{"id":51019,"date":"2024-11-22T16:26:43","date_gmt":"2024-11-22T16:26:43","guid":{"rendered":"https:\/\/www.pax8.com\/en-us\/?post_type=crb_news&#038;p=51019"},"modified":"2024-12-03T21:22:42","modified_gmt":"2024-12-03T21:22:42","slug":"for-a-third-consecutive-year-pax8-is-ranked-a-fastest-growing-company-in-north-america-on-the-2024-deloitte-technology-fast-500","status":"publish","type":"crb_news","link":"https:\/\/www.pax8.com\/en-us\/news-post\/for-a-third-consecutive-year-pax8-is-ranked-a-fastest-growing-company-in-north-america-on-the-2024-deloitte-technology-fast-500\/","title":{"rendered":"For a Third Consecutive Year, Pax8 is Ranked a Fastest-growing Company in North America on the 2024 Deloitte Technology Fast 500\u2122"},"content":{"rendered":"<h5 style=\"text-align: center;\"><em>The company attributes 371% revenue growth to its ability to evolve with channel expansion and anticipate partners&#8217; needs<\/em><\/h5>\n<p>&nbsp;<\/p>\n<p><strong>DENVER, CO (November 22, 2024)<\/strong> \u2013 <a href=\"https:\/\/www.pax8.com\/\">Pax8<\/a>, the leading cloud commerce marketplace, has been ranked on the <a href=\"https:\/\/www2.deloitte.com\/us\/en\/pages\/technology-media-and-telecommunications\/topics\/north-america-technology-fast-500.html\">Deloitte Technology Fast 500<\/a>\u2122 for its third year in a row. The ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 30th year, placed Pax8 at 316. Pax8 grew 371% between 2020 and 2023; it was previously ranked 248 as a Technology Fast 500 award winner for 2023 and 131 for 2022.<\/p>\n<p>Present at Deloitte\u2019s Denver award ceremony were Pax8\u2019s Chief Strategy Officer, Ryan Walsh and Chairman of the Board of Directors, John Street. The founding team credits the company\u2019s ability to anticipate and quickly accommodate evolving partner needs and cloud service demands with its fast and sustained revenue growth. \u201cAt Pax8, we continue to build the cloud commerce marketplace of the future,\u201d stated Walsh. \u201cOur unique technology platform, built to give our partners a competitive edge, combined with a workplace that maximizes the potential of our high-performing team members, are crucial factors in our growth and success.\u201d<\/p>\n<p>During the growth period considered for the Deloitte recognition through November 2024, Pax8 made strategic moves to expand and further support small to medium-sized businesses in achieving their ambitions through the power of technology. Some of these include:<\/p>\n<ul>\n<li>Expanding into 17 countries and growing to over 1,700 employees worldwide.<\/li>\n<li>Naming former CTO, <a href=\"https:\/\/www.pax8.com\/en-us\/news-post\/pax8-names-scott-chasin-chief-executive-officer\/\">Scott Chasin<\/a> as CEO to lead the company into its product-led era.<\/li>\n<li>Expanding its leadership team with new c-level officers over AI, business operations, commerce, product, legal, trust and security, compliance, experience, people operations, and finance.<\/li>\n<li>Launching its inaugural Beyond partner event, <a href=\"https:\/\/www.pax8.com\/en-us\/news-post\/pax8-announces-inaugural-global-partner-event-beyond-2023\/\">Beyond 2023<\/a>, the leading industry conference focused on community, innovation, and education for managed service providers (MSPs).<\/li>\n<li>Introducing the <a href=\"https:\/\/www.pax8.com\/en-us\/news-post\/pax8-unveils-pax8-voyager-alliance-the-partner-marketplace-experience\/\">Pax8 Voyager Alliance<\/a> program, a tiered partner program that is tailored to meet global partners\u2019 specific needs and provides elevated enablement, education, and support, to empower partners to thrive at every stage of their journey.<\/li>\n<li>Launching its <a href=\"https:\/\/www.pax8.com\/en-us\/news-post\/pax8-unveils-next-generation-marketplace-experience\/\">new Marketplace experience<\/a>, which includes Opportunity Explorer and leverages AI to identify sales opportunities for MSPs, and Storefronts which enables MSPs to create a branded buying experience for their customers who want a self-serve option.<\/li>\n<\/ul>\n<p>\u201cWith cloud marketplace growth expected to exceed $45 billion by 2025, Pax8 remains agile, always ready to empower our partners with the tools they need to succeed in an increasingly competitive space,\u201d Walsh added. \u201cWe adapt, iterate, scale, and expand to meet the needs and exceed the expectations of our stakeholders.