Global recurring revenue management leader ServiceSource announced it has been named to Deloitte’s Technology Fast 500, which is a listing of North America’s 500 fastest growing technology, media, telecommunications, life sciences, and clean technology companies.
Conducted by Deloitte & Touche LLP, Technology Fast 500 provides a ranking of companies that have demonstrated noteworthy innovation, creativity, and business savvy. Award recipients are selected based on percentage fiscal year revenue growth from 2007 to 2011.
To be eligible for Technology Fast 500, companies must own proprietary intellectual property or technology that is sold to customers in products contributing to a majority of the companies’ operating revenues. Companies must also have base-year operating revenues of at least $50,000 USD or CD, as well as current-year operating revenues of at least $5 million USD or CD. Companies additionally must be headquartered within North America and be in business for a minimum of five years.
ServiceSource grew 173 percent during the required timeframe used in ranking the Technology Fast 500 companies. ServiceSource credits this growth to its company-wide commitment to the cloud and next-generation technology that is used by leading tech-enabled companies to maximize important recurring revenue streams.
Being honored among those recognized on the prestigious Technology Fast 500 list validates the industry’s growing awareness of the need to maximize recurring revenue, as well as ServiceSource’s expertise in meeting that demand. ServiceSource is well-positioned to offer its solution to more companies throughout the world as the trend toward cloud-based business models continues across more markets.
Further information about Deloitte’s 2012 Technology Fast 500 award can be found online at http://www.deloitte.com/view/en_US/us/Industries/technology/technology-fast500/index.htm.
ServiceSource is a worldwide leader in recurring revenue management. The most successful companies on earth rely on ServiceSource to maximize subscription, maintenance, and support revenue; improve customer retention; and increase business predictability and insight. The company delivers results with its Renew OnDemand – the world’s only cloud application built specifically to manage and grow recurring revenue, which can be combined with ServiceSource’s industry-leading services and pay-for-performance model. ServiceSource has more than 10 years of experience focused solely in growing recurring revenue, and the company’s services and applications are based on proven best practices and global benchmarks. ServiceSource has more than $7 billion under management for customers in more than 150 countries.
For more information, visit www.servicesource.com
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