Attributes 585 Percent Revenue Growth to Industry Recognition of Company’s Market Leadership in Global Pharmaceutical Track and Trace with Proven Life Sciences Cloud Solution
TraceLink Inc., the World’s Largest Track and Trace Network for connecting the life sciences supply chain and eliminating counterfeit prescription drugs from the global marketplace, today announced it ranked #149 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America.
TraceLink, which achieved revenue growth of 585 percent from 2012 to 2015, is the #8 fastest growing company from Massachusetts to be ranked on the 2016 Deloitte Technology Fast 500™, and is ranked #4 among the fastest growing software companies headquartered in the state. TraceLink moved up 144 spots from its #293 ranking on last year’s Deloitte 2015 Technology Fast 500 list.
As the pharmaceutical supply chain undergoes a global regulatory transformation, TraceLink president and CEO, Shabbir Dahod cites TraceLink’s market leadership and proven Life Sciences Cloud solution as the leading drivers of the Company’s 585 percent revenue growth. “We are honored to be named one of the nation’s fastest growing companies for the second year in a row. This recognition further solidifies TraceLink’s market dominance as the industry rushes to comply with fast-approaching global track and trace regulations. We look forward to continuing our rapid growth acceleration in this explosive market, which is fueled by the mission to protect patients and secure the life sciences supply chain.”
“Today, when every organization can be a tech company, the most effective businesses not only foster the courage to explore change, but also encourage creativity in using and applying existing assets in new ways, as resourcefully as possible,” said Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications industry leader. “This ingenious approach to innovation calls for the encouragement of curiosity and collaboration both within and outside the office walls.”
“This year’s Fast 500 winners showcase that when organizations are open to diverse perspectives and insights, they are able to create an environment for their employees and customers to see the possibilities and ingenious solutions that might lie ahead,” added Jim Atwell, national managing partner of the emerging growth company practice, Deloitte & Touche LLP. “Entrepreneurial environments foster change and innovation within businesses, and we look forward to watching these companies continue to drive change across all sectors.”