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Deloitte Unveils 2024 North America Technology Fast 500™ Rankings

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Software and services industry category continues to dominate list with fintech and life sciences placing second and third in 30th annual ranking of fastest-growing businesses

SAN FRANCISCO, Nov. 21, 2024 /PRNewswire/ — Deloitte today released its “North America Technology Fast 500™,” an annual ranking of the fastest-growing North American companies in the technology, media, telecommunications, life sciences, fintech, and energy tech sectors, now in its 30th year.

TG Therapeutics, Inc. claimed the top spot with a growth rate of 153,625% from 2020 to 2023. TG Therapeutics is a fully integrated, commercial-stage biopharmaceutical company focused on the acquisition, development, and commercialization of novel treatments for B-cell diseases.

“TG Therapeutics is proud to be recognized as the fastest-growing company on the Deloitte Technology Fast 500 list,” said Michael S. Weiss, Chairman and Chief Executive Officer of TG Therapeutics. “Our success over the past few years reflects the support from the multiple sclerosis community and the dedication of our incredible team in bringing BRIUMVI, an approved treatment for adults with relapsing forms of multiple sclerosis, to those in need.”

Technology Fast 500 awardees are selected based on percentage fiscal year revenue growth from 2020 to 2023. Overall, the 2024 Technology Fast 500 companies achieved revenue growth ranging from 201% to 153,625% over the three-year time frame, with an average growth rate of 1,981% and a median growth rate of 460%.

“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 the 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.”

The Technology Fast 500’s top 10 includes:

2024 Rank

Company

Sector

Revenue Growth    

(2020 to 2023)

City, State

1

TG Therapeutics, Inc. 

Life sciences

153,625 %

New York, New York

2

Vytalize Health

Life sciences

126,668 %

Hoboken, New Jersey

3

Lessen

Software and services

39,691 %

Scottsdale, Arizona

4

Zero Hash

Fintech

31,758 %

Chicago, Illinois

5

Deel

Software and services

26,900 %

San Francisco, California

6

Talkiatry

Life sciences

17,718 %

New York, New York

7

PurposeMed

Life sciences

16,169 %

Calgary, Alberta

8

PrizePicks

Digital content/ media/entertainment

16,119 %

Atlanta, Georgia

9

Autosled, Inc.

Software and services

14,001 %

Rockville, Maryland

10

Cowbell

Fintech

13,458 %

Pleasanton, California

A deeper look

The Deloitte Technology Fast 500 winners represent 39 states and provinces across North America. California’s Bay Area continued to lead the regional pack with 17% of the Technology Fast 500 winners, followed by the Tri-State Area representing 16% of the winning companies. Software and services is the leading industry in all major markets, even New England, where historically life sciences has dominated.

Eighty-three percent of the companies listed in the 2024 Technology Fast 500 were backed by venture capital or private equity funding at some point in their company history.

Below is a summary of the 2024 ranking by regions with a significant concentration of winners:

Location

Percentage       
of List

Fastest-Growing Company

in the Region

Overall Company
Ranking

Dominate Sectors

in Location

Bay Area

17 %

Deel

5

Software 71%

Tri-State Area

16 %

TG Therapeutics, Inc.

1

Software 51%

New England

7 %

Circle

17

Software 43%,                 
Life sciences 38%

Texas

6 %

Archer Review

33

Software 73%

Greater Washington, D.C.

4 %

Autosled Inc.

9

Software 62%

Los Angeles

4 %

Gamefam

30

Software 50%

Florida

3 %

GoTu

31

Software 53%

Pacific Northwest

3 %

Skypoint

26

Software 82%

Software and services dominate for 29th straight year

Software and services companies once again topped this year’s Technology Fast 500 listing, representing the majority of the winners for the 29th straight year (59%). Of the software and services companies on the list, digital platforms represented the majority of winners (41%), with enterprise infrastructure and productivity following close behind with 36% of the winners. Security (14%), consumer software (6%), and education (2%) comprised the rest of the subsectors within software and services. Fintech and life sciences rounded out the top three industry categories with 15% and 14% of total winners, respectively.

The overall median growth rate of the winners was 460%. Energy and sustainability technology had the highest median revenue growth rate at 854%.

The Technology Fast 500 by industry sector:

Sector

Percentage

Sector Leader

Median Revenue
Growth (2020 to 2023)

Software and services

59 %

Lessen

436 %

Fintech

15 %

Zero Hash

554 %

Life sciences

14 %

TG Therapeutics, Inc.

