Attributes 178% Revenue Growth to Livestreaming Solutions and Innovative Product Features

NEW HOPE, Pa.–(BUSINESS WIRE)–
The Meet Group, Inc., a leading provider of interactive dating solutions, today announced it secured a place 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 26th year. Rankings are based on three-year revenue growth. The Meet Group grew 178% during this period.

Geoff Cook, The Meet Group’s Chief Executive Officer, credits the company’s livestreaming solutions and innovative products with the company’s 178% revenue growth. He said, “We are proud to be recognized as a Fast 500 winner by Deloitte for the eighth time. Across our portfolio, our members send over 70 million chats per day and our community spends more than a billion minutes per month engaging in live video. Finding connection has never been more important than in this time of pandemic, and we are leveraging video as a way for our members to stay connected, find love, and build community. By accelerating growth across our portfolio of dating apps through innovating our livestreaming solution, we are helping forge relationships for millions of people seeking love and connection.”

“For more than 25 years, we’ve been honoring companies that define the cutting edge and this year’s Technology Fast 500 list is proof positive that technology — from software and digital media platforms, to biotech — truly does permeate so many facets of our lives,” said Paul Silverglate, vice chairman, Deloitte LLP and U.S. technology sector leader. “We congratulate this year’s winners, especially during a time when innovation is needed more than ever to address the monumental challenges posed by the pandemic.”

“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.”

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 $US5million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.

About The Meet Group

The Meet Group owns and operates the most engaging dating communities in the world, spanning five apps including MeetMe, Skout, Tagged, LOVOO and GROWLr. Serving millions of daters daily, our community sends 70 million chats per day. Each month, our livestreaming solutions entice our community to spend more than a billion minutes in video. Our network size, technology, and leading moderation and talent teams enable us to partner for and acquire new audiences, including through video platform-as-service products. The Meet Group, Inc. is a subsidiary of ParshipMeet Group, a diversified international market leader in online dating, which also owns and operates leading matchmaking brands eharmony, Parship, and ElitePartner. For more information, visit themeetgroup.com, and follow us on Facebook, Twitter or LinkedIn.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.

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The Meet Group, Inc.
Media Contact: Catherine Connelly
press@themeetgroup.com

Source: The Meet Group