North America’s 28th fastest-growing company achieves nearly 8000% revenue growth, with increasing market opportunity ahead
NEW YORK, November 18, 2020 — Ocrolus, the only intelligent document processing automation platform that analyzes financial documents and digital data with over 99% accuracy, today announced that it was ranked the #28 fastest-growing company on Deloitte’s Technology Fast 500 list and the #1 fastest-growing software company in New York. This announcement follows recognition this summer as the #1 fastest-growing fintech on the 2020 Inc. 5000 list. The company has experienced extreme revenue growth, onboarding a diverse mix of fintechs and financial institutions as customers, including Brex, LendingClub, SoFi, and Sprout Mortgage.
“For more than 25 years, we’ve been honoring companies that define the cutting edge and this year’s Technology Fast 500 list is proof positive that technology — from software and digital media platforms, to biotech — truly does permeate so many facets of our lives,” said Paul Silverglate, vice chairman, Deloitte LLP and U.S. technology sector leader. “We congratulate this year’s winners, especially during a time when innovation is needed more than ever to address the monumental challenges posed by the pandemic.”
“We’re honored by the industry recognition that Ocrolus has received this year,” said Michael Manne, CRO of Ocrolus. “Our success directly reflects the importance of process automation and data analytics to a growing universe of financial organizations.”
“Each year, the Technology Fast 500 listing validates how important technological innovation is to our daily lives. It was interesting to see this year that while software companies continued to dominate, biotech companies rose to the top of the winners list for the first time, demonstrating that new categories of innovation are accelerating in the pursuit of making life easier, safer and more productive,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and industry leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “We extend sincere congratulations to these well-deserved winners — who all embody a spirit of curiosity, and a never-ending commitment to making technology advancements possible.”
To learn more about Ocrolus’ growth and its products, please visit www.ocrolus.com.
About Deloitte’s 2020 Technology Fast 500™
Now in its 26th year, 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 2016 to 2019.
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 $US50,000, and current-year operating revenues of at least $US5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Ocrolus is a human-in-the-loop infrastructure company that transforms documents into data analytics with over 99% accuracy. Ocrolus technology is designed to help financial services companies make high quality decisions with trusted data and unprecedented speed. Inc. Magazine recognized Ocrolus as the #1 fastest-growing fintech nationwide and the #1 fastest-growing software company in NY.
Visit www.ocrolus.com to learn more.