MeetMe, Inc. Ranked among the Fastest Growing Companies in North America on Deloitte’s 2015 Technology Fast 500™
November 16 2015 - 9:00AM
Business Wire
Attributes 319% Percent Revenue Growth to New App Features,
Increased Chat, and Increased Daily Active Users
MeetMe, Inc. today announced it has been named to Deloitte’s
Technology Fast 500™, a ranking of the 500 fastest growing
technology, media, telecommunications, life sciences and energy
tech companies in North America. Rankings are based on five-year
revenue growth. MeetMe grew approximately 319% percent during this
period.
Geoff Cook, MeetMe’s CEO, said, “We are honored to be recognized
as one of Deloitte’s Technology Fast 500™ for the fifth consecutive
year, an accomplishment for the entire MeetMe team. We believe our
revenue growth of approximately 319% during the five-year
measurement period is a testament to the success of the new and
enhanced features that have helped us to increase chat usage,
customer engagement, and Daily Active Users. Additionally, over the
past year we have optimized our industry-leading mobile
monetization engine growing mobile revenue 73% year-over-year from
Q3 2014 to Q3 2015 and will continue our focus on increasing daily
active users and monetizing that growth.”
“Amid a fierce business climate, there seems to be no shortage
of new and established companies that are unlocking a seemingly
unlimited potential for growth and advancement through technology’s
continued disruption and proliferation across industries,” said
Sandra Shirai, principal, Deloitte Consulting LLP and U.S.
technology, media and telecommunications leader. “It is inspiring
to witness the innovative ways that companies are incorporating
emerging technologies for business gains, be it cognitive
computing, or the Internet of Things. We congratulate all those
ranked on this year’s Fast 500 and look forward to seeing their
continued growth into 2016.”
“Through the efforts and utilization of new and emerging
technologies from these companies, we are witnessing greater
business demands from across almost all industries,” added Jim
Atwell, national managing partner of the emerging company practice,
Deloitte & Touche LLP. “We look forward to the opportunity to
serve these companies as they strive to grow to the next level – be
it towards introducing new solutions or entering new markets –
and with it make important and long lasting impressions on the
technology market as a whole.”
About Deloitte’s 2015 Technology Fast 500™
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 2011 to 2014.
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 four years and be
headquartered within North America.
About MeetMe, Inc.
MeetMe® is the leading social network for meeting new people in
the US and the public market leader for social discovery (NASDAQ:
MEET). MeetMe makes it easy to discover new people to chat with on
mobile devices. With approximately 80 percent of traffic coming
from mobile and more than one million total daily active users,
MeetMe is fast becoming the social gathering place for the mobile
generation. The company is a leader in mobile monetization with a
diverse revenue model comprising advertising, native advertising,
virtual currency, and subscription. MeetMe apps are available on
iPhone, iPad, and Android in multiple languages, including English,
Spanish, Portuguese, French, Italian, German, Chinese (Traditional
and Simplified), Russian, Japanese, Dutch, Turkish and Korean. For
more information, please visit meetmecorp.com.
Forward-Looking Statements
Certain statements in this press release are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, including our future rate of growth and whether
we will remain one of the fastest growing technology companies,
whether our five-year revenue growth is a testament to the success
of our new and enhanced features, whether revenue, chat usage,
customer engagement, and Daily Active Users will increase in the
future and if so at what rate for each, whether our mobile
monetization engine will remain industry leading and grow mobile
revenue, whether we will be successful in continuing our focus on
increasing daily active users and monetizing that growth, and
whether we will continue our growth into 2016. All statements other
than statements of historical facts contained herein are
forward-looking statements. The words “believe,” “may,” “estimate,”
“continue,” “anticipate,” “intend,” “should,” “plan,” “could,”
“target,” “potential,” “project,” “is likely,” “expect” and similar
expressions, as they relate to us, are intended to identify
forward-looking statements. We have based these forward-looking
statements largely on our current expectations and projections
about future events and financial trends that we believe may affect
our financial condition, results of operations, business strategy
and financial needs. Important factors that could cause actual
results to differ from those in the forward-looking statements
include the risk that our applications will not function easily or
otherwise as anticipated, the risk that we will not launch
additional features and upgrades as anticipated, the risk that
unanticipated events affect the functionality of our applications
with popular mobile operating systems, any changes in such
operating systems that degrade our mobile applications’
functionality and other unexpected issues which could adversely
affect usage on mobile devices. Further information on our risk
factors is contained in our filings with the Securities and
Exchange Commission (“SEC”), including the Form 10-K for the year
ended December 31, 2014 and the Current Report on Form 8-K filed
with the SEC on June 3, 2015. Any forward-looking statement made by
us herein speaks only as of the date on which it is made. Factors
or events that could cause our actual results to differ may emerge
from time to time, and it is not possible for us to predict all of
them. We undertake no obligation to publicly update any
forward-looking statement, whether as a result of new information,
future developments or otherwise, except as may be required by
law.
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version on businesswire.com: http://www.businesswire.com/news/home/20151116005312/en/
for MeetMe, Inc.Jeannine Jacobi,
323-903-7063jeannine@freshpr.net
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