Rootstock Software Ranked Number 414 Fastest-Growing Company in North America on Deloitte’s 2020 Technology Fast 500™
Attributes 227% Revenue Growth to Two Factors: Increased Need for Rootstock Cloud ERP Among Manufacturers and Rootstock’s Dedication to Customer Success
San Ramon, CA (November 18, 2020) — Rootstock Software, a leading provider of cloud Enterprise Resource Planning (ERP) solutions, today announced it ranked No. 414 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and energy tech companies in North America now in its 26th year. Rootstock grew 227% during this period.
Rootstock’s chief executive officer, Pat Garrehy, credits the company’s 227% revenue growth to an increased need among manufacturers, distributors, and supply chain organizations to move from outdated legacy systems to Rootstock’s modern Cloud ERP solution. He said, “Our customers represent a variety of innovative companies, each with a unique blend of business and industry requirements. Our Cloud ERP is flexible; companies can configure it to meet their needs and quickly adapt to changing market conditions. Our ERP also offers connectivity to support remote work during COVID-19 and beyond. We’re particularly thankful to our employees. We could not have achieved this level of growth without their tireless dedication to fostering customer success with every implementation.”
“For more than 25 years, we’ve been honoring companies that define the cutting edge and this year’s Technology Fast 500 list is proof positive that technology — from software and digital media platforms, to biotech — truly does permeate so many facets of our lives,” said Paul Silverglate, vice chairman, Deloitte LLP and U.S. technology sector leader. “We congratulate this year’s winners, especially during a time when innovation is needed more than ever to address the monumental challenges posed by the pandemic.”
“Each year the Technology Fast 500 listing validates how important technology innovation is to our daily lives. It was interesting to see this year that while software companies continued to dominate, biotech companies rose to the top of the winners list for the first time, demonstrating that new categories of innovation are accelerating in the pursuit of making life easier, safer and more productive,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and industry leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “We extend sincere congratulations to these well-deserved winners — who all embody a spirit of curiosity, and a never-ending commitment to making technology advancements possible.”
About Deloitte’s 2020 Technology Fast 500™
Now in its 26th year, Deloitte’s Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2016 to 2019.
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 $US50,000, and current-year operating revenues of at least $US5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
About Rootstock
Rootstock Software is a worldwide provider of cloud ERP on the Salesforce Platform. When combined with Salesforce CRM, Rootstock Cloud ERP offers manufacturing, distribution, and supply chain organizations a single platform to grow and manage their businesses. Rootstock Cloud ERP is a flexible, modern, and digitally connected system that transforms companies to deliver a more personalized customer experience, efficiently scale operations, and out-service the competition.
About Deloitte
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