Chrome River Technologies, a leading provider of expense management software and automated invoice processing, recently announced it ranked No. 81 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. Chrome River grew 2,319 percent during that time period.
“Chrome River attributes its revenue growth to offering companies an easy-to-use, innovative service that delivers complete process automation and cost controls around a company’s accounts payable operations, said Alan Rich, Chrome River’s co-founder and CEO. “We also credit our growth to being adaptable to the fast-changing marketplace by offering the latest in internet technologies.”
The 2013 Deloitte Technology Fast 500 companies are exemplary cases of those spurring growth in a tough market through innovation,” said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and communications leader. “This year’s list is a who’s who of companies behind the most exciting and innovative products and services in the technology space. We congratulate the Fast 500 companies and look forward to what they do next.”
“The fastest growing companies in the US are drivers of constant innovation and operate with the agility to stay ahead of a quickly evolving marketplace, and software, biotech/pharma and internet companies continue to be at the forefront,” added James Atwell, national managing partner of the Emerging Growth Company practice, Deloitte Services LP. “The companies excelling in these sectors have a startup mentality that allows them to be nimble and adapt quickly, which is why they consistently lead the list of fast-growing companies each year.”
Overall, 2013 Technology Fast 500™ companies achieved revenue growth ranging from 137 percent to 208,897 percent from 2008 to 2012, with an average growth of 2,600 percent.
Click here to view the entire Chrome River press release.
To learn more about Chrome River download a complimentary copy of PayStream’s 2013 Invoice and Workflow Automation report. The report includes a detailed Chrome River profile.
