ATLANTA--(BUSINESS WIRE)--Phobio today announced it ranked number 221 on Deloitte’s Technology Fast 500 List, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Phobio has achieved a three-year revenue increase of 434 percent and credits its innovative software and services with the company’s growth.
“Phobio is proud to be recognized for our commitment to solving real-life business challenges. We will continue to build products that inspire sales teams, maximize profitability, increase productivity, boost employee engagement, and improve customer satisfaction,” Stephen Wakeling, CEO of Phobio, said. “Our entire team is comprised of hard-working and driven individuals who work every day to turn disruption into opportunity.”
Phobio’s omni-channel device trade-in platform revolutionizes the way consumers and businesses upgrade to the latest technology and offers the most competitive device pricing in the industry. Phobio’s AI-powered mobile messaging platform drives workforce communication, collaboration, and accountability throughout organizations by delivering the right information, to the right people, at the right time.
“Congratulations to the Deloitte 2018 Technology Fast 500 winners on this impressive achievement,” said Sandra Shirai, Vice Chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “These companies are innovators who have converted their disruptive ideas into products, services, and experiences that can captivate new customers and drive remarkable growth.”
“Software, which accounts for nearly two of every three companies on the list, continues to produce some of the most exciting technologies of the 21st century, including innovations in artificial intelligence, predictive analytics, and robotics,” said Mohana Dissanayake, Partner, Deloitte & Touche LLP, and Industry Leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “This year’s ranking demonstrates what is likely a national phenomenon, where many companies from all parts of America are transforming the way we do business by combining breakthrough research and development, entrepreneurship and rapid growth.”
Overall, 2018 Technology Fast 500™ companies achieved revenue growth ranging from 143 percent to 77,260 percent from 2014 to 2017, with median growth of 412 percent.
Headquartered in Atlanta, Phobio offers software and services that enable brands to transform how they engage with customers and employees and disrupt their respective marketplace. Founded in 2010, the company's product portfolio includes its namesake omni-channel software platform that automates mobile device trade-ins, and Rodio, a workforce communication platform that closely aligns with an organization's hierarchical structure to exchange business-critical messages. The company's software is deployed at more than 4,500 locations, and serves leading companies such as Apple, Samsung, Verizon, MarketSource and Tracfone. For more information, visit: http://www.phobio.com.
About Deloitte’s 2018 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 2014 to 2017.
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.
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