Wahoo Earns Spot on Deloitte’s 2018 Technology Fast 500™ Ranking of Fastest Growing Tech Companies for Second Consecutive Year
November 19, 2018
Attributes strong ranking to continued leadership in smart training devices, connected workout trackers, and connected training applications for cyclists, runners, and fitness enthusiasts
Atlanta, GA, Nov. 15, 2018 — Wahoo Fitness today announced for the second consecutive year that it appears 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.
Chip Hawkins, Wahoo Founder and CEO, credits the growth of indoor cycling and the strength of Wahoo’s category leading products for all kinds of fitness enthusiasts with the company’s strong growth in 2018. “We’re very proud to be recognized for our strong performance in the fitness and technology sectors,” said Hawkins. “Wahoo KICKR smart trainers, ELEMNT GPS computers, and TICKR fitness tracking devices are category leading products that help thousands of people improve their fitness while enjoying every workout.”
“Congratulations to the Deloitte 2018 Technology Fast 500 winners on this impressive achievement,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “These companies are innovators who have converted their disruptive ideas into products, services and experiences that can captivate new customers and drive remarkable growth.”
“Software, which accounts for nearly two of every three companies on the list, continues to produce some of the most exciting technologies of the 21st century, including innovations in artificial intelligence, predictive analytics and robotics,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and Industry Leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “This year’s ranking demonstrates what is likely a national phenomenon, where many companies from all parts of America are transforming the way we do business by combining breakthrough research and development, entrepreneurship and rapid growth.”
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. 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.
About Wahoo Fitness
Wahoo Fitness is an innovative fitness technology company serving cyclists, triathletes, and other endurance athletes. Wahoo’s portfolio of products includes the KICKR family of Indoor Cycling Smart Trainers, The ELEMNT family of Cycling Computers, and the TICKR family of Heart Rate Monitors. The Wahoo brand is known for innovation, quality, and performance and is the choice for elite athletes around the world including 5-time Tour de France winners Team Sky, 2-time Ironman World Champion Jan Frodeno, and former UCI world champion cyclist, Peter Sagan of Team BORA-hansgrohe. Wahoo sells its products in more than 50 countries through leading retailers as well as its own direct to consumer website, wahoofitness.com.
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About Deloitte’s 2018 Technology Fast 500™
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 2018.