GoMaterials Ranked Number 409 Fastest-Growing Company in North America on the 2023 Deloitte Technology Fast 500™
Attributes 298% Revenue Growth to a continued drive towards improvement, product innovation, and customer satisfaction.
Montreal, QC, 08 November 2023 — GoMaterials today announced it ranked No. 409 on the Deloitte Technology Fast 500™, a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 29th year. GoMaterials grew 298% during this period.
GoMaterials’ chief executive officer, Michael Bellows, credits product innovation and customer satisfaction with the company’s 298% revenue growth. He said, “We’re delighted to be recognized as one of the Fastest-Growing Companies in North America on the 2023 Deloitte Technology Fast 500tm! This achievement reflects the dedication of our exceptional team and the strong faith our customers and partners have in us. At GoMaterials, our core values revolve around fostering growth and driving innovation, and this prestigious acknowledgement only ignites our passion to continue breaking new ground in the landscape construction industry. We are truly at the beginning of an exciting journey!”
“Each year we look forward to reviewing the progress and innovations of our Technology Fast 500 winners. This year is especially celebratory as we expand the number of winners to better represent just how many companies are developing new ideas to progress our society and the world, especially during a slow economy,” said Paul Silverglate, vice chair, Deloitte LLP and U.S. technology sector leader. “While software and services and life sciences continue to dominate the top 10, we are encouraged to see other categories making their mark. Congratulations to all the winners who show us how creativity, hard work and perseverance can lead to success.”
“As for growing companies, it’s always rewarding to be recognized for the ongoing commitment it takes to navigate obstacles, transform when necessary and ultimately create a thriving business,” said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s audit and assurance practice. “Over the nearly 30 years we’ve been compiling the Technology Fast 500, we’ve seen new categories emerge, growth rates explode, and certain regional markets shine from the bright talent they attract. We are proud of all the winners for achieving this well-deserved honor.”
Overall, the 2023 Technology Fast 500 companies achieved revenue growth ranging from 201% to 222,189% over the three-year time frame from 2019 to 2022, with an average growth rate of 1,934% and a median growth rate of 497%.
About the 2023 Deloitte Technology Fast 500
Now in its 29th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, 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 2019 to 2022.
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 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.
Founded in 2016, GoMaterials is a hassle-free B2B marketplace for landscape materials. Landscape contractors use GoMaterials to source wholesale plant and tree materials from hundreds of verified wholesale nurseries across the US and Canada.
The end-to-end service helps landscaping businesses with all aspects of procurement such as search, price comparison, quality assurance and logistics organization. Landscaping businesses can easily access the service without any upfront costs or membership fees.
Today, GoMaterials is used to source millions of dollars in annual landscape material volume and is operational in Canada and the USA.
Visit the company website here.
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