Connect with us

Technology

Datarails Ranked 92nd Fastest-Growing Company in North America on the 2024 Deloitte Technology Fast 500™

Published

on

1372% Revenue Growth attributed to sky-high demand for Excel-native FP&A planning and AI innovation.

NEW YORK, Nov. 21, 2024 /PRNewswire/ — Datarails today announced it ranked 92 on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 30th year. Datarails grew 1372% during this period.

Datarails’s Cofounder and CEO, Didi Gurfinkel, credits this ranking to the fact that Datarails allows customers to reap all the benefits enjoyed from Excel, with the added advantages of data consolidation, automation and advanced insights and analytics.

Didi Gurfinkel, Datarails CEO and co-founder says: “Our extraordinary growth is driven by a strong alignment with what finance teams want and what modern FP&A demands. We’ve taken Excel—the most flexible and practical interface for FP&A professionals—and supercharged it with AI and advanced analytics.”

“But technological innovation isn’t the only story here. Our premium customer support transforms clients into true advocates, and they are our partners in this win.”

“When you combine an Excel-native platform that teams love, cutting-edge AI capabilities, and implementation from teams with decades of experience in FP&A, you create something special. That’s why we’re seeing such rapid adoption across industries. We’re not just providing software; we’re empowering finance teams to become more strategic partners to their businesses.”

“For 30 years we’ve been celebrating companies that are actively driving innovation. The software industry continues to be a beacon of growth, and the fintech industry made a strong showing on this year’s list, surpassing life sciences for the first time,” said Steve Fineberg, vice chair, U.S. technology sector leader, Deloitte. “Significantly, we also saw a breakthrough in performance of private companies, with the highest number of private companies named to the list in our program’s history. This year’s winners have shown they have the vision and expertise to continue to perform at a high level, and that deserves to be celebrated.”

“Innovation, transformation and disruption of the status quo are at the forefront for this year’s Technology Fast 500 list, and there’s no better way to celebrate 30 years of program history,” said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s Audit & Assurance practice. “This year’s winning companies have demonstrated a continuous commitment to growth and remarkable consistency in driving forward progress. We extend our congratulations to all of this year’s winners — it’s an incredible time for innovation. “This is Datarails second consecutive year as a Technology Fast 500 award winner.

About the 2024 Deloitte Technology Fast 500

Now in its 30th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, 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 2020 to 2023.

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 US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.

About Datarails
Datarails is the AI-powered FP&A tool for mid-market and SMB finance teams. Datarails lets teams keep working in Excel while gaining the benefits of data consolidation, automation and advanced insights and analytics. Datarails eliminates manual data work and unlocks strategic insights enabling CFOs to get to game-changing decisions faster.

About Deloitte
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including nearly 90% of the Fortune 500® and more than 8,500 U.S.-based private companies. At Deloitte, we strive to live our purpose of making an impact that matters by creating trust and confidence in a more equitable society. We leverage our unique blend of business acumen, command of technology, and strategic technology alliances to advise our clients across industries as they build their future. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Bringing more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte’s approximately 460,000 people worldwide connect for impact at www.deloitte.com.

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.

Contact: Jonathan Marciano, VP Communications Datarails, +972-586135342, Jonathan.m@datarails.com

View original content:https://www.prnewswire.com/news-releases/datarails-ranked-92nd-fastest-growing-company-in-north-america-on-the-2024-deloitte-technology-fast-500-302313196.html

SOURCE Datarails

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

LONGi advocates for accelerating the energy just transition through green innovation at COP29

Published

on

By

BAKU, Azerbaijan, Nov. 22, 2024 /PRNewswire/ — On November 11th, the 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change kicked off in Baku, the capital of Azerbaijan. The conference focused on how to fairly and effectively allocate climate financing resources, ensuring that every penny can be used to its maximum effect, helping countries achieve low-carbon economic transformation and enhance climate resilience.

At this critical moment in the global fight against climate change, as an advocate, practitioner, and leader in sustainable development in the global clean energy field, LONGi actively participated in COP29, advocating for the promotion of energy equity through green innovation. This marks LONGi’s sixth consecutive participation in the United Nations Framework Convention on Climate Change.

