Two Years Straight! Centrak Is Again The Fastest Growing Real-Time Locating System Provider According to Deloitte’s Fast 500™

Source: PR Newswire

For the Second Straight Year, CenTrak is the Fastest Growing Real-Time Locating System (RTLS) Provider on Deloitte’s 2014 Technology Fast 500™

The only RTLS provider on the 2014 ranking, CenTrak attributes its rapid growth to the adoption of its Clinical-Grade Visibility™ Technology – enabling workflow efficiencies, cost reductions, and improved patient care.

CenTrak announced today 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, credits 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 the clear leader in the rapidly expanding healthcare RTLS market.

“The companies ranked on the 2014 Deloitte Technology Fast 500 continue to set the bar for their industry higher each year,” said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications leader. “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 says, “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.”

“For 20 years, the Deloitte Fast 500 rankings have honored the innovation that is part of these companies’ DNA,” added Jim Atwell, national managing partner of the emerging growth company practice, Deloitte & Touche LLP. “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.

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.

About CenTrak

CenTrak® is the leading provider of precise, versatile and cost-effective visibility solutions for healthcare. CenTrak’s Clinical-Grade Visibility™ platform delivers unmatched accuracy, speed, performance and power-efficiency making it a smarter technology investment. 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 world-class healthcare facilities in the US, Asia, Europe and the Middle East. www.centrak.com

Clinical-Grade RTLS™, Clinical-Grade Visibility Solutions™ Clinical-Grade Locating Solutions™, Gen2IR™ and CenTrak® are trademarks of CenTrak Inc.

CONTACT:

Adam Peck
1-215-860-2928
apeck@centrak.com

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