News & Media
Attributes 196 Percent Revenue Growth to Scalable Low-Code Technology and Commitment to Customer Success
Ft. Lauderdale FL, November 09, 2017— Beesion today announced it ranked #403 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Beesion grew 196 percent during the period of 2013-2016.
Beesion’s chief executive officer, Omar Merchan, credits the transformative power of its low-code technology and its global commitment to customer success with the company’s 196% revenue growth.
“Telecom companies need to innovate fast – especially with 5G on the horizon – but they are bound to software that’s slow to deploy and hard to update. Our global teams can customize solutions in months, not years, because our low-code software requires little to no hand coding.” Omar Merchan, Beesion CEO.
“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.”
Beesion, with offices in Latin America, Europe and the United States, is the pioneer of low-code telecom software. It offers more than 30 low-code software applications and solutions to help Communication Service Providers (CSPs) manage, monetize, and monitor their products and services. Beesion’s software requires little to no hand coding and is launched, supported and expanded up to 5x faster than traditional software.
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.
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