DataBank Ranks Among Fastest-Growing Companies in North America on the 2024 Deloitte Technology Fast 500™
Attributes 205.86% Revenue Growth to Exploding Demand for Data Center Space by Enterprises, Hyperscale Cloud, and AI Workloads for Second Consecutive Year of Recognition
DALLAS, Dec. 2, 2024 /PRNewswire/ — DataBank, a leading provider of enterprise-class edge colocation, interconnection, and managed services, today announced it ranked on the Deloitte Technology Fast 500™ among the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 30th year. DataBank’s revenue grew 205.86% during this period.
This is a great capstone on a year in which DataBank saw other achievements including: raising more than $2 billion to fund expansion, achieving Nvidia DGX-Ready data center program certification, being named Data Center Solution of the Year for our innovative Universal Data Hall Design, and ranking on the Inc. 500 among the fastest growing companies and on the EPA’s Top 100 green power users.
Raul K. Martynek, CEO of DataBank, commented :
We are very proud to have been included in this prestigious list,”
“Although we do not control the record-high demand our industry is experiencing, we do have control over the foresight, hard work, and effort that has put us in this favorable position. The successes we are experiencing is a direct result of our day-to-day efforts, focus on execution, and quality and commitment of our people. It is why customers recognize our value and have confidence in the DataBank name.”
Steve Fineberg, vice chair, U.S. technology sector leader, Deloitte, said :
For 30 years we’ve been celebrating companies that are actively driving innovation,”
“Significantly, we saw a breakthrough in performance of private companies, with the highest number of private companies named to the list in our program’s history. This year’s winners have shown they have the vision and expertise to continue to perform at a high level, and that deserves to be celebrated.”
Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s Audit & Assurance practice, said :
Innovation, transformation and disruption of the status quo are at the forefront for this year’s Technology Fast 500 list, and there’s no better way to celebrate 30 years of program history,
“This year’s winning companies have demonstrated a continuous commitment to growth and remarkable consistency in driving forward progress. We extend our congratulations to all of this year’s winners — it’s an incredible time for innovation.”
Overall, 2024 Technology Fast 500 companies achieved revenue growth ranging from 201% to 153,625% over the three-year time frame, with an average growth rate of 1,981% and median growth rate of 460%.
Now in its 30th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2020 to 2023.
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 US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
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DataBank Ranks Among Fastest-Growing Companies in North America on the 2024 Deloitte Technology Fast 500™, source
