Inotiv Ranked Number 138 Fastest-Growing Company in North America on the 2024 Deloitte Technology Fast 500™
Inotiv has been ranked 138th on the 2024 Deloitte Technology Fast 500™, marking its second consecutive year on the prestigious list. The company achieved an impressive 847% revenue growth over the past five years. As a full-service CRO and research model provider, Inotiv's growth strategy has focused on strategic acquisitions, integration, and streamlining operations while prioritizing customer needs. The company previously ranked 127th in 2023. The 2024 Technology Fast 500 companies demonstrated revenue growth ranging from 201% to 153,625%, with an average growth rate of 1,981% and median growth rate of 460%.
Inotiv è stata classificata al 138° posto nella Deloitte Technology Fast 500™ del 2024, segnando il secondo anno consecutivo in questa prestigiosa lista. L'azienda ha registrato una notevole crescita del fatturato del 847% negli ultimi cinque anni. Come fornitore di servizi CRO e modelli di ricerca a servizio completo, la strategia di crescita di Inotiv si è concentrata su acquisizioni strategiche, integrazione e razionalizzazione delle operazioni, ponendo al contempo le esigenze dei clienti in primo piano. L'azienda era precedentemente classificata al 127° posto nel 2023. Le aziende della Technology Fast 500 del 2024 hanno dimostrato una crescita del fatturato che varia dal 201% al 153.625%, con un tasso di crescita medio del 1.981% e un tasso di crescita mediano del 460%.
Inotiv ha sido clasificada en el puesto 138 en la Deloitte Technology Fast 500™ de 2024, marcando su segundo año consecutivo en esta prestigiosa lista. La compañía logró un impresionante crecimiento de ingresos del 847% en los últimos cinco años. Como proveedor de servicios CRO y modelos de investigación a servicio completo, la estrategia de crecimiento de Inotiv se ha centrado en adquisiciones estratégicas, integración y optimización de operaciones, priorizando las necesidades de los clientes. La compañía se clasificó previamente en el puesto 127 en 2023. Las empresas de la Technology Fast 500 de 2024 demostraron un crecimiento de ingresos que varía entre el 201% y el 153,625%, con una tasa de crecimiento promedio del 1,981% y una tasa de crecimiento mediana del 460%.
Inotiv는 2024년 Deloitte Technology Fast 500™에서 138위로 선정되며, 이 prestigious 리스트에 두 번째 연속으로 이름을 올렸습니다. 이 회사는 지난 5년간 847%의 인상적인 매출 성장을 달성했습니다. 풀 서비스 CRO 및 연구 모델 제공업체로서 Inotiv의 성장 전략은 전략적 인수, 통합 및 운영 효율화를 중심으로 하면서 고객의 요구 사항을 우선시했습니다. 이 회사는 2023년에는 127위에 올랐습니다. 2024년 Technology Fast 500 기업들은 201%에서 153,625%까지의 매출 성장을 보여주었으며, 평균 성장률은 1,981%이고 중앙 성장률은 460%입니다.
Inotiv a été classée 138ème dans le Deloitte Technology Fast 500™ de 2024, marquant sa deuxième année consécutive sur cette liste prestigieuse. L'entreprise a enregistré une croissance des revenus de 847% au cours des cinq dernières années. En tant que fournisseur de services CRO et de modèles de recherche à service complet, la stratégie de croissance d'Inotiv s'est concentrée sur des acquisitions stratégiques, l'intégration et l'optimisation des opérations tout en plaçant les besoins des clients au premier plan. L'entreprise était précédemment classée 127ème en 2023. Les entreprises du Technology Fast 500 de 2024 ont démontré une croissance des revenus allant de 201% à 153.625%, avec un taux de croissance moyen de 1.981% et un taux de croissance médian de 460%.
