Recognized for a second consecutive year, CoreStack attributes its 643% revenue growth to the transformative power of its NextGen multi-cloud governance platform
BELLEVUE, WA— November 8, 2023 — CoreStack, a global multi-cloud governance provider, today announced today announced it ranked 219 on the Deloitte Technology Fast 500™, a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 29th year. CoreStack grew 643% during this period.
CoreStack attributes the skyrocketing demand for multi-cloud management and governance to the accelerated shift towards the cloud and the resulting urgency for proactive cloud management. Enterprises need to optimize costs while also ensuring cybersecurity, streamlining operations, and complying with regulations.
“We're thrilled to be recognized by Deloitte's Technology Fast 500 for the second consecutive year, validating our sustained growth,” said CoreStack CEO Ez Natarajan. “We're grateful to our customers and partners for their trust and support. As businesses increasingly prioritize cloud into their operations, CoreStack is committed to providing them with innovative cloud governance solutions to help them attain cloud efficiencies with unwavering confidence.”
The company’s NextGen offerings, CoreStack Assessments and CoreStack NextGen Cloud Governance are a powerful suite of solutions that leverage AI to provide continuous and autonomous governance for FinOps, SecOps, and CloudOps through one unified dashboard. CoreStack NextGen Cloud Governance is designed to help customers leverage best-of-breed cloud platforms with the least friction possible, boosting top-line revenues and bottom-line efficiencies whether they’re running AWS, Microsoft Azure, GCP, OCI, or a combination of cloud providers.
“Each year we look forward to reviewing the progress and innovations of our Technology Fast 500 winners. This year is especially celebratory as we expand the number of winners to better represent just how many companies are developing new ideas to progress our society and the world, especially during a slow economy,” said Paul Silverglate, vice chair, Deloitte LLP and U.S. technology sector leader. “While software and services and life sciences continue to dominate the top 10, we are encouraged to see other categories making their mark. Congratulations to all the winners who show us how creativity, hard work and perseverance can lead to success.”
“As for growing companies, it’s always rewarding to be recognized for the ongoing commitment it takes to navigate obstacles, transform when necessary and ultimately create a thriving business,” said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s audit and assurance practice. “Over the nearly 30 years we’ve been compiling the Technology Fast 500, we’ve seen new categories emerge, growth rates explode, and certain regional markets shine from the bright talent they attract. We are proud of all the winners for achieving this well-deserved honor.”
About the 2023 Deloitte Technology Fast 500
Now in its 29th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2019 to 2022.
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 US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
