NEW YORK, Nov. 16, 2016 /PRNewswire/ -- PlaceIQ, the company building a new model of consumer behavior by connecting physical and digital activities across time, space, and mobile devices, today announced it ranked 59 th 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.
PlaceIQ achieved 1747 percent revenue growth from 2012 to 2016, making it the fastest growing technology company with location data at its core. For more than six years, PlaceIQ's industry-leading, location-based audience platform has provided consumer understanding for the world's largest brands in retail, CPG, automotive, entertainment, travel and more. "Innovative brands continue to view location data as a critical component for success," said Duncan McCall, CEO and co-founder of PlaceIQ. "Brands have derived incredible business value with location data, insights and technology from PlaceIQ—from understanding the customer journey to accurately measuring real world audience visitation. The versatility of location data to inform media, marketing and overall business decisions is the true value the PlaceIQ delivers. As a company founded on technology and early pioneer in location technology, we are honored to be featured high on Deloitte's ranking." "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," said 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." Overall, 2016 Technology Fast 500™ companies achieved revenue growth ranging from 121 percent to 66,661 percent from 2012 to 2015, with median growth of 290 percent.