Attributes 776 Percent Revenue Growth to Expanding Customer Base
ShopKeep today announced it ranked 116 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. ShopKeep grew 776 percent during this period.
ShopKeep’s significant growth follows a year of rapid growth for the company, in which their merchant customer base increased across the retail, quick-service and full service restaurant segments.
“The way small businesses run and grow their operations has been radically reshaped through technology, and ShopKeep has been at the forefront of bringing new capabilities to independent merchants with our cloud-based iPad point of sale.” said Michael DeSimone, Chief Executive Officer, ShopKeep. “It is an honor to be recognized by this prestigious organization as a top-ranked technology provider. We will continue to drive innovation and expand our capabilities to ensure we offer our customers a smart, connected, and easy-to-use POS solution that helps them both enhance and simplify the way they manage their business.”
This marks ShopKeep’s first time being ranked on the Technology Fast 500™, with the Company being the highest ranked provider of POS solutions on the list. Developed and designed for small business owners, by small business owners, ShopKeep transforms the iPad into a connected cash register. The nimble and secure iPad POS allows independent retailers and restaurants to tap into sophisticated operations management technology without the high level of costs and complexity traditionally associated with point of sale systems.
Overall, 2016 Technology Fast 500™ companies achieved revenue growth ranging from 121 percent to 66,661 percent from 2012 to 2015, with median growth of 290 percent.
About Deloitte’s 2016 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 2012 to 2015.
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.
As used in this document, “Deloitte” means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.
Everything ShopKeep does supports growing and independent businesses. Built by and for small business owners, ShopKeep provides an intuitive, secure, iPad point-of-sale system with POS software that empowers merchants to run smarter businesses by optimizing staffing, regulating inventory and accessing sales reports and customer information on one seamless, cloud-based platform. With more than 23,000 customers, ShopKeep’s award-winning customer care team is available to help 24/7 and provide a robust support network for growing business owners. A member of Apple’s Mobile Partnership Program, ShopKeep is headquartered in New York, with offices in Portland, Chicago, Washington, D.C. and Belfast. Follow @ShopKeep on Twitter, join the discussion on the ShopKeep blog or visit www.shopkeep.com to learn more about ShopKeep’s POS system.
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