[November 13, 2014] |
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Borderfree Ranked Number 86th Fastest Growing Company in North America on Deloitte's 2014 Technology Fast 500™
NEW YORK --(Business Wire)--
Borderfree (Nasdaq:BRDR), a market leader in international
cross-border ecommerce, today announced it was ranked No. 86 on
Deloitte's (News - Alert) 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."
"he 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.
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 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.
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