Deloitte today released its “North America Technology Fast 500â„¢,†an annual ranking of the fastest-growing North American companies – and thirteen South Florida companies were winners this year!
Now in its 29th year, the Deloitte Technology Fast 500 list highlights the passion and dedication it takes to be an industry disrupter across the technology, media, telecommunications, life sciences, fintech, and energy tech sectors. Each year, companies can receive increased visibility, brand recognition, and growth opportunities by joining this elite group,
Paul Silverglate
“Each year, we look forward to reviewing the progress and innovations of our Technology Fast 500 winners. This year is especially celebratory as we expand the number of winners to better represent just how many companies are developing new ideas to progress our society and the world, especially during a slow economy,†said Paul Silverglate, Vice Chair, Deloitte LLP and U.S. technology sector leader.
“While software and services and life sciences continue to dominate the top 10, we are encouraged to see other categories making their mark. Congratulations to all the winners who show us how creativity, hard work and perseverance can lead to success.â€
The Deloitte Technology Fast 500 winners represent 41 states and provinces across North America. California’s Bay Area continued to lead the regional pack with 18% of the Technology Fast 500 winners, followed by the Tri-State Area representing 13% of the winning companies. Software and services is the leading industry in all major markets, even New England, where historically life sciences has dominated.
Eighty-five percent (85%) of the companies listed in the 2023 Technology Fast 500 were backed by venture capital or private equity funding at some point in their company history.
Software and services companies once again topped this year’s Technology Fast 500 listing, representing the majority of the winners for the 28th straight year (57%). Of the software and services companies on the list, digital platforms represented the majority of winners (49%) with enterprise infrastructure and productivity following with 31% of the winners. Security (13%), consumer software (5%) and education (2%), comprised the rest of the subsectors within software and services. Life sciences and fintech rounded out the top three industry categories with 16% and 12% of total winners, respectively.
Overall median growth rate of the winners was 497%. Life sciences had the highest median revenue growth rate at 665%.
The South Florida companies honored this year are:
- #20 | MyFBAPrep
- Software & services
- 8,792% Growth
- Coral Springs (Broward County)
Achieving a three-year growth rate of 8,792%, MyFBAPrep is one of the highest-ranked logistics and transportation companies on the list. This hypergrowth comes on the back of several major consumer packaged goods (CPG) client wins and the expansion of its warehouse network footprint to 85-million-square-feet of warehouse space globally. Handling all eCommerce needs from port to porch, MyFBAPrep offers its roster of enterprise-level customers and top eCommerce sellers cutting-edge warehousing and logistics solutions powered by its SaaS platform Preptopia®.
Tom Wicky
“Our team has been on a mission since Day One to change the face of eCommerce logistics as it exists today. Being recognized on the 2023 Deloitte Technology Fast 500â„¢ list alongside the other high-flying  technology companies is a testament to our team’s commitment to this mission,†said Tom Wicky, Co-Founder and CEO of MyFBAPrep. “Our tech-first approach leveraging customer service and execution has been a winning formula, complimenting a client roster that has responded well to our product and continues to help us make our network and suite of services even better.â€
- #41 | Fox Ordering
- Software & services
- 4,143% Growth
- Boca Raton (Palm Beach County)
- #114 | ClassWallet
- Fintech
- 1,263% Growth
- Hollywood (Broward County)
- #162 | Honorlock
- Software & services
- 865% Growth
- Boca Raton (Palm Beach County)
- #165 | ViB
- Software & services
- 855% Growth
- North Palm Beach (Palm Beach County)
- #186 | Social Mobile
- Hardware & semiconductors
- 779% Hollywood (Broward)
- #202 | Drawbridge
- Software & services
- 694% Growth
- Palm Beach Gardens (Palm Beach County)
- #215 | Instreamatic
- Software & services
- 660% Growth
- Boca Raton (Palm Beach County)
- #235 | Taxfyle
- Software & services
- 612% Growth
- Coconut Grove (Miami-Dade County)
- #257 | Launch Potato
- Digital content/media/entertainment
- 534% Growth
- Delray Beach (Palm Beach County)
- #276 | PlanHub
- Software & services
- 490% Growth
- West Palm Beach (Palm Beach County)
- #355 | springbig
- Software & services
- 365% Growth
- Boca Raton (Palm Beach County)
- #361 | CloudHesive
- Software & services
- 360% Growth
- Fort Lauderdale (Broward County)
Christie Simons
“As for growing companies, it’s always rewarding to be recognized for the ongoing commitment it takes to navigate obstacles, transform when necessary and ultimately create a thriving business,†said Christie Simons, Partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s Audit & Assurance practice.
“Over the nearly 30 years we’ve been compiling the Technology Fast 500, we’ve seen new categories emerge, growth rates explode, and certain regional markets shine from the bright talent they attract. We are proud of all the winners for achieving this well-deserved honor.â€
Technology Fast 500 awardees are selected based on percentage fiscal year revenue growth from 2019 to 2022. Overall, the 2023 Technology Fast 500 companies achieved revenue growth ranging from 201% to 222,189% over the three-year time frame, with an average growth rate of 1,934% and a median growth rate of 497%.
The rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period. With so many entrants meeting the eligibility criteria this year, we expanded the 2023 Winners’ List to include those companies that achieved a growth rate of 200 percent or higher, as a celebratory sign that tech companies are thriving even amidst challenging economic times.
For more more information and full data points on the winners, please visit www.Fast500.com