BBTV attributes 429% Revenue Growth to Global Reach, Active and Highly Engaged Audience and Large Addressable Market Which is Powered by Scalable Technology and Leading Services.
Thursday, November 7th, 2019
Vancouver, B.C.: BroadbandTV Corp. (BBTV), an enabling platform for content owners that is advancing the world through the creation, distribution, management and monetization of content, today announced it ranked No. 257 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, and No. 5 on Deloitte’s Enterprise Fast 15™, a new category of the Technology Fast 50™ program recognizing enterprise-size companies. BBTV grew 429% during this period.
"2019 has been another fantastic year for the business and recognizes the amazing work done by the whole BBTV team as we continue to build one of the most successful media technology companies in the world,” commented Shahrzad Rafati, Founder & CEO, BroadbandTV. She continued: “We have achieved this incredible growth through an active and highly engaged audience and large addressable market which is powered by scalable technology and leading services.”
“As technology innovation trends towards ‘everything as a service, it's no surprise that software companies dominate the winners list yet again this year,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and industry leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “What’s exciting about celebrating 25 years of the Tech Fast 500 is we now have a quarter century of innovation stories to draw and reflect upon. These are the companies that push boundaries, help organizations become more efficient and productive, and ultimately enable businesses to drive growth and revenue. We congratulate all the well-deserving winners.”
Now in its 25th year, 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 2015 to 2018. BBTV previously ranked 162 as a Technology Fast 500™ award winner for 2017. The company was also ranked 25th on the 2017 Canada's Technology Fast 50™
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 $US50,000, and current-year operating revenues of at least $US5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America. Overall, 2019 Technology Fast 500™ companies achieved revenue growth ranging from 166 percent to 37,458 percent from 2015 to 2018, with median growth of 439 percent.
BroadbandTV (BBTV) is a media-tech company that is advancing the world through the creation, distribution, management and monetization of content. As of May 2019, BBTV generates tens of billions of monthly impressions, and in February it achieved 587 million unique viewers which consume 46.9 billion minutes of video content per month. BBTV is the second largest video property across the top 12 countries of the world in terms of unique viewers following only Google as of Feb 2019. BBTV provides end to end management, distribution and monetization solutions to content owners around the globe by providing innovative technology and leading services. BBTV has built proprietary VISO technologies leveraging machine learning, digital signal processing, and big data to power its ecosystem. www.bbtv.com
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Dan Gamble, Head of PR and Corporate Communications
+1778 873 0422