3xLOGIC, Inc., a provider of integrated, intelligent security solutions, has announced it ranked 353rd 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. 3xLOGIC grew 227 percent during this period and this is the 3rd year in a row the company has received this distinction.
Changing Rules Of The Game
3xLOGIC’s chief executive officer, Matthew Kushner, credits the company’s VIGIL Trends business intelligence solution and the unmatched value proposition it delivers to the retail market for the company’s continuing explosive revenue growth.
Kushner said, "Over the six-year period that we’ve experienced our award-winning growth, we have been changing the rules of the game in retail. 3xLOGIC’s BI software solves age-old problems that have bedeviled the industry for years. Because our BI solution is a SaaS offering, it’s affordable, scalable, and easy-to-deploy. We are offering greater, measurable efficiencies and significant savings by cutting shrink in retail operations for deployments of just a few locations to thousands.”
Transforming Business
“The Deloitte 2017 North America Technology Fast 500 winners underscore the impact of technological innovation and world class customer service in driving growth, in a fiercely competitive environment,” said Sandra Shirai, vice chairman, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. “These companies are on the cutting edge and are transforming the way we do business. We extend our sincere congratulations to all the winners for achieving remarkable growth while delivering new services and experiences for their customers.”
This is the 3rd year in a row that 3xLOGIC has won this coveted distinction, measuring a period of very impressive growth from 2011 through 2016. Overall, 2017 Technology Fast 500™ companies achieved revenue growth ranging from 135% to 59,093% during 2013 to 2016, the period measured.
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“Emerging growth companies are powering innovation in the broader economy. The growth rates delivered by the companies on this year’s North America Technology Fast 500 ranking are a bright spot for the capital markets and a strong indicator that the emerging growth technology sector will continue to deliver a strong return on investment,” said Heather Gates, national managing director of Deloitte & Touche LLP’s emerging growth company practice.
“Deloitte is dedicated to supporting the best and brightest companies of the future in the emerging growth company sector. We are proud to acknowledge the significant accomplishments of this year’s Fast 500 winners.”
About Deloitte’s 2017 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 2013 to 2016.
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.