On November 15th, LONGi in collaboration with Deeprock Group, hosted a special event titled “SOLAR FOR ALL — The Key to Tackling Climate Change: Green Innovation Accelerates Just Energy Transition” at the “Biosphere 3” Solutions Pavilion in the Blue Zone of COP29. The event showcased LONGi’s latest scientific and technological achievements and project progress in the field of clean energy. Additionally, LONGi participated in a roundtable forum attended by representatives from UNHCR, the UN Refugee Agency, China Electricity Council (CEC), Global Energy Interconnection Development and Cooperation Organization (GEIDCO), World Economic Forum (WEF), Energy Foundation (EF), and relevant NGOs. At the forum, LONGi shared its stories about “Energy Equity” and discussed how to help climate-vulnerable regions enhance their climate resilience.

Solarization of the Emergency Stockpile in Uzbekistan Completed

UNHCR, the UN Refugee Agency and LONGi, a leading global solar technology company, have completed a groundbreaking project to solarize the UNHCR Regional Humanitarian Logistics Hub located in the Termez Cargo Centre in Surkhandarya, Uzbekistan.

The project, part of a wider UNHCR-LONGi climate action partnership, marks a significant step towards ensuring a sustainable energy supply for logistics that support refugees and internally displaced people (IDPs) across the region and beyond.

The solarization has transformed the Hub into a critical operation powered by clean energy. With the installation of high-efficiency solar panels, a substantial amount of renewable energy will be generated each year, reducing the Hub’s reliance on the grid and significantly lowering its carbon emissions.

“This transition to clean energy – a milestone in greening our supply chain globally – not only provides a renewable, reliable and cost-effective power source for the critical work that the Termez Supply Hub supports in the region, but also demonstrates UNHCR’s strong commitment to environmental sustainability,” said Shoko Shimozawa, Director of UNHCR’s Division of Emergency, Security and Supply (DESS).

The 700kW solar photovoltaic powerplant is expected to generate around 989,993kWh of electricity annually, reducing carbon emissions by approximately 495 metric tons per year. It will also result in significant annual electricity savings, which will benefit local energy infrastructure by reducing operating costs and allowing for reinvestment in further sustainable initiatives.

“By solarizing the Hub and partnering with UNHCR, LONGi is able to provide more efficient, reliable, safe and sustainable energy solutions for refugees around the world, accelerating the global energy transition and promoting energy equity,” said Dennis She, Vice President of LONGi. “Our vision is to promote a global energy transformation using BC (back-contact) solar technology, solving the electricity problem for people who are often without access to basic services, helping refugees to safeguard their rights and live in dignity.”

This partnership sets a precedent for future projects that aim to promote renewable energy adoption and improve the lives of vulnerable populations.

A milestone in UNHCR’s efforts to achieve climate neutrality across its operations, the solarization of the Hub paves the way for further collaboration that draws on the skills and expertise of the private sector. And by investing in renewable energy solutions, alongside strong partners, UNHCR is not only reducing its environmental impact but also building resilience and ensuring a sustainable future for refugees and IDPs.

The Hub, which has served as UNHCR’s regional emergency preparedness and response stockpile since 2021 primarily for the Afghanistan response, will be incorporated into UNHCR’s global stockpile network in 2025. This network, currently consisting of seven UNHCR stockpiles, enables the organization to respond to emergencies anywhere in the world by delivering core relief items (CRIs) – like blankets, mattresses, solar lamps and kitchen sets – to up to 1 million people who have been forced to flee their homes within 72 hours of an emergency being declared.

Turning emergency stockpile operations net carbon-neutral is a critical priority for the sustainability of UNHCR’s work. And the success if this pilot in Termez paves the way for similar projects around the globe.

