NORCROSS, Ga., Nov. 26, 2012 (GLOBE NEWSWIRE) -- Comverge, Inc., a leading provider of Intelligent Energy Management solutions for Residential and Commercial & Industrial (C&I) customers, today announced that is has been included in the Deloitte's Technology Fast 500TM list, an annual ranking of the fastest growing companies in various industries in North America in terms of percentage revenue growth. Looking specifically at the cleantech sector, Comverge was the 34th fastest growing cleantech company in North America with a 147 percent increase in revenue growth.
Comverge's chief executive officer, R. Blake Young, credits momentum in its residential and commercial and industrial (C&I) businesses and an expanding international presence with the company's 147 percent revenue growth. Young said, "We are seeing increased demand for our portfolio of intelligent energy management solutions from utilities, grid operators and commercial and industrial organizations that want to optimize their energy usage. With our recent client wins, strong backlog and expanding range of innovative software, hardware and services, we are well positioned for further growth and continued success in both domestic and international energy management markets."
"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 Comverge for this impressive accomplishment."
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.
Comverge delivers a comprehensive suite of intelligent energy management solutions that enable utilities, grid operators, and commercial and industrial organizations to optimize their energy usage in order to reduce costs, meet regulatory requirements, and support sustainability initiatives. With 30 years of experience helping customers implement innovative Demand-Side Management programs, Comverge has deployed more than five and a half million energy management devices, recruited over one million residential customers into mass market demand response programs, and served thousands of commercial & industrial customers. For more information, visit www.comverge.com and follow us on Twitter at @Comverge.
The Comverge, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=15307
CONTACT: For Additional Information Jason Cigarran Vice President, Marketing Comverge, Inc. 678-823-6784 email@example.com