Anyone dazzled by the perceived glamour of social media and mobile apps should take a breath and look at what’s really happening in the tech industry: 21 of the 25 fastest growing tech companies deal in enterprise business technology, not talking maps and not angry birds.
That’s the conclusion that TechRepublic writer Andrew Nusca came to when he analyzed the lastest Forbes list of fastest-growing tech companies. It’s a very important point for any job hunter in the tech space to ponder.
“Most of the list is arguably comprised of business, not consumer, technology firms,” Nusca writes, and he’s right.
The Forbes list starts with 5,000 publicly-traded technology companies, profitable companies with minimum revenues of $150 million and a minimum market value of $500 million. It then filters for sales growth of at least 10 percent for each of the past three fiscal years, as well as over the latest 12 months. It also applies the same test to the companies for the next three to five years, as well.
Some of the companies on the list:
- Qlik Technologies:business analytics software
- athenaHealth: cloud-based healthcare services
- Equinix: data center services
- Ebix: software and services for the insurance industry
- Aruba Networks: intelligent wireless LAN switching systems
- Riverbed Technology: networking equipment
- SolarWinds: IT management and monitoring software
- ServiceSource: revenue management software
Get the picture? The gap between hype and reality can sometimes be wide, so when it comes to improving your prospects in the technology space it makes good sense to heed that age-old advice and “follow the money.” It may lead you to some unexpected places.
- The Enterprise Strikes Back [TechRepublic]
- The Forbes Fast Tech 25: Our Annual List Of Growth Kings [Forbes]