Attributes 1,855% Revenue Growth to hard work and building products that change the way our partners locate, engage, and transact with their customers.
Washington, DC, November 15, 2018 — Radius Networks today announced it ranked 71 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. Radius Networks grew 1,855 percent during this period.
Radius Networks’ chief executive officer, Marc Wallace, credits the company’s growth rate with persistence, hard work, and building great products that change the way our partners locate, engage, and transact with their customers. He said, "we are honored to be included on Deloitte’s Fastest Growing Company in North America list. Our team has created the next generation location platform and is disrupting the location and proximity technology industry. Whether it’s curbside pickup at your local grocery store, table service at one of thousands of restaurants, or a personalized experience at your favorite theme park, millions of customers touch our technology every day. We are grateful to our clients and partners who continually drive us to innovate and create new products."
“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.”
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.
About Radius Networks
Radius Networks is a location technology company focused on helping businesses locate, engage and transact with their customers for order delivery, messaging, and tracking. Our wireless-enabled tableside and curbside platforms are installed globally in tens of thousands of locations globally across more than 60 countries. Our clients include some of the world's largest brands and span multiple markets such as restaurants, hospitality, gaming, grocery, and retail.
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