Pax8 ranked #131 on the Deloitte Technology Fast 500 2022

DENVER, Nov. 17, 2022 (GLOBE NEWSWIRE) — Pax8, the leading cloud commerce marketplace, today announced that it is ranked #131 in the Deloitte Technology Fast 500™, a ranking of the 500 fastest growing technology, media , telecom and life sciences , fintech and energy technology company in North America, now in its 28th yearth Year. Technology Fast 500 award winners are selected based on percentage revenue growth over the fiscal year 2018-2021. Pax8 grew 1,122% during this period.

“Pax8 continues to expand with more than 1,400 employees in 17 countries, and our culture drives our success,” said John Street, chief executive officer at Pax8. “With our mission to be the world’s #1 marketplace for buying cloud products, we enable businesses around the world to become more efficient, drive growth and reduce risk. We have accomplished some extraordinary things and look forward to the next phase of our journey.”

To qualify for Technology Fast 500 recognition, companies must have proprietary intellectual property or technology that is sold to customers in products that contribute the majority of the company’s operating revenues. Companies must have base year operating income of at least US$50,000 and current year operating income of at least US$5 million. In addition, companies must have been in business for at least four years and be headquartered in North America. Overall, 2022 Technology Fast 500™ companies achieved revenue growth of 241% to 125,138% from 2018 to 2021, with an average growth of 611%.

“This year’s Technology Fast 500 list reflects some of today’s most determined and inspiring pioneers who have succeeded by anticipating what’s coming next, understanding what it takes to succeed, and driving creativity,” said Christie Simons, Partner, Deloitte & Touche LLP and industry leader in technology, media and telecom within Deloitte’s audit and assurance practice. “Representing all facets of technology, the winners have demonstrated that they not only have the vision, but also the ability to expertly lead their businesses through rapid growth. We congratulate each winner on their impressive achievements.”

“As the past year has shown us, innovation in key areas such as life sciences is critical to addressing infectious diseases and other global health challenges,” said Paul Silverglate, vice chairman of Deloitte LLP and head of the US technology sector. “Moreover, technology must keep up with the ever-changing demands of consumers and businesses for faster, safer and more efficient solutions to new societal challenges. Each year I am in awe of the immense talent that the Technology Fast 500 leaderboard reveals, validating the winners’ relentless pursuit of creativity and ability to solve real-world problems that benefit us all.”

To learn more about Pax8, please visit www.pax8.com.

About Pax8
Pax8 is the world’s favorite cloud marketplace for IT professionals to buy, sell and manage world-class technology solutions. Pioneering the future of modern business, Pax8 has cloud-enabled more than 350,000 businesses through its channel partners and processes one million transactions per month. Pax8’s award-winning technology enables Managed Service Providers (MSPs) to accelerate growth, increase efficiencies and reduce risk so their businesses can thrive. The innovative company has been listed among the Inc. 5000 for five years in a row. Join the revolution at pax8.com.

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About Deloitte
Deloitte refers to Deloitte Touche Tohmatsu Limited, a UK private limited company (“DTTL”), its network of member firms and its affiliates. DTTL and each of its member companies 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 US member firms of DTTL, their affiliates doing business in the United States as “Deloitte”, and their respective affiliates. Certain services may not be available to certify clients in accordance with public accounting rules and regulations. Visit www.deloitte.com/about to learn more about our global network of member firms.

Pax8 media contact:
Melissa Gallegos
communications director
[email protected]

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