Denver, CO, Nov. 07, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Helix TCS, Inc. (OTCQB: HLIX) (the “Company”) today announced it ranked No. 32 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America, now in its 25th year. Helix grew 3805% from 2015-2018.
Over the last 3 years, by maintaining a strong focus on operational excellence and a prudent M&A strategy, Helix has achieved 3805% revenue growth.
“We are honored to receive the distinction of being included on Deloitte’s Technology Fast 500. Helix TCS’ growth and success are due to our focus on executing against our strategic plan, which includes M&A opportunities supported by consistent improvement in servicing our customers. We have made such enhancements as increased cash flow from operations, revenue and market share growth across an expanding number of business lines, and disciplined spending,” said Helix CEO and Executive Chairman Zachary L. Venegas. “We are in the unique cannabis industry position of not having a fundraising business model while moving towards profitability. Helix TCS represents a strong value opportunity given the months-long, indiscriminate industry sell off.”
“This year marks the 25th anniversary of Deloitte’s Technology Fast 500, so we are especially pleased to announce and congratulate the 2019 winners,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “Once again, we saw innovation across the board, with software companies continuing their dominance of the top ten. It’s always inspiring to see how the Fast 500 companies are transforming business and the world we live and work in.”
“As technology innovation trends towards ‘everything as a service,’ it’s no surprise that software companies dominate the winners list yet again this year,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and industry leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “What’s exciting about celebrating 25 years of the Tech Fast 500 is we now have a quarter century of innovation stories to draw and reflect upon. These are the companies that push boundaries, help organizations become more efficient and productive, and ultimately enable businesses to drive growth and revenue. We congratulate all the well-deserving winners.”
About Deloitte’s 2019 Technology Fast 500™
Now in its 25th 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 2015 to 2018.
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 50,000, and current-year operating revenues of at least $US 5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
About Helix TCS, Inc.
Helix TCS, Inc. (HLIX) is a leading provider of critical infrastructure services, helping owners and operators of licensed cannabis businesses stay competitive and compliant while mitigating risk. Through its proprietary technology suite and security services, Helix TCS provides comprehensive supply chain management, compliance tools, and asset protection for any license type in any regulated cannabis market. Helix TCS’ products reach over 2,000 customer locations in 38 states and 6 countries and has processed over $20 billion in cannabis sales. For more information on Helix TCS and to sign up for investor updates, visit us at www.helixtcs.com.
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Helix TCS, Inc.
Scott Ogur, CFA
Helix TCS, Inc.