Four Hundred and Twenty-Six Percent Revenue Growth Demonstrates Rapid Adoption of Spark Platform for Next Generation Advertising
SALT LAKE CITY — Sorenson Media today announced it ranked number 229 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Sorenson Media grew 426 percent during this period.
Sorenson Media created the Spark platform, a next generation television advertising and analytics software suite that harnesses the potential of addressable content. The Spark platform allows personalization on the vast scope of global broadcast television, giving advertisers interactive, addressable options with second-by-second measurement; features previously only found in digital.
“We’re thrilled to be recognized as part of the Deloitte Technology Fast 500.” said Marcus Liassides, CEO at Sorenson Media. “Our technology, partnerships, scale and team position us well for widespread adoption of our Spark platform as a key for success in television advertising.”
Deloitte Technology Fast 500 selects companies based on percentage fiscal year revenue growth over a three year period. Deloitte LLP compiles the ranking from public record research and information submitted by applicants.
“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. We extend our sincere congratulations to all the winners for achieving remarkable growth while delivering new services and experiences for their customers.”
Overall, 2017 Technology Fast 500™ companies achieved revenue growth ranging from 135 percent to 59,093 percent from 2013 to 2016, with median growth of 380 percent.
“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. “Deloitte is dedicated to supporting the best and brightest companies of the future in the emerging growth company sector. We are proud to acknowledge the significant accomplishments of this year’s Fast 500 winners.”
This growth award is the latest to recognize the accelerating adoption of Sorenson Media’s Spark platform among advertisers and broadcasters. In August, Sorenson Media was ranked No. 70 on Mountain West Capital Network’s Utah 100, naming them as one of the fastest growing companies in the state.