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Magisto Named No. 1 Fastest Growing Technology Company by Deloitte Tech Fast 50

(November 29, 2016)

AI Driven Video Creation Platform Jumps to The Head of the Pack - 2016 Next Generation of TITANS

MENLO PARK,Calif.--(BUSINESS WIRE)--#Magisto--Magisto, the worlds most popular smart video storytelling application, is pleased to announce that it has been named Israels No. 1 fastest growing tech company in the Deloitte Technology Fast 50 2016 Next Generation of TITANS with impressive 8,118% revenue growth, up from fourth place in 2015.



The Deloitte Technology Fast 50 program recognizes the 50 fastest growing technology companies in Israel, private and/or public, based on their percentage revenue growth over the last four years (2012-2015).

"Making it on the Technology Fast 50 shows a deep understanding of the market," said Shally Tshuva Technology, Media & Telecommunications Industry Leader at Deloitte Israel. "Presenting such growth rates shows that Magisto holds the agility needed to prosper in a challenging and dynamic market. The Deloitte Fast 50 measures sustained revenue growth over four years, being recognized as one of the 50 fastest growing technology companies in Israel is an outstanding achievement, continued Tshuva. ?Magisto deserves much respect for its superb growth.


Earlier this year, Magisto launched an extension of its consumer platform tailored for small and medium sized businesses, Magisto for Business. At the heart of the new video creation platform is a technology called ?Smart Storyboard, where creators can influence production value, define scene selection, refine messaging and brand movies without actually doing the heavy-lifting of video editing and production.

?As a leader in agile video creation with over 85 million users, our rapid growth is a testament to the quality and ease of our video creation platform, our team, the imagination of our customers and the incredible market demand for produced video content, said Magistos CEO and Founder, Oren Boiman. ?We are thrilled to be recognized by Deloitte and look forward to expanding our platform to continue our market momentum.

Heres an example of how California business, Axis Personal Trainers, uses Magisto video marketing to promote their services.

About Magisto:

Magisto is the worlds most popular smart video storytelling application that uses Emotional Sense Technology, patented story detection that automatically analyzes and edits raw video footage and photos into produced personal movies and professional marketing videos. Businesses use Magisto to create and deploy video marketing creative with unprecedented ease, agility and speed. Magisto is available for iOS, Android and PC. Its not magic, its Magisto. For more information, visit magisto.com, magisto.com/business or find us @magisto.


Contacts

104 West Partners for Magisto
Sarah Thorson, 720-407-6078
sarah.thorson@104west.com


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