Groove Ranked Number 191 Fastest-Growing Company in North America on Deloitte’s 2020 Technology Fast 500
Record revenue growth due to strong demand for the industry’s only enterprise sales engagement platform built to meet the relationship-based needs of full-cycle sellers
Groove, the leading sales engagement platform for enterprises using Salesforce, announced that it ranked #191 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. Groove also ranked 38 out of 98 San Francisco Bay Area companies earning a spot on Deloitte’s 2020 Technology Fast 500 list.
Groove grew 641% during the three-year award evaluation period. Overall, 2020 Technology Fast 500™ companies achieved revenue growth ranging from 175% to 106,508% from 2016 to 2019, with median growth of 450%.
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“It is a huge honor to be ranked #191 on Deloitte’s prestigious 2020 Technology Fast 500 list,” said Chris Rothstein, CEO of Groove. “We’ve been laser-focused on being the number one sales engagement platform for companies using Salesforce, and it’s so rewarding to see that effort pay off with strong customer growth from enterprises across newer and more traditional industries like financial services, healthcare, and education.”
“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.”
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The exponential growth in the sales engagement platform category over the past three years has been a central driver of Groove’s record growth. More than $250 million has been invested in the category over the past 18 months alone, and TOPO Research projects that sales engagement will become a multi-billion dollar market as enterprises expand the use of these platforms beyond the prospecting use case to fully support account executives and full-cycle sellers.
Groove’s position as the only enterprise sales engagement platform built to meet the relationship-based needs of full-cycle sellers has driven strong demand from a wide range of industries, including financial services, healthcare, education, and other verticals currently undergoing accelerated digital transformation due to COVID-19.
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