Attributes 518% Percent Revenue Growth to innovative client partners and a vibrant and growing active lifestyle industry.
Rockville, MD – Motionsoft, a provider of member relationship management software and financial services to the health and fitness industry, today announced it ranked 178th on Deloitte’s Technology Fast 500™, ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Motionsoft grew by 518% during the evaluation period.
Al Noshirvani, Chief Executive Officer, Motionsoft, credits the company’s growth to two things – one, the staff’s ongoing commitment to superior software development and support, and two, Motionsoft’s enabling technologies which empower customers to more effectively communicate with their members.
Noshirvani said, “Our competitors had become somewhat complacent with technology development, putting greater focus on billing services than better member management tools. We set out to disrupt that model and our growth is directly attributable to the fact that our customers have consistently exceeded industry retention & acquisitions metrics.”
“We are proud to honor the 2012 Technology Fast 500™ companies, and commend them for their outstanding growth,” said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications (TMT) leader. “These ground-breaking companies have outpaced their competition and are reinventing the way we do business today.”
“The companies on the Fast 500 list are among those that have demonstrated remarkable innovation, creativity and business savvy,” said Bill Ribaudo partner, Deloitte & Touche LLP and national TMT leader for audit and enterprise risk services (AERS). “As a result, these companies have continued to successfully forge ahead in a challenging economic environment. We applaud the leadership and employees of Motionsoft for this impressive accomplishment.”
This is the second year in a row Motionsoft has been ranked as a Technology Fast 500™ award winner.
About Deloitte’s 2012 Technology Fast 500™
Technology Fast 500, conducted by Deloitte & Touche 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 2007 to 2011.
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 or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.