SNAP Interactive Ranked the 36th Fastest Growing Company in North America on Deloitte's 2012 Technology Fast 500(TM)
NEW YORK, Nov. 14, 2012 /PRNewswire/ -- SNAP Interactive, Inc. ("SNAP" or the "Company") (OTCBB: STVI), a leading social application developer, today announced it ranked 36(th) overall on Deloitte's Technology Fast 500(TM), a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. In the New York Metro area, the Company was ranked 5(th) and in the Internet category, the Company ranked 9(th). SNAP's revenue grew 4,412 percent from 2007 to 2011.
Cliff Lerner, the co-founder and chief executive officer of SNAP, credits SNAP's ability to identify unique opportunities and rapidly execute and iterate on its product vision in the fast moving social discovery and online dating space as the catalyst for the Company's 4,412 percent revenue growth.
"We are honored to be recognized by Deloitte, particularly in the New York Metro area which is rapidly improving its reputation as a home for technology innovators and entrepreneurs," said Lerner. "As the social discovery and online dating industries have evolved, we have seen tremendous opportunities to use our platform to connect people in meaningful ways. Our growth can be attributed to the exciting opportunities for growth by building on top of Facebook's Developer Platform, as well as the breadth of engineering talent in New York City."
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