HOLLYWOOD, CA (PRWEB) November 13, 2015
ScoreBig, the leading yield management platform for the live entertainment industry, today announced it ranked No. 44 overall and No. 7 in Los Angeles 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. ScoreBig grew 2,280 percent during this period.
ScoreBig’s Chief Executive Officer, David Goldberg, credits establishing a new category in the ticket industry with the company’s 2,280 percent revenue growth.
"ScoreBig has distinguished itself in the marketplace as the first and only company designed to empower consumers to buy tickets on their own terms, while simultaneously benefiting the industry by offering the first opaque channel to sell unsold inventory at discounted rates,” said Goldberg. “Both ticket sellers and consumers are seeing the value we provide, and over the coming months and years, we’ll continue to scale the business and serve as a value channel that makes the entire ecosystem more efficient.”
Overall, 2015 Technology Fast 500™ companies achieved revenue growth ranging from 109 percent to 21,984 percent from 2011 to 2014, with an average growth of 850 percent.
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.
ScoreBig is the first company to address the live entertainment industry's pricing challenges by integrating its unique "Name A Ticket Price" platform into presenters' primary ticketing systems, including Ticketmaster and AXS.com. This platform enables premier sports, concert, and theater organizations to discreetly re-price and sell their unsold tickets without the cannibalization and/or brand impairment risks associated with traditional ticket discounting. Event presenters maximize revenue and attendance, while helping fans get the seats they want at prices they won't find at other sites. ScoreBig's management team brings extensive experience from some of the biggest names in sports and entertainment, including the NBA, Ticketmaster, and Warner Music Group. The Company is based in Los Angeles, CA.