SOURCE: Turbonomic, Inc.

Turbonomic, Inc.

November 16, 2016 15:00 ET

Turbonomic Ranked No. 100 Fastest Growing Company in North America on Deloitte's 2016 Technology Fast 500™

Attributes 954% Percent Revenue Growth to Enterprise Customer Adoption of Autonomic Cloud Platform

BOSTON, MA--(Marketwired - November 16, 2016) - Turbonomic today announced it earned the No. 100 ranking 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. Turbonomic's revenue grew 954% percent between 2012 and 2015.

"We are thrilled to have landed in the top 100 of the Deloitte Fast 500, especially following our 25th consecutive quarter of record growth, Turbonomic's largest thus far," said Geeta Sachdev, CMO, Turbonomic. "Placing so high on such a prestigious list is a tribute to the success of our more than 1,600 forward-thinking Enterprise customers, who have embraced the power of autonomic systems to help overcome the growing complexity confronting IT operations today."

"Today, when every organization can be a tech company, the most effective businesses not only foster the courage to explore change, but also encourage creativity in using and applying existing assets in new ways, as resourcefully as possible," said Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications industry leader. "This ingenious approach to innovation calls for the encouragement of curiosity and collaboration both within and outside the office walls."

"This year's Fast 500 winners showcase that when organizations are open to diverse perspectives and insights, they are able to create an environment for their employees and customers to see the possibilities and ingenious solutions that might lie ahead," added Jim Atwell, national managing partner of the emerging growth company practice, Deloitte & Touche LLP. "Entrepreneurial environments foster change and innovation within businesses, and we look forward to watching these companies continue to drive change across all sectors."

Overall, 2016 Technology Fast 500™ companies achieved revenue growth ranging from 121 percent to 66,661 percent from 2012 to 2015, with median growth of 290 percent.

About Deloitte's 2016 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 2012 to 2015.

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, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.

As used in this document, "Deloitte" means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.

About Turbonomic

Turbonomic's autonomic cloud platform enables heterogeneous environments to self-manage to assure performance of any application in any cloud. Turbonomic's patented autonomic decision engine dynamically analyzes application demand and allocates the full supply chain of all shared resources to all applications in real time, to maintain environments continuously in a healthy state.

Launched in 2010, Turbonomic is one of the fastest growing technology companies in the virtualization and cloud space. Turbonomic's autonomic platform is trusted by thousands of enterprises to accelerate their adoption of virtual, cloud, and container deployments for all mission critical applications.

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