New York, November 18, 2013 – Reval, a leading global provider of comprehensive and integrated Software-as-a-Service solutions for Treasury and Risk Management (TRM), announced today that it ranked 303 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. This ranking represents growth of 284 percent over a five-year period and is Reval’s fifth consecutive year ranking on Deloitte’s Technology Fast 500™.
Reval Chief Executive Officer and Co-founder Jiro Okochi credits the company’s revenue growth to a combination of transformative factors in treasury and its SaaS-based delivery of a comprehensive and integrated TRM solution that meets the needs of large, complex global companies. “Financial risk management is now a central consideration to treasury organizations around the world, which need to manage risk holistically, along side its day to day cash and liquidity planning,” Okochi says. Reval, founded in 1999, came to market in 2001 with a one-to-many Software-as-a-Service solution to help large, global companies manage their financial risk. In 2011, the company expanded its offering to include cash and liquidity management on the same SaaS platform. In only two years, Reval has garnered over 50 SaaS TRM clients using both cash and risk on the same platform. Reval has over 575 clients in more than 25 countries.
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.
About Deloitte’s 2013 Technology Fast 500™
Technology Fast 500, conducted by 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 2008 to 2012.
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