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Allego Ranked 4th Fastest Growing Software Company in New England on Deloitte’s 2018 Technology Fast 500™

November 16, 2018

NEEDHAM, Mass.--(BUSINESS WIRE)--Nov 16, 2018--Allego today announced it ranked 161st overall 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. Allego grew 646 percent from 2014 to 2017, earning it the designation of fourth fastest growing software company in New England and seventh fastest growing company overall in Massachusetts.

Allego’s CEO and Co-founder Yuchun Lee credits the company’s continued growth on its laser-like focus on customers and its strategic partnerships. He said, “Our team’s relentless efforts to ensure our customers’ success and our commitment to providing easy to use modern learning tools that give sales teams fast access to content and insights at the time of need have driven growth at an incredible rate over the last few years. As more companies make the shift from traditional sales training, categorized by one-size-fits-all cram sessions, to modern learning practices, which enable sales reps to learn in a way customized to their individual needs, we’re excited to see additional growth across sales training organizations and corporate L&D.”

“Congratulations to the Deloitte 2018 Technology Fast 500 winners on this impressive achievement,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “These companies are innovators who have converted their disruptive ideas into products, services and experiences that can captivate new customers and drive remarkable growth.”

“Software, which accounts for nearly two of every three companies on the list, continues to produce some of the most exciting technologies of the 21 st century, including innovations in artificial intelligence, predictive analytics and robotics,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and Industry Leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “This year’s ranking demonstrates what is likely a national phenomenon, where many companies from all parts of America are transforming the way we do business by combining breakthrough research and development, entrepreneurship and rapid growth.”

Overall, 2018 Technology Fast 500™ companies achieved revenue growth ranging from 143 percent to 77,260 percent from 2014 to 2017, with median growth of 412 percent.

About Deloitte’s 2018 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 2014 to 2017.

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.

About Allego Allego’s modern sales learning and coaching platform ensures that reps have the skills and timely knowledge to make the most of each selling situation. Instead of traditional onboarding and sales training marathons--which are rapidly outdated and quickly forgotten-- sales enablement and training teams use Allego to deliver the fresh, bite-sized learning that reps need to close deals in today’s dynamic business environment. Content is personalized for individual sellers as well as their selling situations, and mastered through reinforcement, on-the-job coaching, and peer collaboration. Nearly 100,000 professionals use Allego to onboard faster, deliver consistent messaging, rapidly adopt best practices, coach and practice more frequently, and collaborate more effectively.

About Deloitte Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about  to learn more about our global network of member firms.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181116005280/en/

CONTACT: Allison Rynak

Allego

+1 781-374-5846

arynak@allego.comRyan Wagner

Matter Communications

+1 617-502-6545

rwagner@matternow.com

KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS

INDUSTRY KEYWORD: EDUCATION TECHNOLOGY INTERNET SOFTWARE AUDIO/VIDEO MOBILE/WIRELESS TRAINING

SOURCE: Allego

Copyright Business Wire 2018.

PUB: 11/16/2018 09:37 AM/DISC: 11/16/2018 09:37 AM

http://www.businesswire.com/news/home/20181116005280/en

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