Attributes 773% revenue growth to intelligent technology like DoiT Flexsave™ and Premier expert consultancy
SANTA CLARA, Calif.--(BUSINESS WIRE)--DoiT International, a global multicloud software and managed service provider with deep expertise in Kubernetes, machine learning and big data, today announced it ranked 191st on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech and energy tech companies in North America. DoiT grew 773% over the past three years.
In 2022, DoiT launched DoiT Flexsave™, its popular automated cost optimization product, as a SaaS offering available to AWS and Google Cloud customers. Flexsave uses machine learning to automatically maximize customer savings on cloud compute costs while eliminating intensive manual management, delivering average savings of nearly 20%. In the past year, DoiT also earned the no. 15 ranking on Fast Company’s 100 Best Workplaces for Innovators, was selected as the Google Cloud Global Sales Partner of the Year for the second consecutive year and earned AWS Premier Partner status.
DoiT’s Chief Executive Officer Yoav Toussia-Cohen credits the company’s unique service offering, intelligent product portfolio and expert “engineer to engineer” consultancy for fueling the cloud MSP’s 773% revenue growth. “Widespread cloud growth has led to high expectations for its promise in new industries and applications, but organizations continue to grapple with complexity,” said Toussia-Cohen. “DoiT builds powerful technology and invests in engineering expertise specifically to help customers solve for that complexity and succeed with the cloud.”
“As the past year has shown us, innovation in important areas such as life sciences is critical to addressing infectious disease and other global health issues,” said Paul Silverglate, vice chair, Deloitte LLP and US technology sector leader. “In addition, technology must keep pace with ever-changing consumer and corporate demands for faster, safer and more efficient solutions to new societal challenges. Each year I am in awe of the immense talent the Technology Fast 500 rankings reveal, confirming the winners’ relentless pursuit of creativity and their ability to solve real-world problems that benefit us all.”
Overall, 2022 Technology Fast 500™ companies achieved revenue growth ranging from 241% to 125,138% from 2018 to 2021, with median growth of 611%.
“This year’s Technology Fast 500 list is a true reflection of some of today’s most determined and inspiring pioneers who have prospered by anticipating what’s next, understanding what’s needed to succeed and driving creativity forward,” said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s audit and assurance practice. “Representing all facets of technology, the winners have shown they not only have the vision but can also expertly manage their companies through rapid growth. We congratulate each winner on their impressive achievements.”
About the 2022 Deloitte Technology Fast 500™
Now in its 28th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, 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 2018 to 2021.
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 US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
About DoiT International
DoiT International provides intelligent technology to simplify and automate public cloud use, alongside expert consultancy and unlimited technical support for digitally savvy companies. An award-winning strategic partner of Google Cloud and AWS, DoiT operates in more than 70 countries worldwide. For more information, visit doit.com.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
