SOURCE: SevOne, Inc.

November 13, 2013 09:35 ET

SevOne Ranked Number 191 Fastest Growing Company in North America on Deloitte's 2013 Technology Fast 500™

Attributes 554 Percent Revenue Growth to Product's Ability to Scale and International Expansion

WILMINGTON, DE--(Marketwired - Nov 13, 2013) - SevOne today announced it ranked 191 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. SevOne grew 554 percent during this period.

SevOne's chief executive officer, Jack Sweeney, credits the product's ability to scale and international expansion with the company's 554 percent revenue growth. He said, "The Cluster Architecture of the SevOne platform, which leverages distributed computing, allows it to scale with the largest of enterprise and service provider networks, while maintaining a limited hardware footprint. This equates to a significantly lower cost of ownership for customers when you consider the significant reduction in administrative burden and full time employees required to maintain the monitoring platform. It's the primary reason why we see 85 percent year-over-year growth within our existing customer base. Also, our ability to drastically reduce operating expense for the most connected companies in the world has helped SevOne expand internationally, with organizations such as BSkyB, Alestra, and Telstra Global recently migrating to SevOne."

"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."

SevOne previously ranked number 75 as a Technology Fast 500™ award winner for 2012.

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 SevOne
SevOne provides the world's fastest, most scalable performance monitoring platform to the world's most connected companies. We provide an 'all-in-one' appliance that detects and alerts on performance events before they impact your business. SevOne developed a next-generation technology called the SevOne Cluster™ that incorporates the cutting edge principles behind distributed computing to address any scalability concerns. SevOne monitors millions of objects across multiple technologies and provides a single view to the user. Customers including the top cable companies, wireless network and managed service providers, and top financial services institutions rely on SevOne to monitor the performance of their critical infrastructure.

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