2nd Among Bay Area Companies; Attributes More Than 23,000 Percent Revenue Growth to Rise of the Data Team
Periscope Data, the world’s leading analytics platform for data professionals, announced it ranked No. 4 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. Periscope Data has grown more than 23,000 percent in the last three years.
Periscope Data’s co-founder and CEO Harry Glaser credits the continued success of the company with the increased adoption of companies utilizing data to take actionable insights to drive their businesses growth. Companies of all sizes are adopting more aggressive data strategies and, for the first time in history, formalizing data teams within their organizations to drive their business decisions, which in turn has helped to fuel dramatic growth for Periscope Data.
“The role of the data team has changed dramatically in just the few short years we’ve been in business,” said Glaser. “Data volumes have exploded, citizen data scientists are hungry to conduct their own analysis and demands for more complex insights are driving every business. These ingredients, combined with the excellent team and robust product platform we’ve built, have fueled incredible growth at Periscope Data.”
As the company expands to add more companies to its client roster, it has seen its average new deal size increase by more than 80 percent year over year. Today, Periscope Data’s customers include large Fortune 500 companies and smaller startups alike, all of whom utilize Periscope Data’s platform to turn deep data insights into action with the speed, power and flexibility they need to gain a competitive advantage.
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.
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.