Attributes 263 Percent Revenue Growth to an Expanded Product Offering and International Expansion
SAN FRANCISCO — November 29, 2018 — Sojern, the leading provider of real-time travel audiences and digital marketing solutions for the travel industry, today announced it grew 263 percent in 2017 and made Deloitte’s Technology Fast 500™ list for the sixth year in a row. The list provides a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America.
Sojern CEO Mark Rabe credits the company’s revenue growth to an expanded product offering and international growth. He said, “We couldn’t be more excited about making the Deloitte 2018 Technology Fast 500 list again this year. We’ve grown the business to more than 6,000 customers globally—from large, enterprise travel brands to small, independent hotel properties … and everything in between. And the best part is that we’re just getting started.”
“Congratulations to the Deloitte 2018 Technology Fast 500 winners on this impressive achievement,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “These companies are innovators who have converted their disruptive ideas into products, services and experiences that can captivate new customers and drive remarkable growth.”
“Software, which accounts for nearly two of every three companies on the list, continues to produce some of the most exciting technologies of the 21st century, including innovations in artificial intelligence, predictive analytics and robotics,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and Industry Leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “This year’s ranking demonstrates what is likely a national phenomenon, where many companies from all parts of America are transforming the way we do business by combining breakthrough research and development, entrepreneurship and rapid growth.”
Sojern also recently announced that late-stage growth equity firm TCV led a $120 million financing round in the company. With the new financing deal, Sojern looks to build on its years of rapid growth and successful execution—recently marking its 12th consecutive quarter of profitability—to accelerate solutions development for its clients, which include 93 percent of the world’s Fortune 500 travel companies and thousands of independent hotel properties and local tourism providers. Sojern now employs over 500 travel tech experts spread across 13 locations around the world stretching from London to Dubai, Singapore and beyond.
About Deloitte’s 2018 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 2014 to 2017. 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.
Sojern (www.sojern.com) is the leading provider of real-time traveler audiences and digital marketing solutions for the travel industry. Specializing in traveler path-to-purchase data for more than a decade, Sojern now counts 93 percent of the Fortune 500 travel companies as customers and has delivered $13 billion in bookings for its clients to date. Recognized as a Deloitte Technology Top 500 Fastest Growing Company for 5 years in a row, Sojern is headquartered in San Francisco with 13 global locations.
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