Denver, CO, November 15, 2018 – Mersive Technologies, the leader in wireless content sharing and collaboration, today announced today announced it ranked 139 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. Mersive grew 806 percent during this period.
“Like many successful start-ups, Mersive’s dramatic growth is a function of matching market timing with the right product strategy,” said Mersive Technologies CEO Rob Balgley. “We have benefited greatly from the evolution of meeting culture which has moved from single threaded content sharing which results in presentation by default, to one where everyone can share content leading to improved collaboration and productivity. Mersive has distinguished itself in the market by combining a fun, easy-to-use application for meeting participants, with the kind of control, security and network support required by leading enterprises and higher-ed institutions.”
Overall, 2018 Technology Fast 500 companies achieved revenue growth ranging from 143 percent to 77,260 percent from 2014 to 2017, with median growth of 412 percent. The growth in coworking has helped transform Mersive into one of the most rapidly growing, and advanced in-room wireless collaboration platforms available.
Using Mersive’s technology, companies can better understand how meeting space is being used, and how their workforce interacts. With this insight, decision makers can predict space usage and workforce engagement trends that can have a real impact on budgeting and optimization. But, with the addition of predictive analytics in the AV industry, companies will be able to gain even deeper insights into meeting space usage spurring increased optimization, improved meeting efficiency, and workplace innovation.
“Our own research shows that meetings taking place in huddle spaces are 34 percent shorter and involve 22 percent more shared content than those in traditional conference rooms,” added Balgley. “This highly effective use of the work day is the very thing driving successful companies to seek out even better collaboration. And, we are already planning new capabilities like advanced analytics, automated insights, and meeting metrics to create even more value and ROI.”
About Deloitte’s 2018 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 2014 to 2017.
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.