OpenX Technologies an LA based digital and mobile advertising technology company, today announced it ranked Number 5 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. OpenX grew 44,075 percent during the period 2008 to 2012. Additionally, the list identified OpenX as 2nd fastest growing company in the state of California and 3rd fastest growing company in the Software category nationally.
OpenX’s chief executive officer, Tim Cadogan, credits the innovation of the Company’s Software as a Service digital ad monetization platform together with the growing number of digital media companies who rely on it as key reasons for the Company’s massive revenue growth. He said, “We are very honored to be included on this year’s list. We’ve dedicated our Company to enabling digital media companies to maximize their economic potential across multiple screens. Inclusion on this year’s list is terrific recognition of the monetization platform we have built and the powerful revenue increase it gives those that use it. We are very excited about the opportunity ahead to scale and grow globally.”
“The 2013 Deloitte Technology Fast 500™ companies are exemplary cases of those spurring growth in a tough market through innovation,” said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications leader. “This year’s list is a who’s who of companies behind the most exciting and innovative products and services in the technology space. We congratulate the Fast 500 companies and look forward to what they do next.”
“The fastest growing companies in the US are drivers of constant innovation and operate with the agility to stay ahead of a quickly evolving marketplace, and software, biotech/pharma and internet companies continue to be at the forefront,” added James Atwell, national managing partner of the Emerging Growth Company practice, Deloitte Services LP. “The companies excelling in these sectors have a startup mentality that allows them to be nimble and adapt quickly, which is why they consistently lead the list of fast-growing companies each year.”