From the Wires
ServiceNow Named to Deloitte Technology Fast 500 for Second Year in a Row
By: Business Wire
Dec. 18, 2012 08:08 AM
ServiceNow (NYSE: NOW), a leading provider of cloud-based services to automate enterprise IT operations, today announced it ranked number 33 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. Technology Fast 500 award winners were selected based on percentage fiscal year revenue growth from 2007 to 2011. During the five-year period, ServiceNow grew 4,873 percent.
“As the first to deliver IT service automation, ServiceNow has achieved revenue growth at a blistering pace due to the substantial market need for enterprise IT transformation,” said Beth White, vice president of marketing, ServiceNow. “With more than 1,300 customers worldwide and a 96 percent renewal rate, ServiceNow’s growth is unrivaled in the industry.”
ServiceNow provides a cloud platform for enterprise IT that helps companies consolidate and automate IT operations and enable self-service to reduce the cost and enhance the speed and quality of delivering IT services.
“We are proud to honor the 2012 Technology Fast 500TM companies, and commend them for their outstanding growth,” said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications (TMT) leader. “These ground-breaking companies have outpaced their competition and are reinventing the way we do business today.”
About Deloitte’s 2012 Technology Fast 500™
Technology Fast 500, conducted by Deloitte & Touche 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 2007 to 2011.
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.
ServiceNow is a leading provider of cloud-based services that automates enterprise IT operations. We focus on transforming enterprise IT by automating and standardizing business processes and consolidating IT across the global enterprise. Organizations deploy our service to create a single system of record for enterprise IT, lower operational costs and enhance efficiency. Additionally, our customers use our extensible platform to build custom applications for automating activities unique to their business requirements. For more information, visit www.servicenow.com.
ServiceNow and the ServiceNow logo are registered trademarks of ServiceNow. All other brand and product names are trademarks or registered trademarks of their respective holders.
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