A group of employees in a meeting at Signal's office in Chicago.
Deloitte, the New York-based financial services firm, just released it’s 2015 Technology Fast 500 Ranking, which lists the 500 fastest growing technology, life sciences, energy tech, and media companies in North America.
Of those 500 companies, 11 Chicagoland representatives reported a revenue spike large enough to secure a spot on the ranking.
In total, over half of the Chicagoland representatives on the list were software companies. The highest ranking (and fastest growing) Chicago tech company on the list was Signal, whose growth was mammoth enough to slingshot the company to the 11th spot on the list. The company, whose software helps corral real-time consumer data for marketers, saw a 5,241 percent growth in revenue.
"Signal is honored to be recognized as one of the fastest-growing tech companies," said Mike Sands, CEO, Signal, in a statement. "Our company is growing quickly because we are solving a critical, global need for marketers today: the need to engage with their customers in the right place, with the right message, in real time, and at scale. This recognition on the Technology Fast 500 list underscores our success in helping brands and publishers achieve true, people-based marketing."
At number 21 Sprout Social, another Chicago-based software company, reported a 3,966 percent growth, according to the ranking. Sprout Social offers a suite of products for social media management, analytics, and employee advocacy.
ContextMedia reported revenue growth of upward of 450 percent, which landed the digital content company at the 175th spot.
SMS Assist (282 percent growth), Rise Interactive (273 percent growth), and Valence Health (246 percent growth) all narrowly missed landing in the top half of companies represented. Gogo, a Wi-Fi provider on flights the world over, rounded out the list at spot number 404.
And it wasn’t just companies in downtown Chicago that’ve grown enough to warrant inclusion on the list. Deerfield’s Textura and Lake Forest’s biotech company, Akorn, both indicated enough growth (499 percent and 333 percent, respectively) to nab a spot on the top half of the list. Two other companies based out of the suburbs (Paylocity and L2T Media) were also featured on the list.
Companies were selected based on percentage fiscal year revenue growth between 2011 and 2014 and includes both private and public companies. Private companies could opt in and submit their revenue numbers, while public companies had data collected through Deloitte LLP research.
Photo via Signal.