Business / Roundups

These 4 Philly companies were named to Deloitte’s Technology Fast 500 list

These tech and healthcare companies saw the most revenue growth over a three-year period.

Sidecar's digs in 2016. (Courtesy photo)

In its 25th year, professional services network Deloitte released its annual Technology Fast 500, this time including four Philly-area companies among the country’s fastest growing companies in the tech, media, telecommunications, life sciences and energy tech industries.

The list was created to recognize “the effort and dedication of the fastest-growing technology companies,” the company said, and winners are selected based on percentage of fiscal-year revenue growth over a three-year period.

Rankings are compiled from applications submitted directly to the Technology Fast 500 website and public company database research conducted by Deloitte LLP.

Fittingly, Philly companies were represented on the list in the tech and healthcare fields.

Performance marketing firm Sidecar made the list at number 191, with 576% growth across the last three years. Over the summer, we talked to Sidecar’s CEO about the company’s quick growth in recent years and its Series C-1 fundraising round of $7.5 million.

“One of the most gratifying parts of running this business has been growing this team — and also being part of the evolution of the sort of operational changes, cultural changes, shifts in the business as it’s grown and seeing this many people in the building, working toward Sidecar’s success,” CEO Andre Golsorkhi said then.

(Sidecar also happens to be a nominee for Growth Company of the Year in the 2019 Awards. Why yes, voting does close today.)

Number 209 on the list with 521% growth is digital platforms solutions focused Health Union, which earlier this year showed us the Jason Kelce mural it had installed in its Chestnut Street office after the 2018 Super Bowl.

On the list at number 370 with 254% growth is Vici Media, a digital advertising firm that’s HQ’d in The Bourse.

And the fourth Philly company to land on the list is Spark Therapeutics, which this year became the focus of the biggest-ever VC-backed exit in the city with its $4.8 billion deal with Roche. Spark was founded in 2013 as a University of Pennsylvania spinout, and by 2015 had 50 employees. Deloitte’s list says the company grew 193% in the three-year period.

Companies: Spark Therapeutics / Sidecar
People: Andre Golsorkhi

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