Attributes 296% Revenue Growth to Automotive Manufacturer Adoption of Choreo Connected Car Services Delivery Platform
Airbiquity®, a global leader in connected car services delivery, today announced it was ranked number 305 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences, and clean technology companies in North America. This is the second consecutive year that Airbiquity has been included on the list, and the company improved its position to 305 in 2014 from 416 in 2013.
“Airbiquity is at the forefront of the connected car industry and fully committed to providing the most innovative technology and cutting edge solutions for automotive manufacturers and their customers,” said Airbiquity’s CEO and President, Kamyar Moinzadeh. “Our team’s continual evolution of the Choreo™ cloud-based connected car platform is the primary reason for making Deloitte’s Technology Fast 500 two years in a row.”
“The companies ranked on the 2014 Deloitte Technology Fast 500 continue to set the bar for their industry higher each year,” said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications leader. “There are so many exciting products and smart thought leaders driving this list. We congratulate the Fast 500 companies and look forward to seeing them continue their momentum into 2015.”
“For 20 years, the Deloitte Fast 500 rankings have honored the innovation that is part of these companies’ DNA,” added Jim Atwell, national managing partner of the emerging growth company practice, Deloitte & Touche LLP. “We’re glad to be serving these high-growth companies, and helping the technology sector recognize the great strides and transformation these companies are making in their respective areas.”
Airbiquity’s Choreo platform serves over 5 million vehicles around the world and supports hundreds of millions of vehicle transactions per month for leading automotive manufacturers. Choreo enables a broad range of connected car use cases from basic vehicle connectivity to infotainment delivery for the most in-demand applications and content such as Google Send-to-Car search; TripAdvisor and Yelp reviews; iHeartRadio and TuneIn streaming music; Facebook and Twitter social media; and many more.
Airbiquity® is a global leader in connected car services and a pioneer in the development and engineering of automotive telematics technology. Airbiquity enables the vision of the connected car today with the industry’s most advanced cloud-based connected car services delivery platform: “Choreo™.” Working in partnership with Airbiquity, automotive manufacturers, tier 1 suppliers, and mobile network operators are delivering customized connected car solutions meeting the management, safety and infotainment needs of their customers in more than 50 countries and over 30 languages. Looking beyond automotive, Airbiquity is extending its innovative technology to enable the next wave of Machine-to-Machine (M2M) solutions in the Home Automation, Medical, and Utility industries. Learn more about Airbiquity at airbiquity.com. Airbiquity is a trademark of Airbiquity Inc.
About Deloitte’s 2014 Technology Fast 500™
Technology Fast 500, conducted by 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 2009 to 2013.
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.