Xata Corp., a provider of fleet optimization software and services, announced that it earned the rank of 363 on the Technology Fast 500 list, which is Deloitte’s ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America.
Rankings are based on percentage of fiscal year revenue growth from 2005 to 2009. Xata’s annual revenue grew 238 percent during this period. Overall, Technology Fast 500 award winners for 2010 had revenue growth ranging from 146 percent to 164,079 percent from 2005 to 2009, with an average growth of 2,361 percent.
“The growth the company reported during the four-year period represents our ability to capture increasing market share in the trucking industry by leveraging our position as a leading compliance-driven driver-centered technology solution,” says Jay Coughlan, chairman and chief executive officer of Minneapolis-based Xata Corp. “Our long-term focus remains on providing the industry with a single source for all its fleet operations needs.”