442 %

Energy and sustainability technology

4 %

Oxygen8 Solutions

823 %

Digital content/media/ entertainment

3 %

PrizePicks

493 %

Hardware and semiconductors

3 %

PixMob

477 %

Communications/networking

1 %

Caliola Engineering, LLC

314 %

“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.”

For additional details, connect with us on LinkedIn at @SteveFineberg, @ChristieSimons.

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

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SOURCE Deloitte

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Global Gen Z Views on Beijing: A Journey Through the City’s Culture, Innovation, and Ecology

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BEIJING, Nov. 23, 2024 /PRNewswire/ — On November 22, 2024, the “Global Gen Z Views on Beijing” event organized by China Daily New Media Center and 21st Century Media and Education officially launched. The event will spotlight three key themes: Beijing’s cultural legacy, technological innovation, and environmental conservation.

During the event, over 20 international influencers will visit notable sites including the Capital Museum and the Zhoukoudian Site Museum to explore the Beijing’s rich history. They will also visit Beijing’s leading tech enterprises and innovation hubs to experience the city’s technological advancements. Additionally, the influencers will visit iconic locations such as the Yanqing Ecological Civilization Exhibition and the Beijing Wild Duck Lake National Wetland Park, gaining a firsthand perspective on the integration of environmental conservation and industrial development in the city.

Through dynamic and youthful storytelling, the event aims to showcase Beijing’s rich cultural heritage and its achievements in sustainable, high-quality development to audiences worldwide. During the first day of the event, Veronica, an Italian exchange student at Tsinghua University, expressed her excitement, saying, “I am delighted to be part of this event. My deep interest in Chinese culture brought me to China for my studies, and I have gained a lot from this experience.”

This event serves not only as a cultural exploration but also as a key platform for sharing Beijing’s historical and modern development with audiences worldwide. Through the influencers’ firsthand experiences, Beijing’s rich cultural heritage and contemporary achievements will be vividly showcased to worldwide audiences. This event offers an international stage for Beijing to highlight its unique appeal, while promoting cultural exchange and fostering global understanding.

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SOURCE China Daily

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China Telecom Gulf Officially Launches in Saudi Arabia for Business

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HONG KONG, Nov. 23, 2024 /PRNewswire/ — On November 21, China Telecom Gulf was officially launched in Riyadh. This milestone marks a significant step in China Telecom’s efforts to provide deep services under the “Belt and Road Initiative” and to promote the building of a “China-Arab Community with a Shared Future.” It signifies another solid advancement on China Telecom’s path toward internationalization. Mr. Liu Guiqing, Executive Director and EVP of China Telecom Corporation, delivered an opening speech, along with Mr. Fawaz, Representative of Contact Office of Chinese Companies in the KSA, Deputy General Manager of Industrial and Commercial Bank of China Riyadh Branch. Over 100 guests and leaders from the Economic and Commercial Office of Embassy of the PRC of the KSA, Saudi Telecom Company(STC), Bank of China, Huawei, and others attended to witness this momentous occasion.

In his address, Mr. Liu Guiqing emphasized China Telecom’s commitment to openness, cooperation, and mutual benefit. He expressed the company’s willingness to share its experiences in cloud-network integration, cloud transformation, intelligent operations, and technological innovation. China Telecom aims to work closely with various levels of Saudi governments, enterprises, and partners to actively participate in the development of local digital infrastructure, drive the rapid advancement of next-generation information technologies, and establish a robust bridge for cooperation between China and Saudi Arabia in the field of information technology. Leveraging its extensive resources and global operational capabilities, China Telecom plans to bring its strengths in 5G, cloud computing, artificial intelligence, and other fields to provide innovative, high-quality communication products and services to Saudi enterprises, institutions, and consumers.

Mr. Fawaz extended his warm congratulations on the opening of China Telecom Gulf. He highlighted that as a leading global provider of communication services, China Telecom possesses abundant cloud-network resources and mature international service capabilities. The establishment of China Telecom Gulf is a significant step toward supporting the digital transformation of businesses in the region. He expressed confidence that through joint efforts, the company will seize opportunities in the digital era and contribute to Saudi Arabia’s socio-economic development and practical cooperation between China and Saudi Arabia in various fields.

China Telecom showcased its global resources, business capabilities, and its investments and partnerships in the Middle East and Africa. Key services introduced included eSurfing Cloud, computing power solutions, quantum technology, and customized 5G networks. Currently, China Telecom operates branches in 42 countries and regions worldwide, owns 53 international submarine cables, and manages 27 self-operated Internet Data Centers (IDCs). Its cloud-network integrated infrastructure and customer-centric digital service systems provide coverage across the globe.

