Attributes 779.7% Percent Revenue Growth to Demand for Better Solutions to Manage the Work of Global Teams
Mountain View, CA., November 13, 2015 — Wrike today announced it ranked 116th 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. Wrike grew 779.7% percent during this period.
Wrike’s chief executive officer, Andrew Filev, credits the growing need for enterprise to adapt new flexible, scalable solutions for increasingly collaborative digital work, as well as the growth in global and virtual teams for the company’s sharp revenue increase.
Filev said, "Our customers need powerful enterprise grade capabilities for work management without the exorbitant time and cost investment associated with legacy systems. Wrike is now sold in 120 countries and 10 languages and adding new regions every month. We are committed to make the most innovative technology accessible to our customers so they can stay competitive in a fast-paced digital global economy."
“Amid a fierce business climate, there seems to be no shortage of new and established companies that are unlocking a seemingly unlimited potential for growth and advancement through technology’s continued disruption and proliferation across industries,” said Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. “It is inspiring to witness the innovative ways that companies are incorporating emerging technologies for business gains, be it cognitive computing, or the Internet of Things. We congratulate all those ranked on this year’s Fast 500 and look forward to seeing their continued growth into 2016.”
“Through the efforts and utilization of new and emerging technologies from these companies, we are witnessing greater business demands from across almost all industries,” added Jim Atwell, national managing partner of the emerging company practice, Deloitte & Touche LLP. “We look forward to the opportunity to serve these companies as they strive to grow to the next level – be it towards introducing new solutions or entering new markets – and with it make important and long lasting impressions on the technology market as a whole.”
About Deloitte’s 2015 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 2011 to 2014.
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 four years and be headquartered within North America.
Katie Caughman, 650-318-3551