Velocity Ranked Number 421st Fastest Growing Technology Company on the Deloitte Technology
01/19/2017

Velocity Sotware Solutions delightedly announced its 421nd position on the Deloitte Technology Fast 500TM Asia Pacific 2016 in the fastest growing companies

Online PR News – 19-January-2017 – Noida-Uttar Pradesh – Attributes its 120% Percent Revenue Growth to the quality service coupled with constant innovation at work which has helped get repeat business revenue of more than 70%. It shows the confidence of the clients in the company and the quality of the team members.

Noida, India, 22nd December - Velocity Software Solutions today announced that it ranked Number 421 on the Deloitte Technology Fast 500TM Asia Pacific 2016, a ranking of the 500 fastest growing technology companies in Asia Pacific. Rankings are based on percentage revenue growth over three years.

Velocity grew at the rate of 120% percent during this period.

Velocity’s CEO, Manish Kumar Agarwal, credits the joined efforts of the diligent, goal-focused team and factors like strict adherence to client’s deadline, competitive prices, adoption of latest technologies and standards, and complete focus on client’s expectations with the company’s 120% revenue growth over the past three years. He said, "Velocity has been constantly growing over years and this award is just a reflection of that. The market has been competitive and challenging but we have been able to row in the right direction. We are looking forward to improve our growth next year."

"Making the Deloitte Technology Fast 500TM is commendable in today’s highly competitive technology industry," said Toshifumi Kusunoki, DTTL Leader, Deloitte Technology Fast 500TM Asia Pacific program. "We congratulate Velocity Software Solutions on being one of the 500 fastest growing technology companies in the region."

Overall, companies that ranked on the Deloitte Technology Fast 500TM Asia Pacific 2016 program had an average growth rate of 573 percent—the highest average growth rate since 2008.

Deloitte Technology Fast 500TM Asia Pacific selection and qualifications The Technology Fast 500TM list is compiled from the Deloitte Asia Pacific Technology Fast 50 programs, nominations submitted directly to the Technology Fast 500TM, and public company database research. To qualify for the Technology Fast 500TM, entrants must have had base-year operating revenues of at least US$ 50,000. Entrants must also be public or private companies headquartered in Asia Pacific and must be a “technology company,” defined as a company that develops or owns proprietary technology that contributes to a significant portion of the company's operating revenues; or manufactures a technology-related product; or devotes a high percentage of effort to the research and development of technology. Using other companies' technology in a unique way does not qualify.

About Velocity Software Solutions Velocity is a well known name in the field of website development, search engine optimization, social media marketing, eCommerce web development, mobile SEO, SharePoint web development and customization, eCommerce services and much more. The company has an impressive track record of providing excellent eCommerce services to its domestic as well as international clients at the most competent price.

About Deloitte “Deloitte” is the brand under which tens of thousands of dedicated professionals in independent firms throughout the world collaborate to provide audit, consulting, financial advisory, risk advisory, tax and related services to select clients.