During the event, China Telecom Gulf signed strategic cooperation agreements with Saudi Telecom Company (STC), Huawei Saudi Arabia, and Baud Telecom Company. The parties committed to deep collaboration, leveraging their respective strengths to provide optimized and convenient digital experiences to Saudi customers.

The establishment of China Telecom’s presence in Saudi Arabia marks a major milestone in the company’s entry into the Middle Eastern communications market, representing a key development in its global strategy. Moving forward, China Telecom Gulf will leverage China Telecom’s robust digital infrastructure and resource integration capabilities. We will collaborate closely with local Saudi enterprises, Chinese businesses expanding internationally, and global companies to strengthen cooperation and enhance exchanges. The company aims to contribute to the growth of Sino-Saudi and Middle Eastern industrial cooperation, continuously offering more smart solutions for the development of the Middle East’s digital economy, while striving to become a world-class provider of digital and intelligent technology services.

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SOURCE China Telecom Global

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China set to narrow digital divide

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BEIJING, Nov. 23, 2024 /PRNewswire/ — A news report from chinadaily.com.cn:

Representatives discuss hot topics faced by countries in digitalization

China’s forward-looking vision on the future development of the internet offers a glimpse into how cooperation can narrow the digital divide across the world, at a time when an economic slowdown and impeded globalization have stunted growth worldwide, said government officials and industry experts on Friday.

They made the remarks at the 2024 World Internet Conference Wuzhen Summit that ended in Wuzhen, Zhejiang province on Friday.

They also sought more global cooperation to advance the development of the internet in less-developed economies and enhance digital competence for all.

Ren Xianliang, secretary-general of the WIC, said at a news conference, “More efforts should be made to help make the internet a new frontier for all parties to cooperate and continue to create more convergence of interests, growth points of cooperation and new highlights of win-win scenarios in cyberspace.”

“All parties around the world are expected to join hands to build a cyber world where human beings coexist, jointly create a digital future of win-win cooperation and make cyberspace better for all peoples of the world,” he said.

More than 1,800 representatives from governments, international organizations, industry associations, internet enterprises, universities and think tanks from over 130 countries and regions attended this year’s summit, addressing some of the hottest topics faced by countries in digitalization.

Teo Nie Ching, deputy minister of communications of Malaysia, said at the conference that digital transformation is not solely about technological advancement, but also a reflection of human values and actions.

“As technology progresses, we must uphold a core principle of people-centered and holistic development to ensure that technological applications truly serve the common good and promote share to the progress,” Teo said.

A United Nations report found that 2.6 billion individuals globally still lack internet access and a sharp digital divide can also be observed among economies, among industries and between urban and rural areas.

Although many less technologically advanced regions, such as Africa, possess a strong willingness to build an inclusive and equitable digital world, the rapid advancement of technologies often poses a huge challenge to developing countries — how to actively participate and keep pace with this growth, said Nii Narku Quaynor, chairman of Ghana Dot Com.

Against this backdrop, reinforcing open access to internet channels, digital content and technologies can greatly benefit emerging economies in the digital world, he said.

Eyeing a higher-level of inclusiveness, connectivity and cooperation in the internet sector, a statement on global digital cooperation was released by a sub-forum of the WIC.

The statement highlighted the importance of advancing international cooperation on data exchange, enhancing cross-border data connectivity, and narrowing gaps in data circulation, as well as more initiatives to build an open and mutually beneficial international framework for data collaboration.

Intensified efforts should also be made to deepen international exchanges on technology standards, ethical guidelines and legal frameworks, advancing a widely accepted global AI governance system, said the statement.

It also called for human-centered and ethically sound approaches to cutting-edge technologies such as AI, encouraging safe, reliable, fair and transparent research and development as well as applications of AI.

At the opening ceremony of WIC, Chinese Vice-Premier Ding Xuexiang also stressed the need for the international community to jointly deal with problems such as the digital divide and a grave cybersecurity situation to build a better digital future.

The digital divide continues to widen, and the situation of cybersecurity has become more severe, Ding said, adding that the international community is in greater need than ever of jointly advancing a community with a shared future in cyberspace.

China has been sharing the opportunities of modernization with countries around the world and injecting strong impetus into global modernization, Ding said.

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SOURCE chinadaily.com.cn

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