ScienceLogic attributes over 40 percent compound annual growth rate to growing customer base and emerging opportunity in the AIOps market over the past five years
ScienceLogic attributes over 40 percent compound annual growth rate to growing customer base and emerging opportunity in the AIOps market over the past five years. (Photo: File)

said that it was named one of the fastest growing companies on , a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in . ScienceLogic experienced an over 40 percent compound annual growth (CGAR) in the past five years.

ScienceLogic’s chief executive officer, Dave Link, credits ScienceLogic’s steadfast customer confidence and dedicated team members with the company’s outstanding growth and achievement.

“ScienceLogic is extremely grateful to be one of the few elite companies that has received this award for a fourth year,” Link said. “Excellence is a part of our DNA, but a 40 percent growth rate year over year is not easy to achieve at scale. Our continued consistency in excellence and the incredible commitment of the entire team has made it possible. Our customers look to us to deliver on our promise, which has led us to become the market leader in AIOps.”

Overall, 2018 Technology Fast 500 companies achieved revenue growth ranging from 143 percent to 77,260 percent from 2014 to 2017, with median growth of 412 percent.

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 2014 to 2017.

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.

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