The CEOs of North America’s fastest growing technology companies are battening down the hatches and focusing on maintaining their growth and building profitability, according to a new survey from Deloitte & Touche. The Fast 500 CEO Survey was conducted in the first quarter by Deloitte & Touche’s Technology & Communications Group.

Thirty-seven percent of the CEOs surveyed responded that they have no plans to do an IPO, merge, acquire or be acquired within the next 12 months. In fact, less than 10 percent said they planned to do an IPO in the next 12 months. This is a notable reduction from last year’s survey in which 15 percent of the CEOs indicated they planned to go public within 12 months.

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