SOURCE: TraceLink Inc.

TraceLink Inc.

November 13, 2015 11:34 ET

TraceLink Ranked Number 293 Fastest Growing Company in North America on Deloitte's 2015 Technology Fast 500™

NORTH READING, MA--(Marketwired - Nov 13, 2015) - TraceLink Inc., the world's largest track and trace network for connecting the Life Sciences supply chain and eliminating counterfeit prescription drugs from the global marketplace, today announced that it has been ranked number 293 on Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. TraceLink, which achieved revenue growth of 236 percent from 2011 to 2014, is one of only 15 software companies from Massachusetts to be ranked on the 2015 Deloitte Technology Fast 500™, and is ranked number seven (7) among the fastest growing software companies headquartered in the state.

TraceLink president and CEO, Shabbir Dahod, cites a massive regulatory and technological transformation taking place within the life sciences industry as the leading driver of the company's 236 percent revenue growth. "More than 40 countries around the world have instituted new track and trace laws designed to harden the integrity of the global pharmaceutical supply chain," said Dahod. "These regulations have significant data scalability and network connectivity challenges, and the entire life sciences supply chain must move to a new infrastructure model so that life-saving medicines remain in compliance and aren't pulled from the market. Our Life Sciences Cloud platform, which serves as the preferred track and trace solution for this industry, continues to fuel our record financial growth. We're pleased to receive this prestigious recognition."

"Amid a fierce business climate, there seems to be no shortage of new and established companies that are unlocking a seemingly unlimited potential for growth and advancement through technology's continued disruption and proliferation across industries," said Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. "It is inspiring to witness the innovative ways that companies are incorporating emerging technologies for business gains, be it cognitive computing, or the Internet of Things. We congratulate all those ranked on this year's Fast 500 and look forward to seeing their continued growth into 2016."

"Through the efforts and utilization of new and emerging technologies from these companies, we are witnessing greater business demands from across almost all industries," added Jim Atwell, national managing partner of the emerging company practice, Deloitte & Touche LLP. "We look forward to the opportunity to serve these companies as they strive to grow to the next level -- be it towards introducing new solutions or entering new markets -- and with it make important and long lasting impressions on the technology market as a whole." 

Overall, 2015 Technology Fast 500™ companies achieved revenue growth ranging from 109 percent to 21,984 percent from 2011 to 2014, with an average growth of 850 percent.

About TraceLink
TraceLink is the world's largest track and trace network for connecting the Life Sciences supply chain and eliminating counterfeit prescription drugs from the global marketplace. Leading businesses, including 16 of the top-20 global pharmaceutical companies, trust the TraceLink Life Sciences Cloud to deliver complete global connectivity, visibility and traceability of pharmaceuticals from ingredient to patient. A single point and click connection to the Life Sciences Cloud creates a supply chain control tower that delivers the information, insight and collaboration needed to improve performance and reduce risk across global supply, manufacturing and distribution operations. A winner of numerous industry awards including the Amazon AWS Global Start-Up Challenge Grand Prize and the Edison Award for Innovation in Health Management, the TraceLink Life Sciences Cloud is used by businesses across the globe to meet strategic goals in ensuring global compliance, fighting drug counterfeiting, improving on-time and in-full delivery, protecting product quality and reducing operational cost. For more information on TraceLink and our solutions, visit www.tracelink.com or follow us on LinkedIn, Twitter and Facebook.

TraceLink is funded by FirstMark Capital, Volition Capital and Fidelity Biosciences.

About Deloitte's 2015 Technology Fast 500™
Deloitte's Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies -- both public and private -- in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2011 to 2014.

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 four years and be headquartered within North America.

Contact Information

  • Contacts

    Laura MacSweeney (for TraceLink)
    Red Javelin Communications
    (781) 395-6420
    Email Contact