Yodle Ranks 21st Fastest Growing Company in North America on Deloitte’s 2011 Technology Fast 500(TM)
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<font size=”2″ face=”Arial”>NEW YORK</font>, Oct. 24, 2011 /PRNewswire/ — Yodle, America’s largest independent provider of local search marketing, today announced it ranked No. 21 in the Technology Fast 500(TM), the ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Yodle’s revenue grew 8,269% between 2006 and 2010.
Yodle CEO Court Cunningham credits the immense growth to the company’s innovative technology and optimization techniques that reduce the cost of generating new customers from the web and the popularity of its search engine marketing (SEM) and search engine optimization (SEO) services.
“Yodle is a leader when it comes to creating innovative technology that helps businesses effectively and affordably invest in local online marketing,” said Cunningham. “And having just reached the 26,000 customer milestone this month, our growth is showing no sign of slowing. We are proud to be recognized for our hard work, and expect to expand even faster as local businesses shift even further into the online world.”
Overall, 2011 Technology Fast 500(TM) companies achieved revenue growth ranging from 134 percent to 70,211% from 2006 to 2010, with an average growth of 1,736%. Yodle was one of only two New York City-based companies included in the top 25.
Yodle, a leader in local online marketing and named #35 on the INC 500 List of fastest growing private companies in the U.S., connects thousands of local businesses with consumers in a process so simple and cost-effective that business owners can’t imagine any other way to advertise. Yodle has developed an integrated approach to signing up and serving local businesses that are transitioning their marketing budgets online. Yodle is headquartered in New York, NY.
About Deloitte’s 2011 Technology Fast 500(TM)
Technology Fast 500, which was conducted by Deloitte & Touche LLP, a subsidiary of Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2006 to 2010. In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.