3xLOGIC Named Among Fastest Growing Companies in North America
3xLOGIC Inc., a provider of integrated intelligent security solutions, was ranked 289th in Deloitte’s Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. 3xLOGIC achieved a 238 percent growth rate in sales during the period measured.
Matthew Kushner, 3xLOGIC CEO, explained where the market-leading growth is coming from: “VIGIL Trends, our cloud-based business intelligence solution, is the fuel and sustainer of our rapid growth. With thousands of retail outlets across the country implementing Trends to reduce shrink and drive greater store efficiency, we see no end in sight for this growth.”
Kushner continued, “This solution has quickly enabled 3xLOGIC to assume a leading position in the business intelligence market. Trends has transformed us from a vendor to a strategic business partner with our solutions adding new and ever more valuable actionable intelligence every day.”
Sandra Shirai, principal, Deloitte Consulting LLP, said, “Amid a fierce business climate, there seems to be no shortage of new and established companies that are unlocking a seemingly unlimited potential for growth and advancement through technology’s continued disruption and proliferation across industries. It is inspiring to witness the innovative ways that companies are incorporating emerging technologies for business gains, be it cognitive computing, or the Internet of Things. We congratulate all those ranked on this year’s Fast 500 and look forward to seeing their continued growth into 2016.”
Jim Atwell, national managing partner of the emerging company practice, Deloitte & Touche LLP, said, “Through the efforts and utilization of new and emerging technologies from these companies, we are witnessing greater business demands from across almost all industries. We look forward to the opportunity to serve these companies as they strive to grow to the next level — be it towards introducing new solutions or entering new markets — and with it make important and long lasting impressions on the technology market as a whole.”
3xLOGIC joined the Deloitte Technology Fast 500 in the first year the company applied for this award. Overall, 2015 Technology Fast 500 companies achieved revenue growth ranging from 109 percent to 21,984 percent from 2011 to 2014, with an average growth of 850 percent.