SEATTLE, Nov. 17, 2016 /PRNewswire/ -- For the third straight year, Skytap, Inc., an innovative public cloud for application modernization, has been named to Deloitte's 2016 Technology Fast 500 TM ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Skytap's ranking climbed from #419 in 2015, to #382 this year with a 177 percent revenue growth over the last three years.
Skytap's Chief Executive Officer Thor Culverhouse credits the company's commitment to customer-driven product advancements and increased enterprise demand with this boost in revenue: "Today's IT departments are operating in a complex, high-stakes environment making it more essential than ever to have a solution in place to help them meet increasing demands to bring their legacy applications up to speed. We largely attribute our growth to our ability to provide our enterprise customers with a cloud designed to run traditional enterprise applications and overcome their challenges in modernizing legacy IT. We appreciate Deloitte's recognition of how Skytap Cloud is pushing the boundaries by extending enterprise cloud and DevOps strategies to on-premises applications and uniquely supporting application modernization with on-demand access to the environments that real innovation requires. " Working with IT departments to advance legacy infrastructure, Skytap's purpose-driven cloud technology empowers enterprises development and test teams to improve software quality, shorten release cycles, and quickly deliver higher value to their customers. Software companies, like Skytap, dominated the list for the 21 st straight year making up 58 percent of Deloitte's 2016 Technology Fast 500. Companies who made the cut achieved revenue growth ranging from 121 percent to 66,661 percent from 2012 to 2015, with median growth of 290 percent. Skytap's recognition from Deloitte follows on the heels of high profile acknowledgements including making the 2016 Inc. 5000 List of the Fastest Growing Private Companies and CEO Thor Culverhouse being named a finalist for the EY Entrepreneur Of The Year® 2016 Award in the Pacific Northwest. To view the entire Deloitte Technology Fast 500 TM list, visit: https://t.co/J3p5dVQEwN. About Skytap, Inc. Skytap is a public cloud provider that enables enterprises to modernize traditional applications and achieve their DevOps goals. Skytap uniquely supports application modernization with environments that work the same way as an on-premises data center. Skytap packages servers, VMs, networks, data and configurations into environments that can be provisioned, cloned, suspended and shared around the world with a single click. To try Skytap and learn more, visit www.skytap.com. About Deloitte's 2016 Technology Fast 500 TM 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. As used in this document, "Deloitte" means Deloitte LLP and its subsidiaries. Please see http://www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting. Skytap on Social Media Twitter: @Skytap, @Skytap_PartnersFacebook: facebook.com/skytapLinkedIn:linkedin.com/company/skytapPR Contact Melissa WhiteBarokas PR for Skytap Skytap@barokas.com (206) 264-8220 Logo - http://photos.prnewswire.com/prnh/20141218/165173LOGO