Geoforce Ranked Number 337 Fastest Growing Company in North America on Deloitte’s 2015 Technology Fast 500™
Attributes 191% Percent Revenue Growth to amazing team and customer centric focus.
Coppell TX, November 13, 2015 — Geoforce today announced it ranked 337 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. Geoforce grew 191 percent during this period.
Geoforce’s President & CEO, James MacLean III, credits the company’s amazing team and customer-centric focus with the company’s 191% revenue growth. He said, “We are honored to be on the Deloitte Fast 500 list again. We look forward to many more years of continued success as we help make field operations less chaotic by buildng the world’s largest network of connected oilfiled equipment.”
“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.”
Geoforce previously ranked 135 as a Technology Fast 500™ award winner for 2014.
About Deloitte’s 2015 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 2014.
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.
Geoforce doesn’t just sell to oil and gas. Geoforce is from oil and gas. Our founder, James MacLean III, was a wireline engineer and experienced firsthand the pain of not knowing where important field equipment was located. From that pain, Geoforce was born in 2007 with the simple belief that the chaos and pain of oilfield operations could be alleviated with technology.
Our solutions include efficient asset location and retrieval, rental invoice auditing, service delivery verification, inspection compliance, equipment maintenance alerts, and a host of others. Our customers include many of the international super major operating companies, most of the major international oilfield services companies, as well as hundreds of mid-size and regionally-focused oil and gas operators, service providers, and equipment rental companies.
Combining a cloud-based software platform with ruggedized GPS tracking devices, Geoforce’s Track and Trace solutions bring control to even the most remote field operations. Our asset tracking devices are built for the world’s toughest field operators in these industries: oil and gas, rail, construction, mining, transportation, government/defense, and agriculture. Today more than 1,300 customers track 150,000+ assets in almost 100 countries. Headquartered in Dallas, Texas, Geoforce operates a research and development office in Bozeman, Montana. Sales and support offices are maintained throughout the U.S. and in Brazil, Australia, and Canada.