"The lending market has embraced digital technologies," said Brian Madocks, eOriginal's Chief Executive Officer. "eOriginal is at the forefront of this adoption cycle, and we expect to continue our growth trajectory through innovation and delivering client success."
BALTIMORE (PRWEB) November 09, 2017
eOriginal, Inc., today announced it has been named to Deloitte’s Technology Fast 500™ list as one of North America’s fastest growing technology, media, telecommunications, life sciences, and energy companies. eOriginal earned the rank of 294 by more than doubling revenues during the evaluation period of FY 2013 through FY 2016.
“The lending market has embraced digital technologies as a way to meet consumer needs, increase capital efficiencies, and securely transact loans,” said Brian Madocks, eOriginal’s Chief Executive Officer. “eOriginal is at the forefront of this adoption cycle, and we expect to continue our growth trajectory through innovation and delivering client success.”
Through its platform, eOriginal enables trusted financial transactions for high-value digital assets between originators, custodians, investors and the secondary market in order to improve the speed at which these assets can be funded, originated, transferred, and sold. The eAsset® Management solution creates and manages a ‘digital original’ document, offering all the rights and security of an original paper contract, but with the efficiency, instant access and control of digitization, in a fully compliant and transparent SaaS environment. The eOriginal platform fully supports all loan types from mortgages to unsecured consumer loans.
In November 2016, eOriginal secured a $26.5-million expansion capital investment, led by private equity firm LLR Partners, providing the resources for the attainment of key market opportunities and to expand development of innovative product offerings, accelerate hiring, build-out its leadership team and extend its digital transaction management leadership position into additional markets, such as digital mortgage.
“The Deloitte 2017 North America Technology Fast 500 winners underscore the impact of technological innovation and world class customer service in driving growth, in a fiercely competitive environment,” said Sandra Shirai, vice chairman, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. “These companies are on the cutting edge and are transforming the way we do business. We extend our sincere congratulations to all the winners for achieving remarkable growth while delivering new services and experiences for their customers.”
“Emerging growth companies are powering innovation in the broader economy. The growth rates delivered by the companies on this year’s North America Technology Fast 500 ranking are a bright spot for the capital markets and a strong indicator that the emerging growth technology sector will continue to deliver a strong return on investment,” said Heather Gates, national managing director of Deloitte & Touche LLP’s emerging growth company practice. “Deloitte is dedicated to supporting the best and brightest companies of the future in the emerging growth company sector. We are proud to acknowledge the significant accomplishments of this year’s Fast 500 winners.”
Overall, 2017 Technology Fast 500™ companies achieved revenue growth ranging from 135 percent to 59,093 percent from 2013 to 2016, with median growth of 378 percent.
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About Deloitte’s 2017 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 2013 to 2016.
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.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see http://www.deloitte.com/about to learn more about our global network of member firms.
eOriginal is the leading provider of Digital Transaction Management solutions to the financial services industry. The eAsset® management platform is 100 percent secure, enabling originators, custodians, investors and others to digitize lending and securitization processes. eOriginal solutions ensure that every transaction is verifiably secure, legally compliant and enforceable. As the first company to execute a digital mortgage, eOriginal is also core to the digital transformation of the mortgage industry. For more information, visit http://www.eoriginal.com.