MCLEAN, Va.–(BUSINESS WIRE)–GTT Communications, Inc. (NYSE: GTT), a leading global cloud networking provider to multinational clients, today announced that it is among the fastest growing companies listed on the Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America, now in its 25th year. GTT revenue grew 304 percent from 2015 to 2018, earning a ranking of 333rd, and has previously ranked as a Technology Fast 500™ award winner in both 2017 and 2015.
“GTT’s exponential growth has been driven by a series of strategic acquisitions resulting in an industry-leading global IP network with substantial scale, differentiated portfolio of cloud networking services, deep roster of marquee clients and talented team of employees, and we are proud to be recognized as a 2019 Technology Fast 500 winner,” stated Rick Calder, GTT president and CEO. “As the company focuses on organic revenue growth, these unique assets and capabilities position us perfectly to deliver on our purpose of connecting people across organizations, around the world and to every application in the cloud.”
According to the Center for Applied Internet Data Analysis (CAIDA), GTT’s worldwide ranking as an internet service provider has ascended to number three in the industry.1
“This year marks the 25th anniversary of Deloitte’s Technology Fast 500, so we are especially pleased to announce and congratulate the 2019 winners,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “Once again, we saw innovation across the board, with software companies continuing their dominance of the top ten. It’s always inspiring to see how the Fast 500 companies are transforming business and the world we live and work in.”
“As technology innovation trends towards ‘everything as a service,’ it’s no surprise that software companies dominate the winners list yet again this year,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and industry leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “What’s exciting about celebrating 25 years of the Tech Fast 500 is we now have a quarter century of innovation stories to draw and reflect upon. These are the companies that push boundaries, help organizations become more efficient and productive, and ultimately enable businesses to drive growth and revenue. We congratulate all the well-deserving winners.”
Now in its 25th 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 2015 to 2018.
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, and current-year operating revenues of at least $5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
GTT connects people across organizations, around the world and to every application in the cloud. Our clients benefit from an outstanding service experience built on our core values of simplicity, speed and agility. GTT owns and operates a global Tier 1 internet network and provides a comprehensive suite of cloud networking services. For more information on GTT (NYSE: GTT), please visit www.gtt.net.
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 to learn more about our global network of member firms.
1 Based CAIDA’s ranking of autonomous systems (AS) which approximately map to internet service providers and organizations (which are a collection of one or more ASes). This ranking is derived from topological data collected by CAIDA’s Archipelago Measurement Infrastructure and Border Gateway Protocol (BGP) routing data, collected by the Route Views Project and RIPE NCC.
GTT Investor Relations:
Carolyn Capaccio/Jody Burfening, LHA
GTT Media Inquiries:
Marion Janic, RooneyPartners
Bob Cavosi, RooneyPartners