Attributes 952 Percent Revenue Growth to 600M Monthly Active Users Standardized on Multiscreen Cloud Platform, Products and Solutions
Austin, TX (PRWEB) [November 16, 2015] – Phunware today announced it ranked No. 93 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. The Fast 500 also ranked Phunware No. 1 in Austin and No. 4 in Texas for growth. Phunware grew 952 percent during this period.
Phunware’s co-founder and chief executive officer Alan S. Knitowski credits the scalability of Phunware’s multiscreen cloud platform and its native-first approach with the company’s 952 percent revenue growth. He said, “We are extremely proud and excited to lead the Austin start-up ecosystem in this year’s growth rankings and to place among other standout high-growth companies in Texas and nationwide.”
“Amid a fierce business climate, there seems to be no shortage of new and established companies that are unlocking a seemingly unlimited potential for growth and advancement through technology’s continued disruption and proliferation across industries,” said Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. “It is inspiring to witness the innovative ways that companies are incorporating emerging technologies for business gains, be it cognitive computing, or the Internet of Things. We congratulate all those ranked on this year’s Fast 500 and look forward to seeing their continued growth into 2016.”
“Through the efforts and utilization of new and emerging technologies from these companies, we are witnessing greater business demands from across almost all industries,” added Jim Atwell, national managing partner of the emerging company practice, Deloitte & Touche LLP. “We look forward to the opportunity to serve these companies as they strive to grow to the next level – be it towards introducing new solutions or entering new markets – and with it make important and long lasting impressions on the technology market as a whole.”
Phunware previously ranked No. 4 as a Technology Fast 500™ award winner for 2014.
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.
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 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. For more information about how Phunware provides Everything You Need to Succeed on Mobile™, please visit www.phunware.com and follow @Phunware on Twitter.