\u201d<\/p>\n<p>Overall, companies included in the 2024 Technology Fast 500 achieved revenue growth up to 153,625% with a median growth rate of 460%. For details about Deloitte\u2019s honorees, visit the . Pax8\u2019s inclusion among its peer leaders in growth on the Fast 500 and its continued business expansion are a powerful indication of success toward its mission to build the cloud commerce marketplace of the future. With the purpose of providing the best solutions for its partners, Pax8 aims to continue exponential growth in tandem with the quickly evolving industry.<\/p>\n<p>Learn more about Pax8\u2019s at <a href=\"https:\/\/www.pax8.com\/en-us\/\">pax8.com<\/a>.<\/p>\n<p><strong>About the 2024 Deloitte Technology Fast 500\u00a0<\/strong><\/p>\n<p>Now in its 30th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies \u2014 both public and private \u2014 in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2020 to 2023.<\/p>\n<p>In order to be eligible for the 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\u2019s operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.<\/p>\n<p><strong>About Deloitte<\/strong><\/p>\n<p>Deloitte provides industry-leading audit, consulting, tax, and advisory services to many of the world\u2019s most admired brands, including nearly 90% of the Fortune 500\u00ae and more than 8,500 U.S.-based private companies. At Deloitte, we strive to live our purpose of making an <a href=\"https:\/\/www2.deloitte.com\/us\/en\/pages\/about-deloitte\/articles\/purpose-at-deloitte-us.html\">impact that matters<\/a> by creating trust and confidence in a more equitable society. We leverage our unique blend of business acumen, command of technology, and strategic technology alliances to advise our clients across industries as they <a href=\"https:\/\/www2.deloitte.com\/us\/en\/pages\/about-deloitte\/articles\/technology-consulting-engineering-advantage.html\">build their future<\/a>. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Bringing more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte\u2019s approximately 460,000 people worldwide connect for impact at <a href=\"https:\/\/www.deloitte.com\/\">www.deloitte.com<\/a>.<\/p>\n<p><strong>About Pax8<\/strong><\/p>\n<p><a href=\"https:\/\/www.pax8.com\/en-us\/\">Pax8<\/a> is the technology marketplace of the future, linking partners, vendors, and small to midsized businesses (SMBs) through AI-powered insights and comprehensive product support. With a global partner ecosystem of over 38,000 managed service providers, Pax8 empowers SMBs worldwide by providing software and services that unlock their growth potential and enhance their security. Committed to innovating cloud commerce at scale, Pax8 drives customer acquisition and solution consumption across its entire ecosystem.<\/p>\n<p><strong>Follow Pax8<\/strong> on <strong><a href=\"https:\/\/www.pax8.com\/blog\/\">Blog<\/a>, <a href=\"https:\/\/www.facebook.com\/Pax8Cloud\">Facebook<\/a>, <a href=\"https:\/\/www.linkedin.com\/company\/pax8\">LinkedIn<\/a>, <a href=\"https:\/\/twitter.com\/pax8\">X<\/a>,<\/strong> and <a href=\"https:\/\/www.youtube.com\/c\/Pax8Cloud\"><strong>YouTube<\/strong><\/a><\/p>\n<p style=\"text-align: center;\">###<\/p>\n<p style=\"text-align: left;\">Media Contact:<br \/>\nDavid Stephan<br \/>\nPublic Relations Manager<br \/>\ndstephan@pax8.com<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pax8 has been ranked on the Deloitte Technology Fast 500\u2122 for its third year in a row. Pax8 grew 371% between 2020 and 2023 earning a ranking of 316.<\/p>\n","protected":false},"featured_media":51020,"menu_order":0,"template":"","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}}},"news_company":[213],"news_category":[214,218,219],"class_list":["post-51019","crb_news","type-crb_news","status-publish","has-post-thumbnail","hentry","news_company-pax8","news_category-featured","news_category-press-release","news_category-us"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.pax8.com\/en-us\/wp-json\/wp\/v2\/crb_news\/51019","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pax8.com\/en-us\/wp-json\/wp\/v2\/crb_news"}],"about":[{"href":"https:\/\/www.pax8.com\/en-us\/wp-json\/wp\/v2\/types\/crb_news"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pax8.com\/en-us\/wp-json\/wp\/v2\/media\/51020"}],"wp:attachment":[{"href":"https:\/\/www.pax8.com\/en-us\/wp-json\/wp\/v2\/media?parent=51019"}],"wp:term":[{"taxonomy":"news_company","embeddable":true,"href":"https:\/\/www.pax8.com\/en-us\/wp-json\/wp\/v2\/news_company?post=51019"},{"taxonomy":"news_category","embeddable":true,"href":"https:\/\/www.pax8.com\/en-us\/wp-json\/wp\/v2\/news_category?post=51019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}