Forget about Facebook. Tech's big growth story is in the enterprise. Culled from Forbes' list of the 25 fastest-growing tech companies, the enterprise rules.
I don't know about you, but I totally missed seeing Forbes' list of the25 fastest-growing tech companies, which it published sometime last month.
Too bad. There are some stellar enterprise technology companies on the list, tucked in-between the LinkedIns and Apples and Shutterflys of the world. In fact, most of the list is arguably comprised of business, not consumer, technology firms. (Be still our enterprise-y heart!)
The fellows at Forbes created their list by plucking, from a list of 5,000 publicly-traded technology companies, profitable companies with minimum revenues of $150 million and a minimum market value of $500 million.
From that, they whittled down the list to companies with sales growth of at least 10 percent for each of the past three fiscal years, as well as over the latest 12 months, as well as for the next three to five years (estimated). The final order is arranged in descending order of growth rates. (You can read the full explanation here.)
As many as 21 of the 25 companies on their list could be considered business technology; in the interest of brevity I'd like to highlight the top 10.
- Qlik Technologies, which makes business analytics software
- AthenaHealth, which offers cloud-based healthcare services
- Equinix, which specializes in datacenter services
- Ebix, which makes software and services for the insurance industry
- Aruba Networks, which builds intelligent wireless LAN switching systems
- Riverbed Technology, which makes networking equipment
- Cognizant, which offers consulting, applications, IT Infrastructure and BPO services
- Sourcefire, the network hardware and software security firm
- SolarWinds, which offers not greentech but IT management and monitoring software
- ServiceSource, which makes revenue management software
The lesson here? Don't let the hype-happy headlines about Apple, Facebook or Instagram distract you — a big economic driver remains the enterprise, especially as cloud computing becomes the thing that touches...well, everything. (Just look at that list. Hardware, software and industry plays aplenty.)
That's the big growth story for us at TechRepublic, at least. And we're sticking to it.
This is a guest post from Andrew Nusca. The article was originally published on ZDNet as the "10 fastest-growing enterprise technology companies."