FRANKLIN, Mass.--(BUSINESS WIRE)--Saylent, which provides data analytics software and services to financial institutions, today announced it ranked number 178 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Saylent grew 593 percent during this period.

Saylent’s president and chief executive officer, Tyson Nargassans, credits the increased demand for and adoption of Saylent’s solutions, Card360 and Account360, with the company’s 593 percent revenue growth. He said, "Financial institutions grapple with how to extract value from and leverage the massive amounts of customer data they have – to grow and retain profitable customers, combat fraud, provide better service and win over the competition. Saylent’s software is helping many banks, credit unions and some of the largest payment processors in the world to successfully analyze customers’ transaction data to turn that insight into knowledge they can use to positively impact both customers and the institutions themselves. We are thrilled to be named to Deloitte’s Technology Fast 500 list, as this is a testament to the success both we and our clients have achieved.”

“The companies ranked on the 2014 Deloitte Technology Fast 500 continue to set the bar for their industry higher each year,” said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications leader. “There are so many exciting products and smart thought leaders driving this list. We congratulate the Fast 500 companies and look forward to seeing them continue their momentum into 2015.”

“For 20 years, the Deloitte Fast 500 rankings have honored the innovation that is part of these companies’ DNA,” added Jim Atwell, national managing partner of the emerging growth company practice, Deloitte & Touche LLP. “We’re glad to be serving these high-growth companies, and helping the technology sector recognize the great strides and transformation these companies are making in their respective areas.”

About Deloitte’s 2014 Technology Fast 500™

Technology Fast 500, conducted by Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2009 to 2013.

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 $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years and be headquartered within North America.

About Saylent

Franklin, Mass.-based Saylent, a three-time Inc. 5000 Fastest Growing Private Company (2012, 2013 and 2014), provides financial institutions with data analytics software and services that improve profitability and product innovation by delivering smarter, deeper, actionable insights on the financial behaviors of consumers and businesses. With Saylent’s solutions – Card360, which provides payments intelligence for card issuers; and Account360, a cloud-based relationship product and pricing platform – financial institutions are empowered to drive new revenue streams and increase loyalty by delivering programs and solutions that their customers and members desire. To learn more visit www.saylent.com.