[Satnews] RigNet, Inc. (NASDAQ:RNET), a global provider of remote managed communications solutions, telecoms systems integration services and collaborative applications to the oil and gas industry, was named today as one of the fastest growing companies in North America according to Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. RigNet ranked 15th among communications and networking companies, and 326th overall, based on its 202 percent fiscal year revenue growth during the period from 2011 to 2014.
“Our relentless focus on customer service enables RigNet to win the trust and earn the business of top-tier drillers, operators and service companies, even in challenging conditions,” said Mark Slaughter, RigNet CEO and president. “With service locations and field service engineers positioned in every major energy-producing region, the targeted support we provide has enabled RigNet to deliver advanced communications solutions while building the most comprehensive track record in the energy sector.”
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 2011 to 2014.
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 or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.