Accelerating Global Energy Equity with Leading Photovoltaic Technology

Dennis She believes that energy equity lies in providing clean, affordable, and non-discriminatory energy services for all of humanity. However, there is currently a huge disparity in per capita energy consumption levels among countries worldwide, with the top 20% of economies consuming about 80% of the global energy. At the same time, approximately 11% of the global population still lives in darkness without electricity, and about one-third of the population cannot use clean energy for cooking, with energy poverty directly affecting local economic development and the improvement of people’s quality of life. In addition, the uneven distribution of global energy resources and limited affordability also constrain the realization of energy equity on a global scale.

With the deepening implementation of global carbon neutrality goals, clean energy represented by photovoltaics will gradually become the backbone of the global energy transition. In particular, the technological and manufacturing attributes of photovoltaics continuously enhance their cost competitiveness, rapidly driving the process of energy transition.

Solar energy is more widely and abundantly distributed globally than traditional fossil fuels, and it is more beneficial to developing countries. As a new type of clean energy, photovoltaic (PV) power generation has seen a rapid decrease in the cost per kilowatt-hour with the continuous development of photovoltaic technology. Photovoltaics have become the most economical source of electricity in the majority of countries and regions worldwide. Their sustainability, affordability, and characteristics of fairness and security provide an excellent solution to help achieve global energy equity.

As a global leading solar technology company, LONGi calls for global energy equity and has been driving global energy transition in all aspects, reducing the costs for people on the path to carbon neutrality. This allows more people around the world, especially those in developing and underdeveloped countries and regions, to enjoy affordable clean energy and achieve energy equity. In 2022, Dennis She first advocated for global energy equity at COP27, calling for the allocation of limited resources to the popularization of renewable energy and urgent climate actions.

In the future, a new round of energy revolution centered on new energy will be accelerated, and the beautiful vision of a zero-carbon future will be realized sooner based on equal and economical distribution of clean electricity. At that time, light will be brought equally into every corner of the world, providing inclusive clean energy for all regions under all scenarios, truly achieving “SOLAR FOR ALL,” and the world will have unlimited possibilities for sustainable development.

SOURCE LONGi

Continue Reading

Technology

/C O R R E C T I O N — Oman Investment Authority/

Published

on

By

In the news release, FUTURE FUND OMAN LAUNCHES FIRST WAVE OF INVESTMENT PROJECTS WORTH OVER US$ 2 BILLION, issued 20-Nov-2024 by Oman Investment Authority over PR Newswire, we are advised by the company that the sentence, should read , Other major partnerships include the IDG Oman Fund, developed in collaboration with IDG Capital, an international investment firm with a global footprint and extensive experience in China, focusing on ICT rather than , Other major partnerships include the IDG Oman Fund, developed in collaboration with China’s IDG Capital, on ICT as originally issued inadvertently. The complete, corrected release follows:

FUTURE FUND OMAN LAUNCHES FIRST WAVE OF INVESTMENT PROJECTS WORTH OVER US$ 2 BILLION

MUSCAT, Oman, Nov. 22, 2024 /CNW/ — Future Fund Oman (FFO), the latest investment initiative under Oman Investment Authority (OIA), has announced its first batch of approved investment projects. With a combined value exceeding US$ 2 billion, these projects include US$ 1.6 billion committed by foreign investors and US$ 571 million contributed by FFO. The investments are expected to create more than 1,600 direct employment opportunities, marking a significant step forward in Oman’s economic diversification and development strategy.

The approved projects span ten key sectors, including technology, manufacturing, tourism, renewable energy, and electric vehicles. In addition, small and medium enterprises (SMEs) and startups will play a prominent role, with investments targeting food, health, financial technology, e-commerce, and more. This comprehensive approach reflects FFO’s commitment to fostering innovation and growth across a broad spectrum of industries, ensuring that both large-scale ventures and emerging businesses contribute to Oman’s economic progress.

Mulham Al Jarf, Deputy President for Investments at Oman Investment Authority, stated that these projects underscore the Fund’s dedication to fulfilling its strategic objectives. These include stimulating local economic growth, fostering collaboration with the private sector, attracting foreign investments, and creating opportunities for Omani businesses and job seekers. He emphasized that these projects represent just the beginning of FFO’s efforts since its establishment in January 2024.

