Xevo Ranked Number 370 Fastest-Growing Company in North America in Deloitte’s 2017 Technology Fast 500™
BELLEVUE, Wash., Nov. 9, 2017 /PRNewswire/ — Xevo, the global leader in data-driven user experiences for the automotive and cruise industries, today announced it has been named number 370 in Deloitte’s Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, and energy tech companies in North America. Xevo also placed number 219 in the Software category of the rankings. Earlier this year Xevo introduced Journeyware™, the only highly-scalable cloud-based data management software solution and connected car platform available. The company experienced 50% revenue growth in the past year, with revenue up 387% since 2013.
“This award is a great honor for both our company and our technology, and we are pleased to be recognized with such a dynamic group of companies. We at Xevo are driven by the journey, and we’re creating the next-generation automobile user experience,” said Dan Gittleman, CEO of Xevo. “Our growth is a direct result of our focus on innovation in the automotive industry. We are changing the way people think about and connect to their cars, and the way car manufacturers develop vehicles. Our cutting-edge Journeyware solution fundamentally transforms the connected car market, using data to create ‘smart’ driving experiences. We’re excited to continue our path of swift growth and innovation as Xevo distinguishes itself as a leader in the tech community.”
“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.”
“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.”
Overall, 2017 Technology Fast 500™ companies achieved revenue growth ranging from 137 percent to 59,093 percent from 2013 to 2016, with a median growth of 378 percent.
About Deloitte’s 2017 Technology Fast 500™
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 2013 to 2016.
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, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
Xevo Inc. is a trusted Tier-1 automotive software supplier deployed in millions of vehicles worldwide. Xevo solutions for cloud, car, and mobile devices leverage computer vision, machine learning, and data analytics to continuously create, test, and deploy new AI models that improve performance, safety, and driver experiences. Xevo’s Journeyware suite of automotive products seamlessly connects drivers and their vehicles to mobile applications, content and services. Xevo technology is licensed in vehicle systems worldwide to several of the world’s largest automotive manufacturers. For more information, visit www.xevo.com.
Copyright © 2017 Xevo Inc. All rights reserved. The marks Xevo and Journeyware are owned by Xevo Inc. and may be registered. All other trade, brands, names, logos, and marks are the property of their respective owners.
SOURCE Xevo Inc.