Recommind Named to Deloitte's Technology Fast 500(TM) for Fourth Consecutive Year
Deloitte Awards Fastest Growing Technology Companies in North America Based on Five-Year Revenue Growth
November 15, 2012 -- !-- AddToAny BEGIN -->
SAN FRANCISCO, CA -- (Marketwire) -- 11/15/12 -- Recommind, a leader in unstructured data management and analysis, today announced placement on Deloitte's Technology Fast 500, for the fourth consecutive year. Deloitte's Fast 500 list provides a ranking of the fastest growing technology companies in the country as a way to recognize them for their technological innovation, entrepreneurship and rapid growth.
Recommind saw a 563 percent increase in revenue from 2007 to 2011, largely attributed to the company's industry-leading CORE® (Context Optimized Relevancy Engine) platform. CORE was designed to provide deep insight into large volume, information-rich unstructured data using advanced analytic techniques and machine learning, and forms the basis for all Recommind products. CORE offers a fully integrated set of retrieval and classification technologies that deliver the most accurate information to those who need it -- regardless of language, type or volume.
"Recommind is proud to be recognized once again by Deloitte in this prestigious list of the fastest-growing technology companies in North America for the fourth year in a row," said Bob Tennant, CEO of Recommind. "Our growth reflects the power of our mission to help transform the way organizations manage and analyze immense amounts of data."
Demand for Recommind's business analytics, enterprise search, categorization, email management, and eDiscovery software continues to grow. Its revolutionary Predictive Coding technology greatly improves the accuracy and efficiency of document analysis and review - the most expensive and time-consuming phase of eDiscovery.
"The companies on the Fast 500 list are among those that have demonstrated remarkable innovation," said Bill Ribaudo partner, Deloitte & Touche LLP and national TMT leader for audit and enterprise risk services (AERS). "As a result, these companies have continued to successfully forge ahead in a challenging economic environment. We applaud the leadership and employees of Recommind for this impressive accomplishment."
The Deloitte Technology Fast 500 is a ranking of the 500 fastest growing technology, media, telecommunications, life science and clean technology companies in North America, as indicated by revenue growth from 2007 to 2011. The full list for 2012 can be viewed at www.fast500.com.
About Recommind Inc.
Recommind, Inc. is a leader in unstructured information management analysis technology, delivering search-powered business applications that transform the way organizations find, manage, analyze and act upon data inside and outside the corporate network. Recommind's solutions are all built on the CORE platform, which automatically accesses, organizes and analyzes large volumes of information in context from myriad sources. Recommind customers include AstraZeneca, BMW, Cisco, Clifford Chance, DeMarathon Oil, Deutsche Bank Morgan Lewis, Swiss Re, US Department of Energy (DOE), White & Case and Wilmer Hale. Recommind is headquartered in San Francisco and has offices in Boston, London, Sydney and Bonn, Germany. For more information go to www.recommind.com
About Deloitte's 2012 Technology Fast 500
Technology Fast 500, conducted by Deloitte & Touche 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 2007 to 2011.
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.
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