Pleasanton, California (EastBayDaily) — Steelwedge, the leader in cloud sales and operations planning (S&OP) and demand planning solutions, today announced it ranked number 200 on Deloitte’s Technology Fast 500â¢, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Steelwedge grew 500.1 percent during this period, as indicated by certified financial statements from 2009-2013 received and reviewed by Deloitte.
Steelwedge’s chief executive officer, Pervinder Johar, attributes the company’s 500.1 percent revenue growth to the fact that its cloud software enables customers to quickly, profitably and strategically manage their supply chains.
“Steelwedge customers are able to rapidly attain user adoption and achieve quick time to value,” Johar said. “Our technology enables them to efficiently and effectively match supply and demand, merging execution and planning in an integrated, collaborative environment. We look forward to continuing this kind of growth by providing next-generation supply chain capabilities.”
“The companies ranked on the 2014 Deloitte Technology Fast 500 continue to set the bar for their industry higher each year,” said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications leader. “There are so many exciting products and smart thought leaders driving this list. We congratulate the Fast 500 companies and look forward to seeing them continue their momentum into 2015.”
“For 20 years, the Deloitte Fast 500 rankings have honored the innovation that is part of these companies’ DNA,” added Jim Atwell, national managing partner of the emerging growth company practice, Deloitte & Touche LLP. “We’re glad to be serving these high-growth companies, and helping the technology sector recognize the great strides and transformation these companies are making in their respective areas.”
Steelwedge creates an integrated business process that drives collaboration, focus and alignment across multiple divisions and departments in a company including executives, finance, marketing, sales and operations. Steelwedge helps its customer to integrate demand plans, financial goals, supply plans, inventory quantities, and new product plans to inform better decision-making.
About Deloitte’s 2014 Technology Fast 500â¢
Technology Fast 500, conducted by Deloitte 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 2009 to 2013.
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.
Steelwedge Software is the leading Integrated Business Planning solution provider. Steelwedge’s cloud-based Sales & Operations Planning (S&OP) software solutions connect people, process and technology to power a single view of a company’s business. In a volatile global business environment, that single line of sight powers reliable “what-if” scenario modeling and mobile analytics to pinpoint the financial impact of supply-demand trade-offs. Some of the world's largest manufacturing companies including HP, Jaguar Land Rover, Lenovo, and Monsanto, trust Steelwedge to help them mitigate risk and rapidly adapt to global economic, political and environmental change through best-in-class S&OP.