EASi Ranked Number 174th Fastest Growing Company in North America on Deloitte’s 2011 Technology Fast 500™
Equity Administration Solutions, Inc. (EASi), today announced it ranked No. 174 on Deloitte’s Technology Fast500™, ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. The advantages of recurring revenue from its Software as a Service model along with strong new client growth and higher revenue per client, contributed to EASi’s stellar growth. EASi’s GAAP revenue grew 553 percent from 2006 to 2010.
“Managing equity compensation is fraught with risk, exposure and manual processes that we help our clients navigate, "said Carine Schneider, EASi’s Chief Executive Officer. “EASi’s growth continues to accelerate because we are solving increasingly complex regulatory, compliance, administration and tax challenges for the largest US issuer companies. The innovation and automation we bring to stock plan recordkeeping, accounting and reporting keeps our solution in high demand.”
“EASi, like all 2011 Technology Fast 500™ companies, have excelled in fostering innovation and channeling it into spectacular growth -- against the backdrop of one of the most challenging economies in history,” said Eric Openshaw, vice chairman and U.S. technology, media and telecommunications leader, Deloitte LLP. "Deloitte recognizes EASi for its remarkable accomplishment.
“We are pleased to honor EASi as a 2011 Technology Fast 500 company,” said Mark Jensen, managing partner, technology and venture capital services, Deloitte & Touche LLP. “As one of the fastest growing tech companies in North America, EASi has demonstrated excellence in technological innovation, entrepreneurship and rapid growth.”
In 2010 Inc. Magazine ranked EASi 35th in the Financial Services industry segment and in the top 12% on Inc. Magazine’s annual list of fastest growing private companies in America.
About Deloitte’s 2011 Technology Fast 500™
Technology Fast 500, which was conducted by Deloitte & Touche LLP, a subsidiary of 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 2006 to 2010. 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.