Attributes Revenue Growth to its Disruptive SaaS Treasury & Risk Management Solution
New York – Reval, a global leader in Software-as-a-Service (SaaS) for Treasury & Risk Management (TRM), announced today that it once again placed 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. It is the sixth consecutive year Reval made the list.
“It is quite an achievement to earn a place on the Technology Fast 500 for six years in a row,” says Reval CEO and Co-founder Jiro Okochi. “I am proud of our team and our accomplishments, especially over the past few years, blazing the trail for treasury and risk management to be offered together on a common SaaS platform. Our growth demonstrates the transformation that is happening in corporate treasury as companies abandon their legacy systems in favor of our all-in-one SaaS offering. Also, because Reval’s SaaS TRM is scalable, we are finding an increasing number of first-time buyers coming into the market that have chosen Reval to help them operationalize their treasury organizations.”
Reval introduced the industry’s first all-in-one SaaS solution for TRM in 2011, creating a new technology category in the corporate treasury space. Its single-version, multi-tenant SaaS solution integrating financial risk management and hedge accounting also integrates cash and liquidity management for a broader, enterprise offering.
About Deloitte’s 2014 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 2009 to 2013.
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.