GTT Named on Deloitte’s 2019 Technology Fast 500™ List of Companies
November 14 2019 - 8:00AM
Business Wire
GTT Communications, Inc. (NYSE: GTT), a leading global cloud
networking provider to multinational clients, today announced that
it is among the fastest growing companies listed on the 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. GTT revenue
grew 304 percent from 2015 to 2018, earning a ranking of 333rd, and
has previously ranked as a Technology Fast 500™ award winner in
both 2017 and 2015.
“GTT’s exponential growth has been driven by a series of
strategic acquisitions resulting in an industry-leading global IP
network with substantial scale, differentiated portfolio of cloud
networking services, deep roster of marquee clients and talented
team of employees, and we are proud to be recognized as a 2019
Technology Fast 500 winner,” stated Rick Calder, GTT president and
CEO. “As the company focuses on organic revenue growth, these
unique assets and capabilities position us perfectly to deliver on
our purpose of connecting people across organizations, around the
world and to every application in the cloud.”
According to the Center for Applied Internet Data Analysis
(CAIDA), GTT’s worldwide ranking as an internet service provider
has ascended to number three in the industry.1
“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.”
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 $50,000, and current-year operating
revenues of at least $5 million. Additionally, companies must be in
business for a minimum of four years and be headquartered within
North America.
About GTT
GTT connects people across organizations, around the world and
to every application in the cloud. Our clients benefit from an
outstanding service experience built on our core values of
simplicity, speed and agility. GTT owns and operates a global Tier
1 internet network and provides a comprehensive suite of cloud
networking services. For more information on GTT (NYSE: GTT),
please visit www.gtt.net.
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 to learn more about our
global network of member firms.
1 Based CAIDA's ranking of autonomous systems (AS) which
approximately map to internet service providers and organizations
(which are a collection of one or more ASes). This ranking is
derived from topological data collected by CAIDA's Archipelago
Measurement Infrastructure and Border Gateway Protocol
(BGP) routing data, collected by the Route Views
Project and RIPE NCC.
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version on businesswire.com: https://www.businesswire.com/news/home/20191114005089/en/
GTT Investor Relations: Carolyn Capaccio/Jody Burfening,
LHA +1-212-838-3777 ccapaccio@lhai.com
GTT Media Inquiries: Marion Janic, RooneyPartners
+1-212-223-4017 mjanic@rooneyco.com
Bob Cavosi, RooneyPartners +1-646-638-9891
rcavosi@rooneyco.com
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