Attributes 17,716 Percent Revenue Growth to Full-Stack Multiscreen Platform and Tidal Shift to Mobile
Austin, TX – November 17, 2014 – Phunware, the pioneer of Multiscreen as a Service (MaaS), the first fully integrated customer engagement platform that enables brands to engage, manage and monetize their anytime anywhere users worldwide, today announced it ranked No. 4 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. From 2009–2013, Phunware grew its revenues 17,716 percent, crediting its full-stack multiscreen customer engagement platform offering and the tidal shift from desktop to mobile as core drivers for its performance.
“Phunware’s vision is to reach every human being on every device through every application on every screen in the world—whether created by Phunware or not,” said Alan S. Knitowski, Chairman and CEO of Phunware. “A few years ago, many believed that such a vision was either overly ambitious or completely insane. However, as the market continues to speak loudly and vote with its dollars, the global adoption of our MaaS customer engagement platform and our associated financial performance and growth continue to accelerate. We view these results as proof that our mobile-first, native-first and fully-integrated-first market approach and philosophy have been proven commercially and that Phunware continues to remain at the forefront of the global mobile revolution.”
The Phunware MaaS customer engagement platform makes it easy for any brand to add multiscreen application support for content management, location based services, advertising, alerts and notifications and business intelligence and analytics through the use of a single login on a single platform with a single partner. This unique and comprehensive solutions-based approach reduces both the cost and complexity that brands have been forced to tolerate historically with an ecosystem filled with fragmented, incomplete and non-integrated point products. MaaS currently remains the world’s only comprehensive customer engagement platform for multiscreen application environments and intends to reach each of the 50 billion connected devices expected to compose The Internet of Things by 2020.
“The companies ranked on the 2014 Deloitte Technology Fast 500 continue to set the bar for their industry higher each year,” said Eric Openshaw, Vice Chairman, Deloitte LLP and U.S. technology, media and telecommunications leader. “There are so many exciting products and smart thought leaders driving this list. We congratulate the Fast 500 companies and look forward to seeing them continue their momentum into 2015.”
“For 20 years, the Deloitte Fast 500 rankings have honored the innovation that is part of these companies’ DNA,” added Jim Atwell, National Managing Partner of the emerging growth company practice, Deloitte & Touche LLP. “We’re glad to be serving these high-growth companies, and helping the technology sector recognize the great strides and transformation these companies are making in their respective areas.”
About Deloitte’s 2014 Technology Fast 500™
Technology Fast 500, conducted by Deloitte 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 2009 to 2013.
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.
Phunware is the pioneer of Multiscreen as a Service (MaaS), the first fully integrated customer engagement platform that enables brands to engage, manage and monetize their anytime anywhere users worldwide. Phunware, The Software of Things™, has introduced category-defining experiences that challenge the outer limits of the most advanced connected devices for the world’s most respected brands and develops next-generation products and solutions that transform how the world interacts with and uses these connected devices. Phunware has a 5-year percentage growth of 17,716% and is a back-to-back Top 100 award winner on the Inc. 500 list of America’s Fastest Growing Companies. The company is currently ranked # 4 on the 2014 Deloitte Technology Fast 500 and # 36 on the 2014 Forbes list of America’s Most Promising Companies. For more information about how Phunware provides Everything You Need to Succeed on Mobile™, please visit www.phunware.com and follow us on Twitter @phunware.