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Newforma Named to Deloitte’s 2016 Technology Fast 500™
Manchester, NH — 21 November 2016 — (BUSINESS WIRE) — Newforma®, the leading provider of project information management software used by architecture and engineering firms collaborating on complex building and infrastructure projects, is pleased to announce it has ranked in the Deloitte Technology Fast 500™ for a third consecutive year. This ranking is for the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America (see Deloitte’s press release). Newforma grew 127 percent during this period, and is honored to be recognized by Deloitte for the third year in a row.
Ian Howell, Newforma’s CEO, credits the company’s growth and profitability to its proven software, hybrid approach to enterprise and cloud service technology and vertical focus on the AECO (architecture, engineering, construction and owner) market. Newforma’s project information management (PIM) solution provides unique value to some of the world’s most renowned design and construction companies delivering projects across the globe for the owners they serve.
“As the needs of our customers and the AECO industry continue to grow, Newforma has remained committed to developing a solution for the entire project team that empowers them with the collaboration platform they need to manage and share information, drive accountability, streamline work processes and communicate effectively,” said Howell. “Our year-over-year growth is a direct result of building upon our past experiences as well as harnessing the welcome and ongoing feedback we receive from our customers. We are excited to continue innovating in order to meet the changing business needs of our customers as the AECO industry evolves to address global urbanization, failing infrastructure and the development of emerging markets.”
About Deloitte’s 2016 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 2015.
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.
To date, Newforma has helped over 1,350 leading architecture and engineering firms working on more than 2.4 million complex building and infrastructure projects worldwide manage their project information. These projects encompass more than a billion emails and over 6.5 billion files. Typical projects involve hundreds of drawings, submittals, RFIs, and action items.
Newforma’s clients report saving countless hours, avoiding costly mistakes and litigation, as well as meeting their customers’ demands for faster responses and project completion.
Newforma’s software facilitates collaboration when architecture and engineering firms team up. Newforma users:
- File emails to a project as easily as dragging items to an email folder.
- Respond to RFIs, approve Submittals and assign action items using a single application.
- Quickly search and find critical items buried in large volumes of information generated by a project – regardless of where the information was stored.
- Rely on Newforma’s audit trail of who saw what and when.
© 2016 Newforma, Inc. Newforma is a registered trademark of Newforma, Inc., in the United States and in other countries. All other brands or products are trademarks or registered trademarks of their respective holders and should be treated as such.