Deloitte & Touche has ranked Convergent Dental 77th on its Technology Fast 500 list of the fastest growing technology, media, telecommunications, life sciences, and energy technology companies in North America, noting Convergent’s 2002% growth rate from 2013 to 2016. Overall, companies on the list saw revenue growth ranging from 135% to 59,093% in that time with median growth of 380%.
“We’re thrilled to be ranked as one of the top 100 growing technology companies in North America and ranked second in the medical device category. There is no doubt that the Solea laser is revolutionizing dentistry by taking the shot, the drill, and the scalpel out of the patient experience,” said Michael Cataldo, Convergent Dental’s chief executive officer.
“The real engine behind our growth is our commitment to customer success with Solea. Today’s customer satisfaction is the best indicator of future sales, so by making sure that every customer sees the practice growth and patient experience we promise with Solea, we enable the kind of growth we are experiencing today and into the future,” Cataldo said.
Companies must own proprietary intellectual property of technology sold to customers in products that contribute to most of the company’s operating revenues to be considered for the list. Companies also must have base-year operating revenues of at least $50,000 and current-year operating revenues of at least $5 million. Plus, companies must have been in business for at least four years and headquartered in North America. Companies were selected based on percentage fiscal year revenue growth from 2013 to 2016.
“The Deloitte 2017 North America Technology Fast 500 winners underscore the impact of technological innovation and world class customer service in driving growth in a fiercely competitive environment,” said Sandra Shirai, vice chair of Deloitte Consulting and US technology, media, and telecommunications leader.
“These companies are on the cutting edge and are transforming the way we do business. We extend our sincere congratulations to all the winners for achieving remarkable growth while delivering new services and experiences for their customers,” Shirai said.
“Emerging growth companies are powering innovation in the broader economy,” said Heather Gates, national managing director of Deloitte & Touche’s emerging growth company practice. “The growth rates delivered by the companies on this year’s North America Technology Fast 500 ranking are a bright spot for the capital markets and a strong indicator that the emerging growth technology sector will continue to deliver a strong return on investment.”
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