Inotiv wurde im Jahr 2024 auf den 138. Platz des Deloitte Technology Fast 500™ eingestuft, was das zweite aufeinanderfolgende Jahr auf dieser renommierten Liste markiert. Das Unternehmen erzielte im Laufe der letzten fünf Jahre ein beeindruckendes Umsatzwachstum von 847%. Als vollumfänglicher CRO und Anbieter von Forschungsmodellen hat sich die Wachstumsstrategie von Inotiv auf strategische Akquisitionen, Integration und Optimierung der Abläufe konzentriert, wobei die Bedürfnisse der Kunden im Vordergrund stehen. Im Jahr 2023 belegte das Unternehmen zuvor den 127. Platz. Die Unternehmen des Technology Fast 500 von 2024 wiesen ein Umsatzwachstum zwischen 201% und 153.625% auf, mit einer durchschnittlichen Wachstumsrate von 1.981% und einer Medianwachstumsrate von 460%.
- 847% revenue growth over five years
- Second consecutive year ranking in Deloitte Technology Fast 500
- Successful integration of strategic acquisitions
- Slight drop in ranking from 127 in 2023 to 138 in 2024
Insights
The 847% revenue growth over five years and ranking of 138 on Deloitte's Fast 500 list demonstrates Inotiv's successful execution of its acquisition-driven growth strategy in the CRO (Contract Research Organization) space. The company's transformation from a smaller player to a mid-sized, full-service CRO through strategic acquisitions shows strong market positioning. However, this growth comes with integration risks and the challenge of maintaining quality across expanded operations.
The average growth rate of
Acquiring and Developing Services and Resources to Build a Full Service, Customer-Focused CRO has Fueled
WEST LAFAYETTE, Ind., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Inotiv today announced it ranked 138 on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America. Over the last five years Inotiv grew
Inotiv’s president and chief executive officer, Robert Leasure, Jr., credits the company’s growth trajectory to listening to customers’ concerns and needs. He said, "Inotiv is incredibly proud to be recognized as a 2024 Deloitte Technology Fast 500™ winner for a second year. As we continue to build a top-tier, mid-sized, full-service CRO and provider of research models, we have concentrated on enhancing, integrating and streamlining the core elements of our company which has evolved through strategic acquisitions over the past five years. At the same time, we are transforming our organization to consistently exceed our customers’ expectations and provide solutions and products to support their critical research. Inotiv remains dedicated to delivering value for our customers, employees and shareholders as we continue our journey as a trusted partner in the discovery and development of life-saving therapies for people around the world."
“For 30 years we’ve been celebrating companies that are actively driving innovation. The software industry continues to be a beacon of growth, and the fintech industry made a strong showing on this year’s list, surpassing life sciences for the first time,” said Steve Fineberg, vice chair, U.S. technology sector leader, Deloitte. “Significantly, we also saw a breakthrough in performance of private companies, with the highest number of private companies named to the list in our program’s history. This year’s winners have shown they have the vision and expertise to continue to perform at a high level, and that deserves to be celebrated.”
“Innovation, transformation and disruption of the status quo are at the forefront for this year’s Technology Fast 500 list, and there’s no better way to celebrate 30 years of program history,” said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s Audit & Assurance practice. “This year’s winning companies have demonstrated a continuous commitment to growth and remarkable consistency in driving forward progress. We extend our congratulations to all of this year’s winners — it’s an incredible time for innovation.”
Inotiv previously ranked 127 as a Technology Fast 500 award winner for 2023.
Overall, 2024 Technology Fast 500 companies achieved revenue growth ranging from
About the 2024 Deloitte Technology Fast 500
Now in its 30th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, 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 2020 to 2023.
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 US
About Inotiv
Inotiv, Inc. is a leading contract research organization dedicated to providing nonclinical and analytical drug discovery and development services and research models and related products and services. The Company’s products and services focus on bringing new drugs and medical devices through the discovery and preclinical phases of development, all while increasing efficiency, improving data, and reducing the cost of taking new drugs to market. Inotiv is committed to supporting discovery and development objectives as well as helping researchers realize the full potential of their critical R&D projects, all while working together to build a healthier and safer world. Further information about Inotiv can be found here: https://www.inotiv.com/.
Company Contact
Inotiv, Inc
Beth A. Taylor, Chief Financial Officer
(765) 497-8381
beth.taylor@inotiv.com
Investor Relations
LifeSci Advisors
Steven Halper
(646) 876-6455
shalper@lifesciadvisors.com
About Deloitte
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