Honored as One of the Fastest Growing Companies in North America
Washington, DC, November 16, 2016 — Optoro®, the leading platform for returned and excess inventory, today announced it has been named to Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America, for the fourth year in a row. As the need for Optoro’s services continues to grow, Optoro’s chief executive officer Tobin Moore credits the company’s ability to provide scalable solutions as the key contributor to the company’s 276% revenue growth.
“We’re honored to be recognized again by Deloitte as one of the fastest growing technology companies in the U.S.,” said Moore. “This is a strong growth period for Optoro. In the last year, we saw increased demand for our software and expanded into a new office in Washington, D.C.’s Metro Center neighborhood. We look forward to continuing to expand as more retailers learn the benefits of optimized reverse logistics.”
“Today, when every organization can be a tech company, the most effective businesses not only foster the courage to explore change, but also encourage creativity in using and applying existing assets in new ways, as resourcefully as possible,” said Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications industry leader. “This ingenious approach to innovation calls for the encouragement of curiosity and collaboration both within and outside the office walls.”
“This year’s Fast 500 winners showcase that when organizations are open to diverse perspectives and insights, they are able to create an environment for their employees and customers to see the possibilities and ingenious solutions that might lie ahead,” added Jim Atwell, national managing partner of the emerging growth company practice, Deloitte & Touche LLP. “Entrepreneurial environments foster change and innovation within businesses, and we look forward to watching these companies continue to drive change across all sectors.”
About Deloitte’s 2016 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 2012 to 2015.
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.
As used in this document, “Deloitte” means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.
Optoro is a technology company that is transforming the way the nation’s leading retailers process and sell their returned and excess inventory. Through its use of comprehensive, world-class data analytics and multi-channel online marketing, Optoro’s software platform determines the best path for returned and excess goods, maximizing recovery value, enabling consumers to get great deals, and reducing environmental waste. Founded in 2010, Optoro is based in Washington, DC and Maryland. Optoro, BLINQ, and BULQ are trademarks of Optoro, Inc. and may be registered in certain jurisdictions. For more information, please visit www.Optoro.com and follow us on twitter at @optoroinc.