Sunrise, Oct. 21, 2011 (GLOBE NEWSWIRE) -- SproutLoud Media Networks today announced it ranked No. 27 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. SproutLoud Media Networks grew 6650% percent during this period.
SproutLoud Media Networks’ Chief Executive Officer, Jared Shusterman, credits focusing on customer needs through software development and dedicated account management teams to the company’s 6650% revenue growth. He said, "We’re very proud that our team efforts over the past few years have culminated in this impressive honor, and we’re looking forward to the positive impact our newest software release and revamped user interface will have on our clients’ local marketing efforts and our company growth."
"SproutLoud Media Networks, 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 SproutLoud Media Networks for its remarkable accomplishment."
"We are pleased to honor SproutLoud Media Networks 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, SproutLoud Media Networks 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 SproutLoud Media Networks
Headquartered in Sunrise, FL, SproutLoud helps companies manage their brands and marketing messages in local markets. Their web-based distributed marketing platform provides marketing features in an easy to use interface, enabling local business marketers to access the materials they need in the media of their choice, customize them, and reach their target audience with brand-controlled messaging.
SproutLoud solutions adapt easily for any local network, including sales channels, franchises, retail locations, dealer networks, VAR Programs, field employees/offices, and affiliates. Their platform manages brand compliance, increases speed to market, automates manual tasks, and provides robust reporting, empowering marketers with the resources of national brands and making local marketing work smarter.