Granicus News

Granicus, Inc. Ranked 97th Fastest Growing Company in North America on Deloitte’s 2008 Technology Fast 500

18 Nov 2008

by: Lauren Alexander

Industry Distinction Affirms Increased Demands for Transparency and Business Efficiency in the Government Sector

San Francisco — Granicus, Inc., the premier provider of government solutions for webcasting and legislative management, announced today that it was ranked number 97 on Deloitte’s 2008 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. This year’s rankings are based on percentage of fiscal year revenue growth from 2003–2007. Granicus grew 2,143% during this period. Granicus also ranked 4th among San Francisco-based technology companies listed in the North America Technology Fast 500.

“We are thrilled to receive industry recognition for our fast market growth. This accomplishment illustrates our core commitment to remaining focused on the unique needs of government agencies. It also validates the rapidly growing potential of the niche technology market we’ve etched out in the government sector over the last decade,” said Tom Spengler, Granicus Co-founder and CEO. “Our software combines digital streaming media with the business processes of government. This combination helps public agencies meet the fundamental demands for government transparency and business efficiency. Heightening government transparency and accountability are especially important business tenets as public agencies enter a new year and a new political administration – where there’s a strong stance on transparent decision-making overriding institutional opaqueness.”

Granicus technology enables workflow automation and simplifies the integration of audio/video streaming media capability into the public recordkeeping, constituent communications, and professional training processes of government agencies. This product strategy delivers an immediate and a long-term return on investment. “With the economic downturn dramatically impacting the health public agencies, it’s critical that we help governments find ways to accomplish more with less – creating more opportunities for them to make affordable investments in technology that deliver high-impact organizational and societal improvements,” said Spengler.   

In addition to ranking on Deloitte’s Technology Fast 500, Granicus’s fast revenue growth from 2003 to 2007 resulted in a 12th ranking overall in the Technology Fast 50 for Silicon Valley, which is a ranking of the 50 fastest growing technology firms headquartered in the nation’s most-thriving technological marketplace.

Qualifying Criteria
The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte's regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2003 to 2007.

To be eligible, entrants must: be in business a minimum of five years; they must be headquartered within North America; meet minimum operating revenues requirements (2003 operating revenue must be at least $50,000 USD or $75,000 CD, 2007 operating revenues must be at least $5 million USD or CD); and own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.
 
About Granicus
Founded in 1999, San Francisco-based Granicus, Inc. helps government reach staff and constituents without barriers. Public agencies trust our webcasting solutions to enable vital improvements to public access, staff efficiency, and government accountability. In addition, the combination of webcasting with public meeting management technology into a single workflow decreases administrative costs and simplifies public recordkeeping tasks. Granicus serves more than 500 governing bodies in 44 states, building close connections with more than 30% of the American population.

About Deloitte
As used in this document, “Deloitte” means Deloitte LLP. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.

Contact
Lauren Alexander, Granicus Inc, 415-357-3618 x1788

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