SOURCE: Puppet Labs

Puppet Labs

November 13, 2014 13:00 ET

Puppet Labs Ranked 42nd Fastest Growing Company in North America on Deloitte's 2014 Technology Fast 500™

Attributes 3,832 Percent Revenue Growth to Strong Market Need and Puppet Labs' Product Leadership

PORTLAND, OR--(Marketwired - Nov 13, 2014) - Puppet Labs today announced it ranked 42nd 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. Puppet Labs grew 3,832 percent from 2009-2013.

Puppet Labs' founder and CEO, Luke Kanies, credits the company's rapid growth to IT organizations' need to move more quickly with fewer errors, and Puppet Labs product leadership. He said, "Every company is becoming a technology company and realizing that technology has to be a core competency. Those that stand out from their peers will be those that can move faster by deploying great software to their customers more quickly and more often. Puppet Labs is leading this revolution by making it possible for any business to make rapid iteration a competitive advantage."

"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."

Puppet Labs previously ranked 66th as a Technology Fast 500™ award winner for 2013.

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 Puppet Labs
Puppet Labs, Inc. is the leader in IT automation. Puppet Labs software provides system administrators the operational agility, efficiency and insight they need to proactively manage dynamic infrastructure, scaling from tens of servers to thousands, both on-premise and in the cloud. Thousands of the world's leading organizations use Puppet Labs software to configure and manage their IT infrastructure, including Bank of America, Cisco, Citrix, eBay, NYSE, Salesforce.com and WebEx. Based in Portland, Oregon, Puppet Labs employs more than 320 people. The company is backed by investors Kleiner Perkins Caufield & Byers, Google Ventures, VMware, Cisco, True Ventures, Radar Partners, and Emerson Street Partners. To learn more, please visit PuppetLabs.com.

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