughout North America. California’s Silicon Valley continues to nurture fast-growing corporations, main the regional illustration with 21% of this 12 months’s Quick 500. The New York metro space was represented by 12% of the successful corporations; New England by 8%; Higher Los Angeles by 6%; and Higher Washington, DC, Washington State, and Texas accounted for five% every of the successful corporations.

Beneath is a abstract of the 2021 rating by areas with a major focus of winners:

Location

Share of Listing

Quickest-Rising
Firm within the Area

Total Firm Rating

Dominant Sectors in Location &
Related %

Silicon Valley

21%

Coherus BioSciences, Inc.

6

Software program 81%

New York Metro Space

12%

Attentive

3

Software program 77%; Biotechnology/pharmaceutical 15%

New England

8%

Drift

7

Software program 54%; Biotechnology/pharmaceutical 43%

Higher Los Angeles Space

6%

Axonics, Inc.

1

Software program 81%

Higher Washington, DC

5%

GetUpside

2

Software program 85%

Washington State

5%

Coinme

78

Software program 83%

Texas

5%

Shipwell

4

Software program 77%

Software program {industry} reveals spectacular illustration for 26th straight 12 months
Software program corporations proceed to shine within the Expertise Quick 500 itemizing, representing nearly all of the winners for the 26th straight 12 months (73%), beating final 12 months’s record-breaking proportion within the historical past of the rankings. Of the software program corporations on the listing, enterprise infrastructure and productiveness (26%), fintech corporations (19%), and digital platforms (18%) comprise the main subsectors. For the reason that creation of the rankings, software program corporations have persistently made up nearly all of the winners, with a median progress charge of 520% in 2021.

Biotechnology/pharmaceutical corporations make up the second most prevalent sector on this 12 months’s rankings, accounting for 14% of the Quick 500 corporations and attaining a median progress charge of 642% in 2021. Digital units/{hardware} corporations had a median progress charge of 564% and digital content material/media/leisure had a median progress charge of 455%.  

The Expertise Quick 500 by {industry} sector:

Sector

Share

Sector Chief

Median Income Progress
(2017 to 2020) 

Software program & SaaS 

73%

GetUpside

520%

Biotechnology/pharmaceutical

14%

Coherus BioSciences, Inc.

642%

Digital units/{hardware} 

3%

Pela

564%

Digital
content material/media/leisure

3%

SolarLeadFactory

455%

Communications/networking

2%

Discord

440%

Power tech

2%

Enercross

750%

Medical units

2%

Axonics, Inc.

357%

Semiconductor

1%

GaN Programs

485%

Enterprise backing/non-public fairness fuels majority of winners
Within the 2021 Quick 500 rankings, 81% of the businesses have been backed by enterprise capital sooner or later of their firm historical past. Notably, 27 of the highest 30 corporations on the Expertise Quick 500 in 2021 acquired enterprise funding or non-public fairness of their historical past.

“The pandemic has underscored the pressing want for tech options in a wide range of areas throughout well being care, fintech, power tech, leisure, to call a number of, so reliance on innovators just like the winners of the Expertise Quick 500 is extra essential than ever,” mentioned Christie Simons, accomplice, Deloitte & Touche LLP and {industry} chief for know-how, media and telecommunications inside Deloitte’s audit & assurance apply. “These corporations usually are not solely on the leading edge, reworking the way in which we do enterprise, however most significantly, acknowledge the strategic significance of ongoing innovation, particularly within the ever-changing world of know-how.”

For extra particulars on the Expertise Quick 500, together with the entire listing and qualifying standards, go to www.fast500.com. Join with us on Twitter: @DeloitteTMT; #Fast500 or on LinkedIn at: @PaulSilverglate; @ChristieSimons.

About Deloitte
Deloitte gives industry-leading audit, consulting, tax and advisory providers to lots of the world’s most admired manufacturers, together with almost 90% of the Fortune 500® and greater than 7,000 non-public corporations. Our individuals come together for the larger good and work throughout the {industry} sectors that drive and form right now’s market — delivering measurable and lasting outcomes that assist reinforce public belief in our capital markets, encourage purchasers to see challenges as alternatives to remodel and thrive, and assist prepared the ground towards a stronger financial system and a more healthy society. Deloitte is proud to be a part of the biggest world skilled providers community serving our purchasers within the markets which are most essential to them. Constructing on greater than 175 years of service, our community of member corporations spans greater than 150 nations and territories. Learn the way Deloitte’s greater than 345,000 individuals worldwide join for affect at www.deloitte.com.

Deloitte refers to a number of of Deloitte Touche Tohmatsu Restricted, a UK non-public firm restricted by assure (“DTTL”), its community of member corporations, and their associated entities. DTTL and every of its member corporations are legally separate and unbiased entities. DTTL (additionally known as “Deloitte World”) doesn’t present providers to purchasers. In the US, Deloitte refers to a number of of the US member corporations of DTTL, their associated entities that function utilizing the “Deloitte” identify in the US and their respective associates. Sure providers might not be accessible to attest purchasers below the principles and rules of public accounting. Please see www.deloitte.com/about to be taught extra about our world community of member corporations.

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