Manchester companies make Fast 500 listStaff Report
November 15. 2015 7:04PM
MANCHESTER — Two Manchester companies made the list of fastest growing technology businesses.
Dyn Inc. and Newforma Inc. were both recognized in Deloitte’s Technology Fast 500, which ranks the fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America.
Dyn, which also made the Deloitte’s Fast 500 two years ago, came in at No. 262, according to the consulting firm’s annual rankings released Friday. Newforma came in at No. 384 on the Fast 500 for 2015.
“It is always an honor to be included in a list like the Deloitte’s 2015 Technology Fast 500,” Dyn CEO Jeremy Hitchcock said Friday. “It is also great seeing fellow Manchester company Newforma on the list. This is a reminder that southern New Hampshire/metro-Boston continues to be a thriving tech ecosystem.”
Hitchcock said it wouldn’t be a surprise to see more New Hampshire companies recognized in the future. Deloitte compiled the rankings based on fiscal year revenue growth from 2011 to 2014. During that period, Dyn’s fiscal revenue grew 277 percent and Newforma was up 166 percent.
Hitchcock said Dyn’s growth comes primarily from three major areas, including adoption by enterprise companies, Dyn’s new Internet Intelligence product suite and the company’s emerging international presence.
“Companies born in the cloud have always understood that Internet performance allows you to grow revenue and manage risk through the best Internet availability, security, and performance,” Hitchcock said. “The Dyn platform provides an actionable layer of intelligence that enables a superior Internet experience.”
Newforma, a software company founded in 2004, helps architects, engineers and construction companies manage and share information more easily. In an interview with the Union Leader last year, CEO Ian Howell said Newforma was benefiting from the return of the construction industry, which had marked three years of decline. The company could not be reached for comment on Friday. Howell and fellow Newforma executives Dave Plunkett and Bob Batcheler were honored by the New Hampshire High Technology Council as entrepreneurs of the year in 2014.