NY: Clever Devices Ranked as one of the 500 Fastest Growing Technology Companies in North America on Deloitte’s 2013 Technology Fast 500

Clever Devices announced Nov. 14 it has ranked as one of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America on Deloitte’s Technology Fast 500.

"We are proud of this recognition, which we believe is a result of our relentless focus on customer satisfaction,” said Frank Ingrassia, president and CEO of Clever Devices. “More than 300 transit systems in North America use transit technology from Clever Devices, and, as their technology partner, our commitment is to provide them with the highest quality and most advanced products and services in the industry.”

“The 2013 Deloitte Technology Fast 500 companies are exemplary cases of those spurring growth in a tough market through innovation,” said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications leader.  “This year’s list is a who’s who of companies behind the most exciting and innovative products and services in the technology space. We congratulate the Fast 500 companies and look forward to what they do next.”

“The fastest growing companies in the US are drivers of constant innovation and operate with the agility to stay ahead of a quickly evolving marketplace, and software, biotech/pharma and internet companies continue to be at the forefront,” added James Atwell, national managing partner of the Emerging Growth Co. practice, Deloitte Services LP. “The companies excelling in these sectors have a startup mentality that allows them to be nimble and adapt quickly, which is why they consistently lead the list of fast-growing companies each year.”

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.