BROOMFIELD, Colo.--(BUSINESS WIRE)--Liqid, the world’s leading software company delivering data center composability, today announced it ranked 131 on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 27th year. Liqid grew its revenue 1034% from 2017-2020.
Liqid CEO & Cofounder Sumit Puri credits the mainstreaming of AI and other high-value applications, as well as the need to improve data center efficiency and flexibility for the company’s 1034% revenue growth. Puri said: "We are honored to be recognized among the Deloitte Technology Fast 500 for the second year in a row as we continue to experience hypergrowth due to the incredible demand for our Liqid Matrix™ composable disaggregated infrastructure software. As artificial intelligence (AI) continues to permeate every corner of the data center creating new challenges, Liqid’s adaptive software platform reduces overall hardware footprint and energy consumption, while more fully utilizing IT architecture to meet the demands of these evolving, high-value applications."
“Each year the Technology Fast 500 shines a light on leading innovators in technology and this year is no exception,” said Paul Silverglate, vice chair, Deloitte LLP and U.S. technology sector leader. “In the face of innumerable challenges resulting from the pandemic, the best and brightest were able to pivot, reinvent and transform and grow. We celebrate the winning organizations and especially the talented employees driving their success.”
“The pandemic has underscored the urgent need for tech solutions in a variety of areas across health care, fintech, energy tech, entertainment, to name a few, so reliance on innovators like the winners of the Technology Fast 500 is more important than ever,” said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s audit & assurance practice. “These companies are not only at the cutting edge, transforming the way we do business, but most importantly, recognize the strategic importance of ongoing innovation, especially in the ever-changing world of technology.”
Liqid Matrix software enables IT users to configure bare-metal servers in seconds. With Liqid Matrix, independent resource pools of GPU, NVMe storage, FPGA, storage-class memory, intelligent networking, and other high-value accelerators are orchestrated and scaled on demand to instantly address the requirements of the specific workload. Once the workload is complete, resources are released back into the pool for use by other applications. This eliminates the need for costly overprovisioning of infrastructure and reduces power and cooling requirements to enable the most efficient and sustainable data center performance at previously impossible scales. With Liqid Matrix CDI software solutions, IT organizations are better prepared to efficiently manage and grow their infrastructures to address the performance and efficiency requirements associated with AI.
Liqid previously ranked 212 as a 2020 Deloitte Technology Fast 500™ award winner.
Overall, 2021 Technology Fast 500™ companies achieved revenue growth ranging from 212% to 87,037% from 2017 to 2020, with median growth of 521%.
About the 2021 Deloitte Technology Fast 500™
Now in its 27th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, 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 2017 to 2020.
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 US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
Liqid’s composable infrastructure software platform, Liqid Matrix™, unlocks cloud-like speed and flexibility plus higher efficiency from data center infrastructure. Now IT can configure, deploy, and scale physical, bare-metal servers in seconds, then reallocate valuable accelerator and storage resources via software as needs evolve. Dynamically provision previously impossible systems or scale existing investments, and then redeploy resources where needed in real-time. Unlock cloud-like datacenter agility at any scale and experience new levels of resource and operational efficiency with Liqid.