PORTLAND, ME--(Marketwire - Nov 29, 2012) - Further solidifying its leadership in the industrial automation marketplace, Kepware Technologies today announced the company has been named 449 on Deloitte's Technology Fast 500™, an annual ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and clean technology companies in North America. Kepware grew 155 percent during the five-year period 2007-2011.
Established in 1995, Kepware develops a wide range of communications and interoperability software solutions for the automation industry. Helping the company move up on the list is its KEPServerEX® communications platform, a flexible and scalable solution for connecting, managing, monitoring, and controlling diverse automation devices and software applications. Communications are managed through a robust platform that supports an array of open standards.
"For many companies properly monitoring water, oil and gas transfers, ensuring equipment is working at peak efficiency and exporting operational data into other systems remains a big challenge," said Tony Paine, President and CEO of Kepware Technologies. "Businesses across the globe are increasingly turning to Kepware's solutions to solve these difficult industrial communications problems. We're thrilled about our continued momentum and honored to be named to the Deloitte Technology Fast 500."
"The companies on the Fast 500 list are among those that have demonstrated remarkable innovation, creativity and business savvy," said Bill Ribaudo, Partner, Deloitte & Touche LLP and National TMT Leader for Audit and Enterprise Risk Services (AERS). "As a result, these companies have continued to successfully forge ahead in a challenging economic environment. We applaud the leadership and employees at Kepware for this impressive accomplishment."
Overall, companies listed in the 2012 Technology Fast 500™ have achieved revenue growth ranging from 128 percent to 279,684 percent from 2007 to 2011 -- with an average growth of 2,774 percent.
About Deloitte's 2012 Technology Fast 500™
Technology Fast 500, conducted by Deloitte & Touche 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 2007 to 2011.
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 Kepware Technologies
Kepware Technologies, established in 1995, develops a wide range of communication and interoperability software solutions for the Automation industry. Our flexible and scalable solutions help connect, manage, monitor, and control diverse automation devices and software applications. Our industry-endorsed software solutions improve operations and decision-making throughout all levels of an organization. Kepware Technologies' mission is to be your standard for connectivity by developing Advanced Communications for Automation.