SOURCE: Apigee

Apigee

November 13, 2014 12:00 ET

Apigee Ranked 5th Fastest Growing Company in North America on Deloitte 2014 Technology Fast 500™

Attributes 17,384 Percent Revenue Growth to Increasing Need for Businesses to Get Digital-Ready

SAN JOSE, CA--(Marketwired - Nov 13, 2014) - Apigee®, developer of a leading platform for digital business acceleration, today announced it ranked 5th 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. Apigee grew 17,384 percent during the 2009-2013 fiscal years.

Apigee CEO Chet Kapoor attributes the company's 17,384 percent revenue growth to increased demand for technologies that enable digital business. "At Apigee, our highest priority is ensuring that our customers have the tools they need to adapt and succeed in today's hyper-connected, data-driven world," he said. "We look forward to continuing to work with some of the world's leading businesses, helping them unlock the power of data with APIs and analytics to deliver the speed, scale and agility required of digital business."

"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."

Apigee previously ranked 34th as a Technology Fast 500™ award winner for 2013.

Overall, 2014 Technology Fast 500™ companies achieved revenue growth ranging from 135 percent to 123,678 percent from 2009 to 2013, with an average growth of 1,640 percent.

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.

About Apigee
Apigee provides a leading technology platform for digital business acceleration. Through APIs and data analytics, Apigee delivers the speed, scale, and agility businesses need to compete in today's connected mobile world. Many of the world's largest and most respected organizations have selected Apigee to enable their digital business, including 20 percent of the Fortune 100 and 25 percent of Fortune's World's Most Admired Companies. Apigee customers include global enterprises such as Walgreens, eBay, Shell, Live Nation, Kaiser Permanente and Sears. Apigee is headquartered in San Jose, California and has over 400 employees worldwide.