Allied Motion recognized as one of the fastest growing technology companies in North America – Attributes 125% revenue growth to both new product-driven organic growth and strategic acquisition growth
Allied Motion Technologies Inc. (NASDAQ:AMOT), a global designer and manufacturer of motion control products, today announced it ranked 465 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. Allied Motion’s revenue grew 125 percent from 2011 through 2014.
Allied Motion’s Chairman and Chief Executive Officer, Richard S. Warzala, credits Allied’s growth to the Company’s progressive efforts to continually develop new and innovative motion control products which serve its expanding customer base combined with the Company’s strategy to acquire businesses that extend Allied’s product offering or serves new markets and customers.
Mr. Warzala noted, “Allied Motion provides motion solutions that change the game for our customers by offering them products that provide incremental value, which, in turn, enhances their value proposition for their customers.”
“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.”
Overall, 2015 Technology Fast 500™ companies achieved revenue growth ranging from 109 percent to 21,984 percent from 2011 to 2014, with an average growth of 850 percent.