Company News »

Borderfree Ranked Number 86th Fastest Growing Company in North America on Deloitte’s 2014 Technology Fast 500TM

Business Wire
Share on StockTwits
Published on

Borderfree (Nasdaq:BRDR), a market leader in international cross-border ecommerce, today announced it was ranked No. 86 on Deloitte’s Technology Fast 500TM, 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 500TM 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 500TM award winner for 2013.

Overall, 2014 Technology Fast 500TM companies achieved revenue growth ranging from 135 percent to 123,678 percent from 2009 to 2013, with an average growth of 1,640 percent.

About Deloitte’s 2014 Technology Fast 500TM

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 Borderfree

Borderfree is a market leader in international cross-border ecommerce, operating a technology and services platform that the world’s most iconic brands rely on to expand globally and transact with customers in more than 100 countries and territories and more than 60 currencies worldwide. Borderfree manages all aspects of the international shopping experience, including site localization, multi-currency pricing, payment processing, fraud management, landed cost calculation, customs clearance and brokerage and global logistics services while maintaining the integrity of our customers’ brand and the consumer experience. Borderfree is headquartered in New York City with offices in Tel Aviv, Toronto, Dublin and Shanghai. The company trades on the NASDAQ under the symbol BRDR. For more information, visit www.borderfree.com.

Share on StockTwits