Market Leader’s High Growth Attributed to the App Economy and the Digital Transformation of Businesses in Every Industry
Nov. 13, 2013 – Apigee today announced it was named to Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Companies are selected for the prestigious Technology Fast 500 based on the percentage of fiscal year revenue growth from 2008 to 2012.
In response to increasing demand among enterprises to engage with customers through mobile apps, Apigee grew 7,295 percent from 2008 to 2012. Overall, 2013 Technology Fast 500 companies achieved revenue growth ranging from 137 percent to 208,897 percent from 2008 to 2012, with an average growth of 2,600 percent.
Apigee has experienced high growth and explosive demand for its digital business platform, which empowers organizations to use apps, data and APIs to become leaders in the mobile world. With a significant and growing global presence, Apigee customers represent 20 percent of the Fortune 100 and over 10 percent of the Global 100, including Walgreens, GM/OnStar and eBay.
“To remain relevant today, all businesses need to deliver rich and integrated brand experiences through mobile apps, and we are partnering with many of the world’s leading companies on this journey,” said Chet Kapoor, chief executive officer of Apigee. “Coupling the demand for digital strategy with our expertise in apps, data and APIs, Apigee has experienced exponential growth over the past five years – landing us a spot on the Deloitte Technology Fast 500 – and we anticipate this will drive our continued high growth for the next five years and beyond.”
Technology Fast 500 Ranking Parallels Recent Growth and Milestones
At the start of 2013, Apigee announced 20 percent year-over-year growth and 90 percent year-over-year employee growth, and the trajectory continues. In the past year, Apigee expanded into new markets with offices in London, Australia and Washington D.C. and grew headcount to more than 400 employees worldwide. In July 2013, Apigee closed a $35 million round of financing led by a new investment from a fund under management by a subsidiary of BlackRock, Inc (NYSE: BLK), with global consulting, technology and outsourcing company Accenture (NYSE: ACN) also participating as a new investor.
This year, Apigee also launched the Apigee Institute, a research and strategy organization formed to help Global 2000 companies extend their leadership in today's app economy. Earlier this month, the company celebrated a major milestone with the launch of its first user conference, I Love APIs, which was sold out with nearly 1,000 attendees.
About Deloitte’s 2013 Technology Fast 500™
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 2008 to 2012.
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.
Apigee enables enterprises and developers to succeed in a dynamic, connected mobile world. The company's offerings – Edge (formerly named Apigee Enterprise), Insights and Apigee API Exchange – help businesses quickly build high-performing, end-to-end mobile platforms with apps, data and APIs. Apigee customers include global enterprises such as Walgreens, eBay, Shell, Live Nation, Bechtel, Marks & Spencer and Vodafone. The company's headquarters are in Palo Alto, California. To learn more, go to www.apigee.com.
# # #
Apigee is a registered trademark in the U.S. Other product or company names mentioned may be trademarks or trade names of their respective companies.