San Jose, California, Oct 9, 2009: Simplion Wins Another Fast Private Award
Simplion Technologies once again garners the Fast Private award from Silicon Valley/San Jose Business Journal this year. It is an annual accolade given to companies who have shown significant growth revenue within the previous three years. This is the second consecutive time that Simplion was honored with such an award.
In 2008, Simplion was ranked number 4 out of 50 private companies that were chosen for the Fast Private. The company showed a major growth rate of 800.44 % from 2005 to 2007. This year, the company is listed at number 22 out of 70 recipients. Within the required three-year assessment period, Simplion pushed up its revenue growth rate by 146.29%. Its status as one of the fastest growing technology consulting and outsourcing companies today proves the company’s continuing commitment to its mission and core values.
The Silicon Valley/San Jose Business Journal said that the number of this year’s Fast Private awardees was the largest so far since the tech bubble burst at the start of the millennium. All the 70 companies included in the 2009 list expanded their revenue by at least 30%. The addition of 20 more companies to last year’s ranks reveals a clear sign that the information technology industry is on a progressively upward trend.