Attributes 224% Percent Revenue Growth to Technology Innovation and Expanded Distribution Network
PHILADELPHIA, PA, November 13, 2013 — PHD Virtual today announced it ranked 353 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. PHD Virtual grew 224% percent during this period.
PHD Virtual’s CEO, James Legg, credits technology innovation with a variety of game-changing product announcements and expansion of its distribution network and enhanced partner program with the company’s 224% revenue growth. Legg said, “During the period, PHD released PHD Virtual Backup and ReliableDR product upgrades to meet growing customer needs for innovative, easy-to-use and cost effective data protection solutions. We also added new global distributors and resellers to make access to our products easier and increase our worldwide footprint.”
“The 2013 Deloitte Technology Fast 500 companies are exemplary cases of those spurring growth in a tough market through innovation,” said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications leader. “This year’s list is a who’s who of companies behind the most exciting and innovative products and services in the technology space. We congratulate the Fast 500 companies and look forward to what they do next.”
“The fastest growing companies in the US are drivers of constant innovation and operate with the agility to stay ahead of a quickly evolving marketplace, and software, biotech/pharma and internet companies continue to be at the forefront,” added James Atwell, national managing partner of the Emerging Growth Company practice, Deloitte Services LP. “The companies excelling in these sectors have a startup mentality that allows them to be nimble and adapt quickly, which is why they consistently lead the list of fast-growing companies each year.”
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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.
In addition to the Deloitte award, PHD Virtual was also recently listed on the Philadelphia 100, a merit-based program that awards only the fastest growing, privately-held companies in the local Philadelphia region with the distinction. Started in 1988 by The Entrepreneurs’ Forum of Greater Philadelphia, The Philadelphia Business Journal and the Wharton SBDC, the Philadelphia 100 has recognized some of the region’s finest companies.
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