CenTrak is the Fastest Growing RTLS Provider
CenTrak, ranked No. 136 on Deloitte’s Technology Fast 500 and No. 4 in Communications/Networking, achieved 841% revenue growth driven by demand for its innovative Clinical-Grade Visibility Technology that enhances healthcare workflow efficiency, reduces costs, and improves patient care through a versatile, open RTLS infrastructure and new disposable patient tags.
CenTrak announced that it ranked No. 136 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. CenTrak was also ranked No. 4 in the sub-category of Communications/Networking.
CenTrak’s President and CEO, Dr. Ari Naim, attributed the company’s 841 percent revenue growth to the demand for its innovative Clinical-Grade Visibility Technology. During a period of increasing financial pressure on the healthcare industry, CenTrak’s RTLS has become essential because it helps eliminate workflow inefficiencies and generates cost reductions, while improving patient care. CenTrak is uniquely positioned to deliver these benefits to its expanding customer base, making it a leader in the rapidly expanding healthcare RTLS market.
Eric Openshaw, vice chairman of Deloitte LLP and U.S. technology, media and telecommunications leader, commented: “The companies ranked on the 2014 Deloitte Technology Fast 500 continue to set the bar for their industry higher each year. 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.”
Dr. Naim stated, “What makes CenTrak unique is our versatile, open, ‘Clinical-Grade’ infrastructure. Our technology automates hundreds of existing applications, and enables new and exciting location functionality. CenTrak’s partner-driven model adds value by leaving the decision-making power within the hands of hospitals, allowing them to select independently which applications are best suited to harness their facility’s location data. By far, the most exciting technology to emerge this year is our limited re-use and disposable patient tags. We expect these will transform healthcare delivery by making improved operational efficiency, as well as patient care and safety, broadly affordable.”
Jim Atwell, national managing partner of the emerging growth company practice at Deloitte & Touche LLP, added: “For 20 years, the Deloitte Fast 500 rankings have honored the innovation that is part of these companies’ DNA. We’re glad to be serving high-growth companies, and helping the technology sector recognize the great strides and transformation these companies are making in their respective areas.”
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.
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.
About CenTrak
CenTrak is a provider of precise, versatile, and cost-effective visibility solutions for healthcare. CenTrak’s Clinical-Grade Visibility™ platform delivers accuracy, speed, performance, and power-efficiency. CenTrak’s Gen2IR™ technology delivers certainty-based location data, a requirement for workflow and other key healthcare management applications. CenTrak is currently deployed at hundreds of healthcare facilities in the US, Asia, Europe, and the Middle East.
Clinical-Grade Locating™, Clinical-Grade RTLS™, and CenTrak® are registered trademarks of CenTrak Inc.
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