New Relic, Inc. (NEWR) announced it ranked No. 61 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.
New Relic’s chief financial officer, Mark Sachleben, credits the company’s 1,424 percent revenue growth over the period to the adoption of the New Relic Software Analytics Cloud by organizations of all sizes. He said, "We’re thrilled to be recognized as the fastest growing public software company with a market capitalization over $100M in this ranking. Companies of all types continue to trust the success of their digital initiatives to New Relic. The New Relic Software Analytics Cloud helps businesses build better software through real-time insights about their app performance, customer experience and business success.”
Overall, 2015 Technology Fast 500™ companies achieved revenue growth ranging from 109 percent to 21,984 percent from 2011 to 2014, with an average growth of 850 percent.
About Deloitte’s 2015 Technology Fast 500™
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 2011 to 2014.
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 four years and be headquartered within North America.