SANTA MONICA, Calif., Nov. 15, 2012 /PRNewswire/ -- TrueCar, Inc., the automotive pricing information, data and analysis company headquartered in Santa Monica, today announced it has been listed number 99 on Deloitte's Technology Fast 500™, a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. TrueCar grew 1193 percent during this period.
TrueCar's Founder and CEO, Scott Painter credits improving auto sales and consumers looking for a no-haggle experience at the dealership with the company's 1193 percent revenue growth. He said, "We are excited to be a part of this distinguished list and look forward to seeing continued growth at TrueCar while providing a better car buying experience for consumers and dealers."
"We are proud to honor the 2012 Technology Fast 500™ companies, and commend them for their outstanding growth," said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications ("TMT") leader. "These ground-breaking companies have outpaced their competition and are reinventing the way we do business today.""The companies on the Fast 500 list are among those that have demonstrated remarkable innovation, creativity and business savvy," said Bill Ribaudo partner, Deloitte & Touche LLP and national TMT leader for audit and enterprise risk services (AERS). "As a result, these companies have continued to successfully forge ahead in a challenging economic environment. We applaud the leadership and employees of TrueCar for this impressive accomplishment." 2012 marks the second time TrueCar has been recognized on the Technology Fast 500™. TrueCar was ranked 63rd as a Technology Fast 500™ award winner in 2011. Overall, 2012 Technology Fast 500™ companies achieved revenue growth ranging from 128 percent to 279,684 percent from 2007 to 2011, with an average growth of 2,774 percent.