Announcement

Propel Software Ranked Number 173 Fastest-Growing Company in North America on the 2022 Deloitte Technology Fast 500TM

November 17, 2022

Attributes 853 % Revenue Growth to Increasing Demand for Solution that Connects Product and Commercial Teams

SANTA CLARA, Calif., November 17, 2022  — Propel Software today announced it ranked 173 on the Deloitte Technology Fast 500TM, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 28th year. Propel grew 853% during this period.

“Propel is proud to be recognized in this year’s Deloitte Fast 500 List of the fastest growing companies. Throughout the year we have hit many milestones and have continued to develop ground-breaking solutions to help customers get products to market faster, at a critical time for many businesses. This is a testament to the team’s hard work and dedication and their ability to deliver fresh, innovative approaches like our product value management platform. Challenging the status quo is how we continue to grow and it’s great to be recognized by Deloitte for our tireless efforts,” says Ray Hein, CEO of Propel. 

“Propel is proud to be recognized in this year’s Deloitte Fast 500 List of the fastest growing companies. Our product value management (PVM) platform continues to thrive thanks to market demand for our solution that connects product and commercial teams. Propel is the accelerant that helps our customers increase revenue, customer satisfaction and margins,” said Ray Hein, CEO of Propel. “Our strong growth will continue thanks to recent introductions of product information management (PIM), supplier data intelligence, rich visualization and deeper collaboration through Slack - all on our low code platform that allows users to quickly and easily configure Propel for their specific needs.”

“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 U.S. 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.”

“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.”

Overall, 2022 Technology Fast 500TM companies achieved revenue growth ranging from 241% to 125,138% from 2018 to 2021, with median growth of 611%.

About Propel Software

Propel helps product companies grow revenue and increase business value. Our product value management platform connects commercial and product teams to optimize decision making, drive process efficiencies, and engage customers with compelling products and experiences. Propel has a proven track record of improving product quality, speeding time to revenue and profit, and improving customer satisfaction. Recognized as a Deloitte Technology Fast 500 winner, Propel is built on Salesforce and drives product success for hyper growth startups, corporate pioneers, and Fortune 500 leaders in the high tech, medtech and consumer goods industries. For more information, visit propelsoftware.com and follow us on LinkedIn.

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.

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For more information, contact: 

Samantha Chapman, Samantha@chapmancommunicationsgroup.com

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