Texas’ top 10 fastest-growing tech companies, according to Deloitte’s Fast 500 list

Software firms made up the majority of Texas’ winners in 2019, according to Deloitte’s analysis.

Frisco-based software company Asset Panda topped the list of the 500 fastest-growing tech companies in 2019, followed by 15 other Texas companies, according to the Deloitte Technology Fast 500 list released this week.

The Deloitte Technology Fast 500 list takes into account percentage fiscal-year revenue growth over a three-year period to rank the fastest-growing technology, media, telecommunications, life sciences and energy tech companies in North America.

Sixteen Texas companies made the 2019 list, with Asset Panda, Irving-based Solovis and Austin-based Digital Turbine Inc. taking the top spots. More than half of the Texas companies named on the ranking are software firms — a trend that aligns with the rest of North America, according to Deloitte’s analysis.

“Once again, we saw innovation across the board, with software companies continuing their dominance of the top ten,” Deloitte LLP vice chairman Sandra Shirai said in a statement. “It’s always inspiring to see how the Fast 500 companies are transforming business and the world we live and work in.”

Here are the top 10 Texas companies and where they came in on the Fast 500.

33. Asset Panda

Frisco-based software firm Asset Panda was created in 2012 and is led by founder and CEO Rex Kurzius. The company provides mobile app and web platforms for asset tracking.

Industry: Software

Revenue growth 2015-18: 3,779%

49. Solovis

Led by co-founders Josh Smith and Caleb Doise, Solovis is an asset management software company based in Irving. The fintech firm touts its software as providing automated data aggregation combined with reporting and analytics capabilities to empower investment and operations teams. The company employs about 100 people, according to the Dallas Business Journal.

Industry: Software

Revenue growth 2015-18: 2,582%

63. Digital Turbine Inc.

Digital Turbine is an Austin-based software company specializing in mobile app delivery and mobile engagement services. The firm is led by CEO and director Bill Stone. The company is a subsidiary of Mandalay Digital, according to Crunchbase, and has offices in Austin, Durham, Tel Aviv, San Francisco and Singapore.

Industry: Software

Revenue growth 2015-18: 2,117%

89. Fuse Medical Inc

Richardson-based medical device company Fuse Medical is led by CEO Christopher C. Reeg. The company operates in the biologics, foot and ankle, orthopedics, spine and sports medicine fields.

Industry: Medical devices

Revenue growth 2015-18: 1,471%

104. Neos Therapeutics Inc.

Grand-Prairie-based Neos Therapeutics is a pharmaceutical company that manufactures, develops and commercializes three medications designed to address ADHD. The company is led by CEO Jerry McLaughlin, former VP and chief compliance officer of Nupathe Inc.

Industry: Biotechnology/pharmaceutical

Revenue growth 2015-18: 1,218%

114. Newline Interactive

Led by CEO Kevin Wang, Plano-based Newline Interactive produces collaborative touch-screen devices for use in the workplace, schools and other settings.

Industry: Electronic devices/hardware

Revenue growth 2015-18: 1,109%

130. Alkami

Plano-based software firm Alkami bills itself as “the gold standard in digital banking.” The company provides digital banking platforms for banks and credit unions. It is led by CEO Mike Hansen.

Industry: Software

Revenue growth 2015-18: 958%

133. Eagle Eye Networks

Eagle Eye Networks is an Austin-based device manufacturer led by angel investor and CEO Dean Drako that focuses on cloud-based video-surveillance products. Some of the company’s customers include IHOP, Red Lobster and Orangetheory, as well as schools.

Industry: Electronic devices/hardware

Revenue growth 2015-18: 936%

145. Nuvectra Corp.

Plano-based medtech firm Nuvectra Corp. is a publicly traded company focused on neurostimulation. The company, led by CEO Scott Drees, reported $12.3 in revenue in the second quarter of 2019.

Industry: Medical devices

Revenue growth 2015-18: 832%

152. DISCO

DISCO is an Austin-based software firm that utilizes AI and cloud computing to provide database software to lawyers. The company, started in 2012, is led by CEO Kiwi Camara.

Industry: Software

Revenue growth 2015-18: 774%

 

The other six Texas companies that made the list were o9 Solutions Inc., Onit, Blucora Inc., Asure Software Inc., rewardStyle and symplr.

 

Read the article on the Dallas Morning News.

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