Domo Named One of the Fastest Growing Companies in North America on Deloitte’s Technology Fast 500™ For Second Consecutive Year
SILICON SLOPES, Utah, Nov. 15, 2018 (GLOBE NEWSWIRE) -- Domo ® (Nasdaq: DOMO), provider of the leading cloud-based operating system for business, today announced it was ranked No. 220 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. Domo grew 436 percent during the measured period from 2014–2017.*
Domo’s founder and CEO, Josh James, says the ranking is a testament to the talent and dedication of Domo employees in delivering a platform for digital transformation that transforms the way business is managed, by finally making it possible to get real-time data into the hands of every decision maker across the enterprise.
“Over the past 8 years, we’ve effectively built seven startups in one integrated platform to meet the dynamic needs of all organizations, no matter what stage they are in their digital transformation,” said Josh James. “We’ve been delivering innovation that meets the enterprise security, compliance and privacy requirements of our global customer base. Our goal is to empower decision-makers across the enterprise with the data and tools they need to immediately impact the business. This recognition speaks to the caliber of our team, our product and the vision we share with our customers.”
“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 21st 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.”
Domo’s inclusion in the 2018 Technology Fast 500 list follows a series of recent accolades in 2018, including the Dresner 2018 Cloud Computing and Business Intelligence (BI) Market Study and the Dresner 2018 Business Intelligence (BI) Market Study and the Inc. 5000.
*excluding, legacy revenue from acquired businesses
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 DeloitteDeloitte 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.
About Domo Domo’s mission is to be the operating system for business, digitally connecting all your people, your data and your systems, empowering them to collaborate better, make better decisions and be more efficient, right from their phones. Domo works with many of the world’s leading and most progressive brands across multiple industries including retail, media and entertainment, manufacturing, finance and more. For more information about Domo (Nasdaq: DOMO ), visit www.domo.com. You can also follow Domo on Twitter, Facebook and LinkedIn.
Domo Disclosure Channels to Disseminate InformationDomo investors and others should note that we announce material information to the public about our company, products and services, and other issues through a variety of means, including Domo’s website, press releases, SEC filings, blogs and social media, in order to achieve broad, non-exclusionary distribution of information to the public. We intend to use the Domo Facebook page, the Domo LinkedIn page, the Domo blog, the @Domotalk Twitter account and the @JoshJames Twitter account as a means of disclosing information about the Company and its services and for complying with the disclosure obligations under Regulation FD. The information we post through these social media channels may be deemed material. Accordingly, we encourage investors and others to monitor these social media channels in addition to following our press releases, SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described here may be updated from time to time as listed on our investor relations webpage.
Contact:Domo, Inc. PR@domo.com