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Zenoss Ranked Number 22 Fastest Growing Company in North America on Deloitte's 2011 Technology Fast 500(TM)Zenoss Attributes 8,096% Percent Revenue Growth to Strong Demand for Service Assurance and Cloud Management (October 19, 2011)
AUSTIN, TX -- (Marketwire) -- 10/19/11 -- Zenoss today announced it ranked #22 on Deloitte's Technology Fast 500 ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Zenoss grew 8,096 percent during this period.
Zenoss' chief executive officer, Bill Karpovich, credits product innovation and a strong focus on the customer experience as key to driving the company's rapid revenue growth. He said, "As consumers and business move to the cloud for their daily operations, trust and reliability have become central. This is where Zenoss comes in -- we provide the platform that keeps these services up and running."
"Zenoss, like all 2011 Technology Fast 500 companies, has excelled in fostering innovation and channeling it into spectacular growth -- against the backdrop of one of the most challenging economies in history," said Eric Openshaw, vice chairman and U.S. technology, media and telecommunications leader, Deloitte LLP. "Deloitte recognizes Zenoss for its remarkable accomplishment."
"We are pleased to honor Zenoss as a 2011 Technology Fast 500 company," said Mark Jensen, managing partner, technology and venture capital services, Deloitte & Touche LLP. "As one of the fastest growing tech companies in North America, Zenoss has demonstrated excellence in technological innovation, entrepreneurship and rapid growth."
Overall, 2011 Technology Fast 500 companies achieved revenue growth ranging from 134 percent to 70,211 percent from 2006 to 2010, with an average growth of 1,736 percent.
About Deloitte's 2011 Technology Fast 500
Technology Fast 500, which was conducted by Deloitte & Touche LLP, a subsidiary of Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies - both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2006 to 2010.
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 five years, and be headquartered within North America.
About Zenoss Inc.
Zenoss is a leading provider of management software for physical, virtual, and cloud-based IT infrastructures. Over 35,000 organizations worldwide have deployed Zenoss to manage their networks, servers, virtual devices, storage, and cloud infrastructure, gaining complete visibility and predictability into their IT operations. Customers include Rackspace, VMware, Hosting.com, LinkedIn, Carlson, Motorola and Deutsche Bank. Zenoss was recognized as a "Visionary" in Gartner's 2010 Magic Quadrant for IT Event Correlation and Analysis.
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