Newforma Ranked Number 347 Fastest Growing Company in North America on Deloitte’s 2014 Technology Fast 500
MANCHESTER, NH, Nov. 13, 2014—Newforma, a project information management (PIM) software company transforming building and infrastructure project delivery, today announced it ranked number 347 on Deloitte’s Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Newforma grew 239 percent during this period, making it the 10th fastest-growing of 29 New England-based companies in the ranking.
Newforma’s chief executive officer, Ian Howell, said, “We feel privileged to have our progress in building a sustainable and growing software company recognized by Deloitte as part of the 2014 Technology Fast 500. It is very rewarding to watch our results grow as we remain focused on making our customers successful.”
Overall, 2014 Technology Fast 500 companies achieved revenue growth ranging from 135 percent to 123,678 percent from 2009 to 2013, with an average growth of 1,640 percent.
About Deloitte’s 2014 Technology Fast 500
Technology Fast 500, conducted by Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2009 to 2013.
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 or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years and be headquartered within North America.
Newforma develops, sells and supports project information management (PIM) software for architecture, engineering, and construction firms worldwide, and the owners they serve. Newforma products make up the first industry-focused and integrated solution to connect firms to each other, to their project information, to their processes, and to remote team members, all for the purpose of more successful project delivery. Customers use Newforma software on more than 1.6 million projects worldwide to raise productivity, reduce exposure to risk, strengthen their brands, and liberate time and attention to focus on design, construction, and client service. For more information about Newforma, visit www.newforma.com