Friday, 13 November 2015

LDiscovery Ranked Number 422 Fastest Growing Company in North America on Deloitte’s 2015 Technology Fast 500™

Attributes 148 Percent Revenue Growth to Client Service and Innovative Solutions that Help Clients Reduce Costs at Every Stage of eDiscovery

McLEAN, Va. – November 13, 2015 — LDiscovery, LLC, a leading provider of eDiscovery and Information Governance solutions, today announced it ranked No. 422 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. LDiscovery grew 148 percent during this period.

Chris Weiler, LDiscovery’s Chief Executive Officer and President, attributes the company’s success to a combination of factors. “First and foremost, this growth would not be possible without the hard work and dedication of our employees who are committed to exceeding our clients’ expectations through outstanding service and the development of innovative technology that help our clients reduce costs at every stage of eDiscovery,” said Mr. Weiler. “Over the past three years, LDiscovery has also transformed itself through a series of mergers and acquisitions with AlphaLit, RenewData, FlashData Solutions, Turnstone Solutions, Credence and CopySecure to offer clients true end-to-end Information Governance and eDiscovery solutions.”

“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.”

This is the fourth year in a row LDiscovery has been ranked as a Technology Fast 500™ award winner.

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.

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.