MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Workato today announced that it has ranked 96th in North America and 17th in the Bay Area 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 now in its 26th year.
Overall, 2020 Technology Fast 500™ companies achieved revenue growth ranging from 175% to 106,508% from 2016 to 2019, with median growth of 450%. Workato grew more than 2.5X over the median, with 1198.08% growth during this period.
“Companies are currently being presented with a false choice: that they must either choose tools for integration and an IT user, or tools for automation and a business user. Workato's mission to provide a unified, no-code/low-code platform that enables both IT and Business teams to drive outcomes by easily integrating and automating workflows, is resonating with these stakeholders and driving our growth,” said Vijay Tella, CEO and Co-founder of Workato. “We are excited to be recognized in the Deloitte Fast 500 and would like to thank all our customers and partners as we could not have done this without them!”
“For more than 25 years, we’ve been honoring companies that define the cutting edge and this year’s Technology Fast 500 list is proof positive that technology — from software and digital media platforms, to biotech — truly does permeate so many facets of our lives,” said Paul Silverglate, vice chairman, Deloitte LLP and U.S. technology sector leader. “We congratulate this year’s winners, especially during a time when innovation is needed more than ever to address the monumental challenges posed by the pandemic.”
About Deloitte’s 2020 Technology Fast 500™
Now in its 26th year, 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 2016 to 2019.
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 $US50,000, and current-year operating revenues of at least $US5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Workato is the leading Integration and Automation Platform. Recognized as a leader, Workato is the only enterprise platform that enables both business and IT to integrate their apps, automate business workflows, and drive real time outcomes from business events, without compromising security and governance. Workato is trusted by over 7,000 of the world's top brands and fastest growing innovators. For more information, visit www.workato.com or connect with us on social media:
- Blog: https://www.workato.com/blog
- Business Systems Community: https://systematic.workato.com/
- Twitter: http://www.twitter.com/workato
- LinkedIn: https://www.linkedin.com/company/workato
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