Mersive Technologies, a leader in wireless collaboration software and solutions, has placed on Deloitte’s prestigious Fast 500 lIst for the third year in a row. Now in its 26th year, the list is a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, and energy tech companies in North America. Overall, 2020 Technology Fast 500 companies achieved revenue growth ranging from 175% to 106,508% from 2016 to 2019, with a median growth of 450%.
Mersive CEO Rob Balgley told us “Mersive’s inclusion in the Fast 500 for the third year in a row is an affirmation of our market vision – and our ability to work closely with our customers to execute that vision to their requirements,” says “Growth in 2019 was driven by market requirements for a collaboration solution that leverages security, analytics, and cloud-based management to create a global standard for enterprise-scale deployment. We expect our growth trajectory to continue through 2020 based on our Solstice Conference offerings that extend our award-winning platform to remote locations and work from home participants.”
Mersive ranked number 277 this year, with a growth rate of 400% over the three-year period from 2016-2019. Mersive has previously ranked 139 and 202 as a Technology Fast 500™ award winner in 2018 and 2019, respectively.
Mersive is a leading provider of software-based, cloud-enabled meeting collaboration solutions for both onsite and remote teams. Mersive Solstice provides content-rich collaboration for both onsite and remote meeting use cases using existing enterprise network and video conferencing solutions of choice. With a software-based approach to collaboration, Mersive can offer integrated capabilities that have traditionally required additional hardware – such as room analytics, active learning, digital signage, and more – making meetings and classrooms more collaborative, efficient, and engaging.
The wireless presentation solutions market continued strong growth through 2019, driven by demand in the corporate and education sectors. Futuresource Consulting LTD reported a 35% volume rise from 2018 to 1.48M sales, with value up 33% to $3.47Bn. Mersive outpaced the WPS market as a whole, gaining market share in 2019. Mersive continues to gain market share through its innovative software and increasing worldwide presence and partnerships.
About Deloitte’s 2020 Technology Fast 500™
Now in its 26th year, Deloitte’s Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2016 to 2019.
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 $US50,000, and current-year operating revenues of at least $US5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.