SEATTLE, Nov. 16, 2018 /PRNewswire/ -- FLEXE, the leader in on-demand warehousing and fulfillment, today announced it ranked first in Washington State and 18th overall on Deloitte's Technology Fast 500™, among the 500 fastest-growing technology, media, telecommunications, life sciences and energy tech companies in North America. FLEXE grew 6,960 percent from 2014-2017.
FLEXE Co-Founder and CEO, Karl Siebrecht, attributes the revenue growth to urgent market demand and adoption of the on-demand warehousing and fulfillment model. He said, "We are using technology to create an entirely new category, providing structural flexibility in the logistics industry. Our team of logistics and technology experts, combined with real-time performance and benchmarking data, helps the world's most innovative brands bring agility to their supply chains."
"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."
"Software, which accounts for nearly two of every three companies on the list, continues to produce some of the most exciting technologies of the 21st century, including innovations in artificial intelligence, predictive analytics and robotics," said Mohana Dissanayake, partner, Deloitte & Touche LLP, and Industry Leader for technology, media and telecommunications, within Deloitte's audit and assurance practice. "This year's ranking demonstrates what is likely a national phenomenon, where many companies from all parts of America are transforming the way we do business by combining breakthrough research and development, entrepreneurship and rapid growth."
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.
FLEXE is a network of more than 1000 warehouses connected by a single software platform. Unlike traditional solutions, FLEXE makes warehousing available on-demand and uses software to streamline the entire process. FLEXE brings agility to the supply chain and helps retailers & brands easily resolve warehouse capacity constraints and dynamically expand their distribution and eCommerce fulfillment networks. Warehouse providers in the FLEXE network can create a new stream of revenue on space and resources that would otherwise go unused. For more information, please visit http://www.flexe.com/ and connect with us on LinkedIn, Facebook, Twitter, and Medium.
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