NEW YORK, Nov. 7, 2019 /PRNewswire/ -- Ideanomics
(NASDAQ: IDEX) today announced it ranked #11 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 25th year.
"This year marks the 25th anniversary of Deloitte's
Technology Fast 500, so we are especially pleased to announce and
congratulate the 2019 winners," said Sandra
Shirai, vice chairman, Deloitte LLP, and U.S. technology,
media and telecommunications leader. "Once again, we saw innovation
across the board, with software companies continuing their
dominance of the top ten. It's always inspiring to see how the Fast
500 companies are transforming business and the world we live and
work in."
"As technology innovation trends towards 'everything as a
service,' it's no surprise that software companies dominate the
winners list yet again this year," said Mohana Dissanayake, partner, Deloitte &
Touche LLP, and industry leader for technology, media and
telecommunications, within Deloitte's audit and assurance practice.
"What's exciting about celebrating 25 years of the Tech Fast 500 is
we now have a quarter century of innovation stories to draw and
reflect upon. These are the companies that push boundaries, help
organizations become more efficient and productive, and ultimately
enable businesses to drive growth and revenue. We congratulate all
the well-deserving winners."
Overall, 2019 Technology Fast 500™ companies achieved revenue
growth ranging from 166 percent to 37,458 percent from 2015 to
2018, with median growth of 439 percent.
About Deloitte's 2019 Technology Fast 500™
Now in its
25th 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 2015 to
2018.
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 Deloitte
Deloitte refers to one or more of
Deloitte Touche Tohmatsu Limited, a UK private company limited by
guarantee ("DTTL"), its network of member firms, and their related
entities. DTTL and each of its member firms are legally separate
and independent entities. DTTL (also referred to as "Deloitte
Global") does not provide services to clients. In the United States, Deloitte refers to one or
more of the US member firms of DTTL, their related entities that
operate using the "Deloitte" name in the
United States and their respective affiliates. Certain
services may not be available to attest clients under the rules and
regulations of public accounting. Please see www.deloitte.com/about
to learn more about our global network of member firms.
About Ideanomics
Ideanomics is a global Financial
Technology (Fintech) company for transformative industries.
Ideanomics combines deal origination and enablement with the
application of technologies such as artificial intelligence,
blockchain, and others as part of the next- generation of smart
financial services. Our projects in New Energy Vehicle markets,
Fintech, and advisory services provide our customers and partners
better efficiencies, technologies, and access to global
markets.
Ideanomics, through its investments, along with its partners
curate innovation around the globe through hubs and centers that
foster a pipeline of technological excellence in cleantech,
fintech, tradetech, agritech, regtech, insuretech, playtech,
healthtech, cyber security, and more.
The company is headquartered in New
York, NY, and has offices in Beijing, China. It also has a planned global
center for Technology and Innovation in West Hartford, CT, named Fintech Village.
Safe Harbor Statement
This press release contains
certain statements that may include "forward looking statements".
All statements other than statements of historical fact included
herein are "forward-looking statements." These forward-looking
statements are often identified by the use of forward-looking
terminology such as "believes," "expects" or similar expressions,
involve known and unknown risks and uncertainties, and include
statements regarding our intention to transition our business model
to become a next-generation financial technology company, our
business strategy and planned product offerings, our intention to
phase out our oil trading and consumer electronics businesses, and
potential future financial results. Although the Company believes
that the expectations reflected in such forward-looking statements
are reasonable, they do involve assumptions, risks and
uncertainties, and these expectations may prove to be incorrect.
You should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
The Company's actual results could differ materially from those
anticipated in these forward-looking statements as a result of a
variety of risks and uncertainties, such as risks related to: our
ability to continue as a going concern; our ability to raise
additional financing to meet our business requirements; the
transformation of our business model; fluctuations in our operating
results; strain to our personnel management, financial systems and
other resources as we grow our business; our ability to attract and
retain key employees and senior management; competitive pressure;
our international operations; and other risks and uncertainties
disclosed under the sections entitled "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and
Results of Operations" in our most recent Form 10-K and Form 10-Q
filed with the Securities and Exchange Commission, and similar
disclosures in subsequent reports filed with the SEC, which are
available on the SEC website at www.sec.gov. All forward-looking
statements attributable to the Company or persons acting on its
behalf are expressly qualified in their entirety by these risk
factors. Other than as required under the securities laws, the
Company does not assume a duty to update these
forward-looking statements.
Investor Relations and Media Contact
Tony Sklar, VP of Communications
55 Broadway, 19th Floor New York, New York 10006
Email: ir@ideanomics.com
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