SANTA CLARA, Calif., November 9, 2023 – Propel Software, creator of the first product value management (PVM) platform, today announced it is ranked 359th on the Deloitte Technology Fast 500™, a ranking of the 500 fastest growing technology, media and , telecommunications, life sciences, fintech and energy technology companies in North America, now in its 29th year. Propel grew by 361% during this period.
Propel CEO Ross Meyercord attributes the company’s continued revenue growth to increasing demand for solutions that seamlessly connect product and commercial teams. He noted: “Over the past year, we have witnessed extraordinary momentum as we remain committed to creating innovative solutions that enable customers to accelerate and optimize product launches. Our participation over the past three years serves as a evidence of how product companies are redefining the way they build, market, sell and service products. Our Product Value Management (PVM) platform delivers enterprise-wide collaboration and process efficiencies that increase revenue and increase overall business value.”
“Each year we look forward to assessing the progress and innovations of our Technology Fast 500 winners. This year is particularly celebratory as we expand the number of winners to better reflect how many companies are developing new ideas to advance our society and the world, especially during a slow economy,” said Paul Silverglate, Vice Chairman of Deloitte LLP and US 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.”
“When it comes to growing businesses, it is always rewarding to be recognized for the continued commitment required to overcome obstacles, transform where necessary and ultimately create a thriving business,” said Christie Simons, partner, Deloitte & Touche LLP and market leader in the field of technology, media and telecommunications within Deloitte’s audit and assurance practice. “In the nearly three decades we’ve been building the Technology Fast 500, we’ve seen new categories emerge, growth rates soar, and certain regional markets shine through the talent they attract. We are proud of all the winners who achieved this well-deserved honor.”
This is the third year in a row that Propel has been named winner of the Deloitte Technology Fast 500.
Overall, the 2023 Technology Fast 500 companies achieved revenue growth ranging from 201% to 222,189% over the three-year period from 2019 to 2022, with an average growth rate of 1,934% and a median growth rate of 497%.
About the Deloitte Technology Fast 500 2023
Now in its 29th year, the Deloitte Technology Fast 500 ranks the fastest-growing technology, media, telecommunications, life sciences, fintech and energy technology companies – both public and private – in North America. Winners of the Technology Fast 500 awards are selected based on percentage revenue growth in the 2019 to 2022 fiscal year.
To qualify for Technology Fast 500 recognition, companies must own intellectual property or technology sold to customers in products that contribute to the majority of the company’s revenue. Companies must have base year operating revenues of at least $50,000, and current year operating revenues of at least $5 million. Additionally, companies must have been in business for at least four years and be headquartered in North America.
About Propel software
Propel helps product companies increase revenue and business value. Our product value management platform connects commercial and product teams to optimize decision making, drive process efficiencies and engage customers with compelling products and experiences. Propel has a proven track record of improving product quality, accelerating sales and profits, and improving customer satisfaction. Recognized multiple times as a Deloitte Technology Fast 500 winner, Propel is built on Salesforce and powers product success for hyper-growth startups, enterprise pioneers and Fortune 500 leaders in the high-tech, medtech and consumer goods industries. Visit propelsoftware.com for more information and follow us on LinkedIn.
About Deloitte
Deloitte provides leading audit, advisory, tax and advisory services to many of the world’s most admired brands, including nearly 90% of the Fortune 500® and more than 8,500 US-based private companies. At Deloitte, we strive to achieve our purpose: making an impact that matters, by building trust in a more just society. We leverage our unique blend of business acumen, technology mastery and strategic technology alliances to advise our clients across industries as they build their future. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that matter most to them. With more than 175 years of experience, our network of member firms spans more than 150 countries and territories. Discover how Deloitte’s approximately 457,000 people worldwide connect for impact at www.deloitte.com.
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