Attributes 125 Percent Revenue Growth to Investment in New Technologies, Employee Expertise
Kansas City, Mo. — VeriShip today announced it has been listed on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. VeriShip grew 125.1 percent during this period.
VeriShip’s President, Ross Reed, credits an investment in data-driven parcel technology and a deep parcel shipping expertise among employees with the company’s more than 125 percent revenue growth.
“This year’s growth is a testament to the hard work of everyone at VeriShip,” Reed said. “Thanks to a commitment of innovation and deep parcel shipping expertise derived from our employees listening to the challenges of over 3,300 customers, VeriShip has been able to develop new, data-driven parcel intelligence technology that better meets our client’s needs in the complicated industry of parcel shipping analysis.”
“Amid a fierce business climate, there seems to be no shortage of new and established companies that are unlocking a seemingly unlimited potential for growth and advancement through technology’s continued disruption and proliferation across industries,” said Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. “It is inspiring to witness the innovative ways that companies are incorporating emerging technologies for business gains, be it cognitive computing, or the Internet of Things. We congratulate all those ranked on this year’s Fast 500 and look forward to seeing their continued growth into 2016.”
“Through the efforts and utilization of new and emerging technologies from these companies, we are witnessing greater business demands from across almost all industries,” added Jim Atwell, national managing partner of the emerging company practice, Deloitte & Touche LLP. “We look forward to the opportunity to serve these companies as they strive to grow to the next level – be it towards introducing new solutions or entering new markets – and with it make important and long lasting impressions on the technology market as a whole.”
VeriShip is a cloud-based parcel audit and intelligence company providing innovative parcel audit, intelligence, and engineering solutions. More than 3,300 customers have uncovered significant cost savings using its turnkey software for real time analysis and benchmarking of parcel spend. www.verishipparcel.staging.wpengine.com
About Deloitte’s 2015 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 2011 to 2014.
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 four years and be headquartered within North America.