Phenom Named One of the Fastest Growing Companies in North America on Deloitte’s 2020 Technology Fast 500™ List
Phenom Continues Hiring Surge as Growth Hits Global Scale
Phenom, the global leader in Talent Experience Management (TXM), today announced its inclusion on Deloitte’s 2020 Technology Fast 500™, a list of the 500 fastest-growing technology, media, telecommunications, life sciences and energy tech companies in North America. Phenom demonstrated the most rapid growth among Pennsylvania tech companies for the second year in a row — over 50% higher than the full list’s median growth rate.
Phenom is also adding to its rapidly growing team, as employees now number over 800. Despite this year’s economic uncertainty, Phenom has marked several milestones that continue to fuel the company’s growth, including:
- A $30 million Series C funding round
- The launch of HelpOneBillion — Phenom’s curated job network with over 875,000 openings — in response to the COVID-19 pandemic
- The development of several new product innovations for the TXM platform, including True 1-to-1 Personalization, Phenom Gigs, Frontline Hiring Manager and Phenom Scheduling
- The acquisition of My Ally and its advanced automation technology
- A collaboration with Microsoft Teams, enabling the integration of Phenom’s API into one of today’s most widely used communication platforms
“We want to highlight our customers and partners, whose loyalty and collaboration inspire us to never stop innovating,” said Mahe Bayireddi, co-founder and CEO of Phenom. “It’s so rewarding to see our technology help companies and candidates find the right fit, while also fostering the professional development of talented employees. Phenom is a global company, and we’ll continue to refine our technology so talent acquisition and talent management professionals always have a competitive edge.”
Overall, 2020 Technology Fast 500™ companies achieved revenue growth ranging from 175% to 106,508% from 2016 to 2019, with median growth of 450%.
“Each year the Technology Fast 500 listing validates how important technology innovation is to our daily lives. It was interesting to see this year that while software companies continued to dominate, biotech companies rose to the top of the winners list for the first time, demonstrating that new categories of innovation are accelerating in the pursuit of making life easier, safer and more productive,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and industry leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “We extend sincere congratulations to these well-deserved winners — who all embody a spirit of curiosity, and a never-ending commitment to making technology advancements possible.”
Join Phenom for IAMHR, the last major HR event of the year, from Dec. 8-10. At this free virtual event, the industry’s biggest names will discuss solutions for today’s unprecedented HR challenges.
Phenom is a global HR technology company with a purpose to help a billion people find the right job. With an expertise in building AI-powered, scalable solutions, Phenom Talent Experience Management (TXM) personalizes and automates the talent journey for candidates, recruiters, employees and management with the Career Site, Chatbot, CRM, CMS, SMS and Email Campaigns, University Recruiting and Events, Internal Mobility, Career Pathing, Diversity & Inclusion, Gigs, Referrals and Analytics. As a result, employers improve their talent acquisition and talent management efforts by helping candidates and employees find the right job, recruiters identify and engage the right talent, and management optimize HR strategy, process and spend. Phenom was ranked among the fastest-growing technology companies in the 2019 Deloitte Technology Fast 500.
Headquartered in Philadelphia, Phenom has offices in Canada, India, Israel, the Netherlands and the United Kingdom with over 800 employees. More than 300 global employers rely on the Phenom TXM platform to bring recruiting velocity and create an end-to-end talent experience.
About Deloitte’s 2020 Technology Fast 500™
Now in its 26th year, Deloitte’s Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences 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 2016 to 2019.
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 $US50,000, and current-year operating revenues of at least $US5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.