Workato, the leading AI-powered automation platform, announced it was named one of the Deloitte Technology Fast 500™, a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 29th year. Workato grew 686% during this period.
Workato’s Chief Executive Officer, co-founder, and bestselling author, Vijay Tella, credits efficiency once again being top of mind for leaders across all industries, a rise in the application of AI and how to scale it across an enterprise, and Workato’s platform addressing real-world problems, including the integration of applications, data, and people with the company’s 686% revenue growth.
“On behalf of everyone at Workato, it is an honor to be recognized by Deloitte and included on this year’s Technology Fast 500™ list. Workato provides the leading AI-powered enterprise integration and automation capabilities that companies are looking for to scale across teams and help tap into their automation mindset,” said Tella. “Over this past year, we witnessed the rise of AI across industries which will continue to accelerate into next year as enterprises of all sizes look to get more efficient and innovative during these unpredictable economic times.”
“Each year we look forward to reviewing the progress and innovations of our Technology Fast 500 winners. This year is especially celebratory as we expand the number of winners to better represent just how many companies are developing new ideas to progress our society and the world, especially during a slow economy,” said Paul Silverglate, Vice Chair, Deloitte LLP and U.S. Technology Sector Leader. “While software and services and life sciences continue to dominate the top 10, we are encouraged to see other categories making their mark. Congratulations to all the winners who show us how creativity, hard work, and perseverance can lead to success.”
“As for growing companies, it’s always rewarding to be recognized for the ongoing commitment it takes to navigate obstacles, transform when necessary, and ultimately create a thriving business,” said Christie Simons, Partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s audit and assurance practice. “Over the nearly 30 years we’ve been compiling the Technology Fast 500, we’ve seen new categories emerge, growth rates explode, and certain regional markets shine from the bright talent they attract. We are proud of all the winners for achieving this well-deserved honor.”
Now in its 29th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, 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 2019 to 2022.
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 thAIe company’s operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
SOURCE: BusinessWire