SOURCE: Puppet Labs

Puppet Labs

November 13, 2013 10:58 ET

Puppet Labs Ranked 66th Fastest-Growing Company in North America on Deloitte's 2013 Technology Fast 500™

Attributes 3,275 Percent Revenue Growth to Rapidly Expanding Market and Puppet Labs' Leadership Position

PORTLAND, OR--(Marketwired - Nov 13, 2013) - Puppet Labs today announced it ranked 66th 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 3,275 percent during this period.

Puppet Lab's Chief Executive Officer, Luke Kanies, credits a booming demand for IT automation and Puppet Labs' market leadership with the company's 3,275 percent revenue growth. He said, "Widespread adoption of virtualization and cloud is accelerating the need for IT automation in the enterprise. Puppet Labs' product innovation, engaged community, and expanding ecosystem are fueling our lead in this market, evidenced most recently with third quarter sales more than tripling year-over-year. As we continue to ship software that delights users, whether they're managing tens or thousands of servers, on-premise or in the cloud, we look forward to increased momentum in 2014."

"The 2013 Deloitte Technology Fast 500 companies are exemplary cases of those spurring growth in a tough market through innovation," said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications leader. "This year's list is a who's who of companies behind the most exciting and innovative products and services in the technology space. We congratulate the Fast 500 companies and look forward to what they do next."

"The fastest-growing companies in the US are drivers of constant innovation and operate with the agility to stay ahead of a quickly evolving marketplace, and software, biotech/pharma and internet companies continue to be at the forefront," added James Atwell, national managing partner of the Emerging Growth Company practice, Deloitte Services LP. "The companies excelling in these sectors have a startup mentality that allows them to be nimble and adapt quickly, which is why they consistently lead the list of fast-growing companies each year."

About Deloitte's 2013 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 2008 to 2012.

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, 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 Citrix, eBay, NYSE, Cisco WebEx, Salesforce, Bank of America and PayPal. Based in Portland, Oregon, Puppet Labs employs more than 190 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 www.puppetlabs.com.

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