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Technology

The Travel Companies Among Deloitte's Fastest Growing Tech Companies

By JoAnn DeLuna / November 10, 2017 / Contact Reporter
Business Travel News on X

A variety of travel software companies scored spots on Deloitte's 2017 list of the fastest 500 growing technology companies. Deloitte evaluated revenue growth from 2013 to 2016 of companies that have been in business for those four years, are headquartered in Canada or the U.S., own proprietary technology that contributes to the majority of operating revenue, had a 2013 base-year operating revenue of at least $50,000 and had 2016 operating revenue of at least $5 million.

New to the List

Startup Dataminr ranked 69th, owing to its 2,318 percent growth in revenue from 2013 through 2016. Dataminr monitors Twitter for mentions of emergencies and unexpected events that could impact travelers. It sells an annual-subscription data feed to aid clients' duty of care.

Business intelligence and data visualization tool Domo took the 71st spot. It experienced 2,250 percent growth from 2013 to 2016.

Yapta made the list for the first time since its 2006 launch. Its 702 percent growth placed it at No. 154. Reshopping tools like Yapta may have contributed to hotel chains like Marriott and Hilton lengthening their windows for no-penalty cancellations from 24 hours to 48 hours.

Parkmobile allows users to pay for metered parking through its mobile app in 39 U.S. cities. It ranked No. 433 on Deloitte's 2017 list, exhibiting 179 percent growth in revenue.

Repeat Winners

Spend management company Coupa dropped to No. 182 from 105 last year. Since closing its $153 million IPO last November, it's been bolstering its machine learning capabilities through acquisitions. It acquired fraud-detection company Deep Relevance last month and data analytics company Spend360 in January.

Data visualization company Tableau also dropped in rank from last year's 202 spot to No. 319. The Seattle-based company reported growth of 256 percent from 2013 to 2016.

Event technology platform Eventmobi moved from No. 253 last year to 430. It provides meeting organizers with registration tools, event apps, polls, surveys and digital signage.

Meetings technology tool Etouches maintained its spot at No. 461. After acquiring meetings sourcing and booking tool Zentila in June 2016, it also added a venue sourcing capability to its platform in October.

After a two-year hiatus, fleet management and GPS tracking company GeoTab returned to the list at No. 485. It had appeared on Deloitte's Technology Fast 500 from 2010 to 2014.

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