EnerNOC Ranked Among Fastest Growing Companies in North America on Deloitte's
2012 Technology Fast 500(TM)
Attributes 371 Percent Revenue Growth to Expanded Market Opportunities for
Enterprise-Class Energy Management
BOSTON, Nov. 26, 2012 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), a
global provider of enterprise-class energy management applications and
services, today announced it ranked 228^th 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. EnerNOC grew
371 percent during this period.
EnerNOC's chief executive officer, Tim Healy, credits increased interest in
enterprise-class energy management, broader geographic demand, and positive
pricing trends for the company's 371% revenue growth.
"We are proud to honor the 2012 Technology Fast 500™ companies, and commend
them for their outstanding growth," said Eric Openshaw, vice chairman,
Deloitte LLP and U.S. technology, media and telecommunications (TMT) leader.
"These ground-breaking companies have outpaced their competition and are
reinventing the way we do business today."
"The companies on the Fast 500 list are among those that have demonstrated
remarkable innovation, creativity and business savvy," said Bill Ribaudo
partner, Deloitte & Touche LLP and national TMT leader for audit and
enterprise risk services (AERS). "As a result, these companies have continued
to successfully forge ahead in a challenging economic environment. We applaud
the leadership and employees of EnerNOC for this impressive accomplishment."
Overall, 2012 Technology Fast 500™ companies achieved revenue growth ranging
from 128 percent to 279,684 percent from 2007 to 2011, with an average growth
of 2,774 percent.
About Deloitte's 2012 Technology Fast 500™
Technology Fast 500, conducted by Deloitte & Touche 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 2007 to 2011.
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.
EnerNOC unlocks the full value of energy management for our utility and
commercial, institutional, and industrial (C&I) customers by reducing
real-time demand for electricity, increasing energy efficiency, improving
energy supply transparency in competitive markets, and mitigating emissions.
EnerNOC serves thousands of commercial, intuitional, and industrial customers
worldwide through its suite of energy management applications including:
DemandSMART™, comprehensive demand response; EfficiencySMART™, continuous
energy savings; SupplySMART™, energy price and risk management; and
CarbonSMART™, enterprise carbon management. EnerNOC's Utility Solutions™
offerings, which include Program Implementation and Consulting services, have
helped hundreds of utilities and grid operators worldwide meet their
demand-side management objectives. Our Network Operations Center (NOC) offers
24x7x365 customer support. For more information, visit www.enernoc.com.
The EnerNOC, Inc. logo is available at
CONTACT: Media Relations: Sarah McAuley, (617) 532.8195,
Investor Relations: Jennifer Varley, (617) 532.8104,
EnerNOC, Inc. Logo
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