Borderfree, a market leader in international cross-border ecommerce, today announced it was ranked No. 86 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, for the second consecutive year. Borderfree grew 1,344 percent during this period.
Borderfree Chief Executive Officer, Michael DeSimone, credits the explosive growth of ecommerce coupled with strong brand awareness and demand for American retailers overseas for the 1,344 percent revenue growth.
“Expanding globally has become a key priority for retailers. Borderfree makes that happen by taking out the risk and complexity and letting them enter new markets, at scale, with a local shopping experience,” said DeSimone. “Our second consecutive ranking on Deloitte’s Technology Fast 500™ not only underscores Borderfree’s success, but also the success of our customers in gaining traction with shoppers around the world.”
“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.”
Borderfree previously ranked No. 112 as a Technology Fast 500™ award winner for 2013.
Overall, 2014 Technology Fast 500™ companies achieved revenue growth ranging from 135 percent to 123,678 percent from 2009 to 2013, with an average growth of 1,640 percent.