Innovolt Ranks 29th Fastest Growing Company in North Americal on Deloitte's 2013 Technology Fast 500™13 Nov, 2013
ATLANTA — November 2013 — Deloitte unveils the 2013 Technology Fast 500™ Awards, which ranks Innovolt® Inc., the leading provider of intelligent asset management technology, as No. 29. The Fast 500™ recognizes the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America.
“Thanks to our team of highly innovative and progressive employees, Innovolt has seen immense growth since our 2006 inception,” explains Jim Mitropoulos, Innovolt CEO. “The hard work of our team, combined with the vast need for a technology that protects and extends the life of valuable electronics from power and environmental disturbances, has made for a highly successful few years for Innovolt.”
Power disturbances have a larger impact on businesses and the economy than is commonly known. The financial impact of downtime ranges from $14,500 to $6.5 million per hour, according to Gartner research. Since 2006, Innovolt’s technology has proven to decrease costs associated with equipment downtime through its electronics management solution.
Due to the great need for this technology, Innovolt grew 8,234 percent during the period of 2008 to 2012. The foundation of Innovolt’s technology solutions consists of Innovolt ROC™ and the Innovolt Management Cloud. Innovolt’s Remote Optimization & Control technology safeguards often-sensitive equipment from disturbances, while the cloud platform allows for prediction, measurement and optimization of these essential assets.
Overall, 2013 Technology Fast 500™ companies achieved revenue growth ranging from 137 percent to 208,897 percent from 2008 to 2012, with an average growth of 2,600 percent.
To learn more about Innovolt, please visit http://www.Innovolt.com
Innovolt® combines patented electronics protection technology with comprehensive monitoring and analytics applications to deliver the leading Intelligent Asset Management platform. Significantly reducing the cost of electronics ownership, Innovolt intelligently protects and manages the productivity and usable life of the technology that powers today’s digital world. The company’s proven solutions guard expensive and sensitive electronic assets against the damaging effects of power disturbances while simultaneously giving businesses the tools they need to predict, measure, and maximize their performance across the distributed enterprise. Innovolt has also been acknowledged as a fastest growing technology company by the Technology Association of Georgia, Atlanta Business Chronicle, American Business Awards, Lead411 and is a finalist for Forbes’ list of America’s Most Promising Companies. For more information, visit www.innovolt.com.
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.