Video Platform Company Attributes 142 Percent Revenue Growth to Product Innovations in Video Search, Video Content Management, and Live Streaming
SEATTLE, Wash., November 9, 2017 — Panopto, a leading enterprise video platform provider, today announced it has been named to Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences, and energy tech companies in North America. 2017 marks the third time that Panopto has been named one of Deloitte’s Technology Fast 500™.
“Video has become the preferred medium for people to acquire new skills, and at leading businesses and universities around the world, Panopto has become synonymous with video learning,” said Eric Burns, Panopto co-founder and CEO. “Being named to the Deloitte Fast 500™ for the third time is a testament to the skyrocketing demand for easy-to-use, professional-grade video platforms.”
The Deloitte Technology Fast 500™ rankings are based on percentage revenue growth from 2013 to 2016. Over that period, demand for its video platform in the enterprise and higher education markets helped grow Panopto’s business by 142 percent.
“The Deloitte 2017 North America Technology Fast 500™ winners underscore the impact of technological innovation and world class customer service in driving growth, in a fiercely competitive environment,” said Sandra Shirai, vice chairman, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. “These companies are on the cutting edge and are transforming the way we do business.”
“Emerging growth companies are powering innovation in the broader economy. The growth rates delivered by the companies on this year’s North America Technology Fast 500™ ranking are a bright spot for the capital markets and a strong indicator that the emerging growth technology sector will continue to deliver a strong return on investment,” said Heather Gates, national managing director of Deloitte & Touche LLP’s emerging growth company practice.
About Deloitte’s 2017 Technology Fast 500™
Deloitte’s Technology Fast 500™ provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies — both public and private — in North America. Technology Fast 500™ award winners are selected based on percentage fiscal year revenue growth from 2013 to 2016.
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, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Panopto helps businesses and universities create searchable video libraries of their institutional knowledge. Since 2007, the company has been a pioneer in video capture software, video content management systems, and inside-video search technology. Today, Panopto’s video platform is the largest repository of expert learning videos in the world. Headquartered in Seattle, with offices in Pittsburgh, London, Hong Kong, and Sydney, Panopto has received industry recognition for its innovation, rapid growth, and company culture. For more information, visit www.panopto.com.