Video Platform Provider Attributes More Than 2000 Percent Revenue Growth to Skyrocketing Use of Video among Businesses and Universities
SEATTLE, November 13, 2014 — Panopto, a leading video platform provider for the enterprise and education markets, today announced that it ranked number 61 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. Panopto grew 2103 percent during this period.
“In recent years, businesses and universities have recognized the value of video as a cost-effective, engaging tool for sharing knowledge,” said Eric Burns, co-founder and chief technology officer of Panopto. “Being ranked number 61 in the Deloitte 500 is a major milestone for Panopto, and an indication of the skyrocketing demand for our one-of-a-kind video platform.”
“The companies ranked on the 2014 Deloitte Technology Fast 500 continue to set the bar for their industry higher each year,” said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications leader. “There are so many exciting products and smart thought leaders driving this list. We congratulate the Fast 500 companies and look forward to seeing them continue their momentum into 2015.”
“For 20 years, the Deloitte Fast 500 rankings have honored the innovation that is part of these companies’ DNA,” added Jim Atwell, national managing partner of the emerging growth company practice, Deloitte & Touche LLP. “We’re glad to be serving these high-growth companies, and helping the technology sector recognize the great strides and transformation these companies are making in their respective areas.”
About Deloitte’s 2014 Technology Fast 500™
Technology Fast 500, conducted by 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 2009 to 2013.
Panopto creates software that enables enterprises and academic institutions to record and view searchable video presentations in minutes from any device. Panopto is currently in use at Fortune 500 companies around the world and is the fastest-growing flipped classroom and lecture capture solution at leading universities. Privately-held, Panopto was founded in 2007 by technology entrepreneurs and software design veterans at Carnegie Mellon University’s School of Computer Science. For more information, visit www.panopto.com.