Recommind Again Named One Of North America's Fastest Growing Companies in Deloitte 2011 Technology Fast 500™
Demand for Recommind’s Unique Predictive Technology Drives Revenue to New Heights
SAN FRANCISCO — November 1, 2011 — Recommind, the leader in predictive information management software, has placed number 193 in the 2011 Technology Fast 500™, Deloitte’s prestigious ranking of 500 of the fastest-growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2006–2010, in which time Recommind’s revenue grew 416%.
Recommind CEO Robert Tennant attributed his company’s success to enterprises’ growing realization that traditional information management software is losing the battle against big data.
“One of the few constants in modern business is the exponential increase in corporate data,” Tennant said. “The struggle to find relevant information is draining the resources of the world's largest organizations. It affects everyone from the CEO to the director of IT to the in-house counsel to the average employee just trying to find an email. Fortune 500 companies are desperate for a new approach to information management, which is exactly what we give them with products like Axcelerate eDiscovery, Decisiv Search and Decisiv Email.
"As one example of this new approach, our patented Predictive Coding technology is consistently saving customers tens of millions of dollars in eDiscovery costs by leveraging the knowledge of the attorney in an automated manner. Results like that are driving the growth that has put Recommind in the Deloitte Technology Fast 500 for three years running. But to grow at that pace, year over year, more than just great technology is needed: a robust organization, consistent execution and customer trust are essential. We’ve had great success solving some of the most expensive problems in the enterprise, but even so we've only just started to realize the potential of predictive information management. There's much more to be done, and Recommind will continue to lead the way."
“Recommind, 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 Recommind for its remarkable accomplishment.”
“We are pleased to honor Recommind 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, Recommind has demonstrated excellence in technological innovation entrepreneurship and rapid growth.
For additional detail on the Technology Fast 500 including selection and qualifying criteria, visit www.fast500.com