Scalefast Ranked No. 120 Fastest Growing Company in North America on Deloitte’s 2018 Technology Fast 500™
LOS ANGELES--(BUSINESS WIRE)--Nov 15, 2018--Scalefast, a global digital eCommerce solution, today announced it ranked No. 120 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. Scalefast experienced 959% revenue growth from fiscal year 2014 to fiscal year 2017.
Scalefast’s CEO and Founder Nicolas Stehle credits this revenue growth to the accelerated globalization of eCommerce paired with the desire by brands to regain control of their customers’ shopping journey by selling directly to the consumer. “Brands today have immense potential to boost sales by reaching global consumers via their brand-owned online storefront but, creating the localized and personalized shopping experience that consumers have come to expect poses many challenges. Brands are realizing that by teaming up with an eCommerce partner with an ecosystem that comprises all aspects of eCommerce, they are able to scale their direct-to-consumer channel faster, and without the restrictions and risks they would encounter by trying to do it themselves or with other online sales channels.”
“Congratulations to the Deloitte 2018 Technology Fast 500 winners on this impressive achievement,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “These companies are innovators who have converted their disruptive ideas into products, services and experiences that can captivate new customers and drive remarkable growth.”
This recognition honors Scalefast’s rapid growth over the past three years, marked by milestones including raising funding to further its global eCommerce offering and advanced business intelligence technology, launching over 30 major product launches for some of the world’s most iconic brands, and exceeding 17 million orders processed amongst consumers in over 240 countries and territories. Scalefast also grew its team by 130 percent and reached a technological milestone in which the Scalefast Commerce Cloud can now sustain over 200 orders per second.
About Deloitte’s 2018 Technology Fast 500™
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 2014 to 2017.
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, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Scalefast is changing the way brands do direct-to-consumer eCommerce, by empowering them to regain the control and simplicity they need to create an exceptional shopping experience, directly from their online storefront. By joining forces through the Scalefast Commerce Cloud, brands can deliver localized and personalized direct-to-consumer shopping experiences while leveraging the volume and data of an entire brand ecosystem.
Scalefast’s modern approach to eCommerce has generated award-winning success for their clients and has allowed them to become the fastest-growing eCommerce platform in the U.S. Its enterprise offering brings together a cloud-based eCommerce platform, global business services and an international footprint of logistics, payment, tax and business partners. For more information, visit www.scalefast.com.
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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Monica Pontrelli/Nick Latona
Wonacott Communications for Scalefast
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