Triple Point Technology, the provider of multi-market commodity and enterprise risk management software solutions, ranked number 51 within the Tri-State area in the Technology Fast 500™ – Deloitte’s ranking of the 500 fastest growing technology, telecommunications, media, life sciences, and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2005-2009.
Triple Point showed a significant growth rate of 220% in the five-year period.
“Commodity management has always been a critical business process for energy, metals, and agriculture companies. Increasingly, it’s become just as important for other industries with exposure to raw materials and energy, such as food and beverage, automotive, and high-tech,” said Peter F. Armstrong, President and CEO, Triple Point. “For 17 years Triple Point has developed the leading software for customers to successfully manage the volatility, risk, and complexity of procuring, processing, moving, and marketing commodities – we are honored to be recognized by Deloitte in the Technology Fast 500™.”
“Triple Point and the other 2010 Technology Fast 500™ winners forged ahead in a challenging economic environment to realize exceptional growth,” said Phil Asmundson, Vice Chairman and Deloitte’s U.S. technology, media and telecommunications leader. “Deloitte commends Triple Point for this impressive accomplishment.”
D.C.