Once again meeting and T&E management companies populated
Deloitte's 2016 Technology Fast 500 ranking of the fastest-growing technology
companies in North America. This year, payment companies made their presence
known, as well.
To qualify, a company's revenue must have grown 120 percent between
2012 and 2015, it must be headquartered in Canada or the United States, it must
have been in business for four years and it must own proprietary technology
that contributes to at least 50 percent of revenue.
Meetings
Meetings engagement app maker DoubleDutch topped the
meetings technology sector at No. 95, down from last year's No. 73. Revenue grew
1,005 percent between 2012 and 2015. In May, the San Francisco-based company
announced integration
with Salesforce and Marketo, which took the No. 290 spot, as part of its Live
Engagement Platform strategy. In August, Vista Equity Partners acquired
Marketo, and Vista Equity will acquire Cvent within a week.
Meetings technology tool Etouches took the No. 461 spot. In
September, it launched meetings management dashboard management tool Event
ROI, and in June, it acquired SaaS meetings sourcing and booking tool Zentila.
Etouches grew 132 percent from 2012 to 2015.
Legacy meetings management company Cvent ranked No. 487 on
Deloitte's list, owing to 125 percent growth over the past three years, and event
mobile technology company Eventbase placed No. 497, reporting growth of 121 percent.
Payment
Ebilling and payment platform Paymentus was No. 252, with
288 percent growth in revenue. The Charlotte-based company appeared on the
Deloitte Technology Fast 500 in 2014, 2013 and 2011. Crossborder payments
company Payoneer, which counts Airbnb and Google as customers, ranked 370 with
190 percent growth. In October it raised $180 million, which it will use to
double product development and technical staff, according to TechCrunch.
Payroll and human capital management firm Paylocity, took
the No. 381 spot. Paylocity reported revenue of $65 million upon the Sept. 30
end of the first quarter of its 2017 fiscal year. Integrated and secure payment
company Paymetric, which ranked 462, provides solutions like tokenization, mobile
payments and payment acceptance solutions to such companies as SAP, major card
networks and banks and credit card service company TSYS.
Expense
Expense management company Coupa has grown faster than
Chrome River for the past three years, securing the 105th spot. Coupa made
headlines in November when it closed its initial
public offering, raising $153 million, which likely will fund more
aquisitions.
Chrome River ranked No. 437. The company has actively
integrated with other travel technology offerings like Amadeus
Cytric, Quipsound,
Traxo
and Uber.
It also expanded into Asia/Pacific in June, has worked with Cvent and corporate
client Anthem to develop a spend
management tool for meetings and plans to open a data
center in Europe.
Data
As corporates crave more data visibility, it's
no surprise that interactive data visualization company Tableau ranked No. 202
on Deloitte's list. In the third quarter, Tableau reported 3,600 new customers
and $206.1 million in revenue, a 21 percent year-over-year increase. In the
past three years, the Seattle-based company grew 412 percent, according to
Deloitte.