Lanham, MD (PRWEB) November 14, 2013
Optoro Inc, a technology company enabling retailers and manufacturers to increase revenue from returned and excess inventory, today announced it ranked 278 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America.
Overall, 2013 Technology Fast 500™ companies achieved revenue growth ranging from 137 percent to 208,897 percent from 2008 to 2012, with an average growth of 2,600 percent.
Optoro’s chief executive officer, Tobin Moore, credits an outstanding team and cutting-edge technology with the company’s revenue growth. He said, "We are honored to be recognized on such a distinguished list. We’ve taken a disruptive approach to solving one of the retail industry’s biggest and most costly logistics challenges and this award is a tribute to the hard work of our team and is evidence of Optoro’s role in the transformation of the reverse logistics market."
“The 2013 Deloitte Technology Fast 500 companies are exemplary cases of those spurring growth in a tough market through innovation,” said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications leader. “This year’s list is a who’s who of companies behind the most exciting and innovative products and services in the technology space. We congratulate the Fast 500 companies and look forward to what they do next.”
“The fastest growing companies in the US are drivers of constant innovation and operate with the agility to stay ahead of a quickly evolving marketplace, and software, biotech/pharma and internet companies continue to be at the forefront,” added James Atwell, national managing partner of the Emerging Growth Company practice, Deloitte Services LP. “The companies excelling in these sectors have a startup mentality that allows them to be nimble and adapt quickly, which is why they consistently lead the list of fast-growing companies each year.”
Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2008 to 2012.
About Deloitte’s 2013 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 2008 to 2012.
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.
Founded in 2008, Optoro’s mission is to be the leading market solution for returned and excess goods, providing superior value for buyers and sellers across the world. Through their cloud-based, multi-channel selling technology, online remarketing expertise, and full suite of business intelligence tools, they offer their clients the optimal solution for managing and selling their returned and excess inventory. Since its founding, Optoro’s focus has been on using cutting edge technology and access to the world’s online marketplaces to drive higher recovery rates, quicker turn-times, and more transparency for their client’s goods. Optoro can be found online at http://www.optoro.com.