Among the approved projects are transformative initiatives that position Oman as a leader in innovative industries. Notable projects include the United Solar Polysilicon Plant in the SOHAR Port and Freezone, which will be one of the largest polysilicon production facilities in the world and the first of its kind in the Middle East. This facility will produce 100,000 tonnes of polysilicon annually, a critical component for renewable energy industries such as solar panel manufacturing.

Other major partnerships include the IDG Oman Fund, developed in collaboration with IDG Capital, an international investment firm with a global footprint and extensive experience in China, focusing  on ICT, renewable energy, and electric vehicles. Additionally, FFO has also partnered with EW Partners to establish the EWP Oman Fund, which targets key sectors such as ICT, energy, tourism, and agriculture.

Future Fund Oman is also supporting a range of SMEs and startups in partnership with fund managers like Tanmia, ITHCA, Omantel, and Cyfr Capital. These include IO Kitchen, an innovative cloud kitchen featuring over 30 virtual brands; Bima, an online insurance brokerage service; and Qpay, the first licensed Omani entity offering a “buy now, pay later” service. Other groundbreaking projects include BcLear Aligner, an AI-powered solution for dental braces; Nashid, a blockchain-based digital identity platform; and Antom, a digital financial platform that enhances the capabilities of Oman’s fintech ecosystem.

FFO was established in collaboration with the Ministry of Finance with a capital of $5.2 billion, allocated over five years from 2024 to 2028. The Fund strategically excludes investments in oil, gas, and real estate, focusing on growth-oriented sectors aligned with Oman’s Vision 2040.

Interested investors are invited to submit proposals through the dedicated platform, https://futurefund.om/futurefund/

Media Contact:

Fahad Al Toubi
+968 24745781
Fahad.AlToubi@oia.gov.om
www.oia.gov.om

Photo – https://mma.prnewswire.com/media/2563379/FFO_Investment_Projects.jpg

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/future-fund-oman-launches-first-wave-of-investment-projects-worth-over-us-2-billion-302311714.html

SOURCE Oman Investment Authority

Continue Reading

Technology

China Matters’ Feature: How High-Quality Development Is Shaping China’s Future

Published

on

By

BEIJING, Nov. 22, 2024 /PRNewswire/ — China has entered a transformative phase in its economic evolution, prioritizing sustainability and innovation over rapid growth. This strategic shift, known as high-quality development, represents a fundamental change aimed at ensuring long-term prosperity while addressing global challenges.

 

The latest episode of Keywords to Understand China features Jason Smith, host of the Bridge to China Podcast and a foreigner with permanent residence status in China, discussing this pivotal concept. “High-quality development means enhancing people’s lives, improving social equity, and fostering technological breakthroughs,” Smith explains.

China’s achievements in high-quality development are wide-ranging. Its Tiangong space station, equipped with cutting-edge solar energy and oxygen recycling systems, stands as a testament to its advanced engineering, surpassing the retiring International Space Station. Notably, China also became the first nation to land a rover on the moon’s far side, collecting and returning lunar samples that are now showcased in Beijing’s National Museum.

Beyond space exploration, China is a leader in artificial intelligence and green technologies. According to the World Intellectual Property Organization, China files more AI-related patents annually than any other country. This reflects its commitment to innovation as a cornerstone of economic transformation.

Workforce development is another critical area. The National Bureau of Statistics reports that the average education level of Chinese workers now exceeds 11 years, with over 60 million classified as highly skilled. Meanwhile, universities in China dominate global STEM rankings, according to Nature magazine, further solidifying the country’s reputation for fostering talent.

Smith notes that China’s high-quality development is about balance: “It’s not just about competing globally; it’s about improving quality of life domestically while contributing to global progress.”

As nations face mounting environmental and economic challenges, China’s approach provides a roadmap for integrating innovation with sustainability.

View more via YouTube: https://youtu.be/48um73JN9Gc

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/china-matters-feature-how-high-quality-development-is-shaping-chinas-future-302314044.html

SOURCE China Matters

Continue Reading

Trending