Phunware Ranked Number 165 Fastest Growing Company in North America on Deloitte’s 2016 Technology Fast 500™
Attributes 521 Percent Revenue Growth to 700M Monthly Active Users Standardized on Multiscreen Cloud Platform, Products and Solutions
Austin, TX (PRWEB) [November 16, 2016] – Phunware, whose Multiscreen as a Service (MaaS) platform helps brands engage, manage and monetize their anytime, anywhere mobile application users worldwide, today announced it ranked 165 on Deloitte’s Technology Fast 500™, marking the company’s third consecutive appearance on the national list.
“Our continued growth is a true testament to our team and our commitment to relentless innovation,” said Phunware co-founder and CEO Alan S. Knitowski. “We are honored to be a part of this prestigious group of companies setting the bar for success in their industries, and we look forward to continuing to help today’s most recognized brands find success in mobile in 2017.”
The Deloitte 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. Winning companies are selected based on percentage fiscal year revenue growth from 2011 to 2014.
Phunware’s third inclusion on the list comes after a year of record growth, with the company operating at an annualized bookings run rate of approximately $70 million. Following the recent launch of Phunware Data and the company’s announcement of $22 million in additional Series F funding, the Deloitte recognition is the latest in a series of accolades the company has received in the last year. In addition to being named to the Inc. 5000 List of America’s Fastest-Growing Private Companies for the fourth consecutive year, Phunware is a two-time Forbes’ Most Promising Companies in America honoree and a five-time Austin Business Journal Fast 50 recipient. Phunware also recently took home three global and national accolades during Advertising Week 2016.
“This year’s Fast 500 winners showcase that when organizations are open to diverse perspectives and insights, they are able to create an environment for their employees and customers to see the possibilities and ingenious solutions that might lie ahead,” added Jim Atwell, national managing partner of the emerging growth company practice, Deloitte & Touche LLP. “Entrepreneurial environments foster change and innovation within businesses, and we look forward to watching these companies continue to drive change across all sectors.”
Phunware is the pioneer of Multiscreen as a Service (MaaS), a fully integrated suite of platform products, solutions and data, that allows brands to engage, manage and monetize their anytime, anywhere mobile application users worldwide. Phunware creates category-defining mobile experiences for the world’s most respected brands, with nearly 700 million devices touching its platform each month. For more information about how Phunware is transforming the way consumers interact with mobile in the virtual and physical worlds, visit www.phunware.com and follow @Phunware on Twitter.
For more information on Phunware MaaS platform products, solutions, services and data, including news on the company’s growth, please visit www.phunware.com.
About Deloitte’s 2016 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 2012 to 2015. 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, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.