10 North Texas companies join the 2023 Deloitte Technology Fast 500 list » Dallas innovates

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Deloitte has announced the 2023 North American Technology Fast 500 list, an annual ranking of the fastest-growing North American companies in technology, media, telecommunications, life sciences, fintech and energy technology. The list, now in its 29th year, features 10 North Texas companies, with two local companies in the top 50.

Texas' top-ranked company is Dallas-based Archer Review, which provides medical and nursing students with affordable, high-quality test prep to prepare them for high-stakes exams. . Founded in 2009, Archer Review ranks 33rd on this year's list with 5,291% growth.

The second highest ranked company in Texas is Dallas-based HighLevel at No. 47. The company is a 29-year-old company that uses AI for an all-in-one sales, marketing, and customer relationship management platform. HighLevel achieved his 3,362% growth rate.

Overall, Texas accounted for approximately 6% of the companies on Deloitte's list, with 30 of them making the list.

541 companies: Software, services, and life sciences account for the majority

“Each year, we look forward to reviewing the progress and innovation of Technology Fast 500 winners,” said Paul Silvergrate, vice chairman and U.S. technology sector leader at Deloitte LLP, in a statement. Ta. “This is a particularly celebratory year, and we are awarding the award to better represent how many companies are developing new ideas to advance our society and the world, especially in an economic downturn. We will expand the number of people.”

The list has expanded to 541 companies. In North Texas, a Wichita Falls entertainment company benefited from the move, ranking No. 510 on the list.

Tech Fast 500 winners were selected based on revenue growth from fiscal years 2019 to 2022.

Overall, the 500 companies achieved revenue growth ranging from 201% (Docusign, #541) to a staggering 222,189% (Vir Biotechnology, #1) over three years. The average growth rate was 1,934%, and the median growth rate was 497%.

10 North Texas companies included in the 2023 Tech Fast 500 list

Here are the North Texas companies named to Deloitte's 2023 Tech Fast 500 list and their rankings.

rank	Company Name	Primary industry	% growth	city	saint/state	CEO name
33	archer review	Software and services	5,291%	dallas	texas	Kartik Kodur
47	advanced	Software and services	3,362%	dallas	texas	Sean Clark
150	Brainbaia Infotech Co., Ltd.	Software and services	944%	plano	texas	Chintan Shah
249	Cali loop	Software and services	558%	richardson	texas	michael walsh
298	Connected data centers	Communication/Networking	449%	plano	texas	Andrew Sharp
310	Axelk	Software and services	428%	dallas	texas	Mahendra Alladi
405	o9 solution	Software and services	304%	dallas	texas	Chakli Gottemukkara
489	line break interactive	hardware and semiconductors	238%	Allen	texas	Kevin Wang
493	data bank	Communication/Networking	234%	dallas	texas	Raul Martinek
510	In-market	Digital content/media/entertainment	223%	Wichita Falls	texas	tod morris

Some companies began issuing statements on Wednesday after the rankings were announced.

Michael Walsh, co-founder and CEO of CaliLoop, a caregiver support platform that combines cloud-based tools with personalized, professional coaching services, said: “We are proud of the innovative thinking and creativity of our team over the past few years. I am extremely proud and impressed.” We are developing new technology enhancements for our members and identifying strategic partnerships to reach more caregivers. ”

“We are honored to achieve this milestone recognition and join other Deloitte Technology Fast 500 companies that are truly transforming their respective industries,” added Walsh.

CEO of Databank, Raul Martinekacknowledges increased demand for its Tech Fast 500 rankings from its enterprise, hyperscale, and AI data center customers.

“Over the past year, Databank has achieved exceptional results, consistently exceeding expectations,” Martinek said in a statement. “The investments we have made to expand our geographic footprint to more than 27 markets and develop more flexible data hole designs have enabled us to meet increased data center demand over the past three years. .”

Award-winning companies located in 41 states and provinces

Vir Biotechnology, a San Francisco life sciences company, topped this year's Deloitte Tech Fast 500 list with 222,189% growth.

Tech Fast 500 winners are located in 41 states and provinces across North America. California's San Francisco Bay Area continues to lead the pack with 18% of Tech Fast 500 winners, followed by the Northeast Tri-State Area with 13% of winners.

Deloitte says software and services is the leading industry in every major market, a feat achieved for the 28th consecutive year in New England, historically known for life sciences.

Deloitte's Silvergrate said that while software and services and life sciences continue to dominate the top 10, the company is “encouraged to see other categories performing well.”

Technology Fast 500 by sector

“Software and services” companies make up 57% of the list, with Chicago's Mode Mobile Inc. leading the sector with median revenue growth of 489%. “Life Sciences” follows at 16%, led by the aforementioned San Francisco-based Vir Biotechnology Inc., which boasts the highest median revenue growth on the list at 665%.
“Fintech” follows with 12% of the list, with New York-based Fireblocks leading the way with median sales growth of 647%.

“Digital Content/Media/Entertainment” accounted for 5%, led by fellow New York company Fubo, with median revenue growth of 394%. “Hardware and Semiconductors” makes up 4% of the list, topped by Maryland's IonQ, whose median revenue growth rate is 338%. Similarly, “Energy and Sustainability Technologies” accounted for his 4%, led by Palette in Washington, with a median revenue growth rate of 456%.

“Telecommunications/Networking” is the smallest sector on the list at 1%, led by Colorado's Liberty Broadband Corporation, with median revenue growth of 383%.

85% of companies were backed by VC or private equity

Deloitte noted that 85% of companies on the 2023 Tech Fast 500 list received venture capital or private equity funding at some point in the company's history.

“It is always rewarding for growing companies to be recognized for the ongoing efforts required to overcome obstacles, transform when necessary, and ultimately create a thriving business,” Deloitte said. said Christy Simmons, partner and technology and media industry leader at & Touche LLP. Telecommunications in Deloitte's Audit and Assurance Practice. “For nearly 30 years, we've been compiling the Technology Fast 500, and we've seen new categories emerge, growth rates explode, and specific regional markets shine by attracting top talent. We are proud of all of our award recipients for achieving this well-deserved honor.”

Visit here to see the complete list of Deloitte's 500 winners.