Deloitte unveiled the 2013 Technology Fast 500™ Awards, and ranked Innovolt® Inc., a provider of intelligent asset management technology, as No. 29. The Fast 500™ recognizes the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America.
“Thanks to our team of highly innovative and progressive employees, Innovolt has seen immense growth since our 2006 inception,” said Jim Mitropoulos, Innovolt CEO, in a prepared statement. “The hard work of our team, combined with the vast need for a technology that protects and extends the life of valuable electronics from power and environmental disturbances, has made for a highly successful few years for Innovolt.”
Since 2006, Innovolt’s technology has proven to decrease costs associated with equipment downtime through its electronics management solution.
Due to the great need for this technology, Innovolt grew 8,234 percent during the period of 2008 to 2012. The foundation of Innovolt’s technology solutions consists of Innovolt ROC™ and the Innovolt management cloud. Innovolt’s remote optimization and control technology safeguards often-sensitive equipment from disturbances, while the cloud platform allows for prediction, measurement and optimization of these essential assets.
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.