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.
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