LLamasoft Named To Deloitte’s 2012 Technology Fast 500™
November 14th, 2012
ANN ARBOR, Mich. — LLamasoft, Inc., a global provider of supply chain design software solutions, has been ranked #216 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. LLamasoft grew 389% in revenue during the period between 2007 and 2011. LLamasoft is the only Michigan based company to make this year’s list.
LLamasoft founder and CEO Donald Hicks attributes the company’s rapid growth and success to the continued development of innovative modeling technology that enables customers to realize the benefits of designing more efficient and stable supply chains. According to Hicks, “We started LLamasoft because we felt the industry needed a technology solution that would allow companies to model, optimize and simulate their supply chains in a single environment. This award validates our vision and is testimony to the hard work and dedication of the entire LLamasoft team.”
“The companies on the Fast 500 list are among those that have demonstrated remarkable innovation, creativity and business savvy,” 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 LLamasoft for this impressive accomplishment.”
“We are proud to honor the 2012 Technology Fast 500™ companies, and commend them for their outstanding growth,” said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications (TMT) leader. “These ground-breaking companies have outpaced their competition and are reinventing the way we do business today.”
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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