Santa Monica, Calif., November 17, 2016 — SonoSim, Inc. today announced its ranking of No. 3 in the medical device category and No. 62 overall on Deloitte’s 2016 Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences, and energy tech companies in North America. SonoSim, Inc., a leading provider of ultrasound education and simulation, received this accolade due to their revenue growth of 1,579 percent over a three-year period (2012 to 2015).
SonoSim, Inc. credits the company’s outstanding revenue growth to the transformative power of bedside ultrasound and the increasing demand for a scalable ultrasound training solution. The company also cites its mission-driven ethos, passionate staff, unique patented technologies, and strategic partnerships, as keys to its success.
“We are thrilled to be part of the illustrious Fast 500 community of companies,” said Koren Shelton Bertolli, Chief Operating Officer of SonoSim, Inc. “Ranking in the top three in the medical device/technology category is a tribute to the hard work and commitment of the SonoSim team. This award reinforces SonoSim’s commitment towards improving and transforming medical care by serving as a global leader in ultrasound education and training.”
“Today, when every organization can be a tech company, the most effective businesses not only foster the courage to explore change, but also encourage creativity in using and applying existing assets in new ways, as resourcefully as possible,” explained Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications industry leader. “This ingenious approach to innovation calls for the encouragement of curiosity and collaboration both within and outside the office walls.”
“This year’s Fast 500 winners showcase that when organizations are open to diverse perspectives and insights, they are able to create an environment for their employees and customers to see the possibilities and ingenious solutions that might lie ahead,” added Jim Atwell, national managing partner of the emerging growth company practice, Deloitte & Touche LLP. “Entrepreneurial environments foster change and innovation within businesses, and we look forward to watching these companies continue to drive change across all sectors.”
About Deloitte’s 2016 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 2012 to 2015.
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, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
To view the official press release, visit Business Wire.