Paperless Parts Makes List of Top 100 Fastest-Growing Companies in North America on the 2023 Deloitte Technology Fast 500™
Strong growth in the manufacturing sector fuels demand for Paperless Parts’ quoting platform.
November 8, 2023
Boston, MA, November 8th, 2023 — Paperless Parts today announced it ranked 96th 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. Paperless Parts is a Series B vertical SaaS platform catering to the unique demands of job shop manufacturers. The software helps users estimate, configure quotes faster, and make informed decisions that help them win more business and drive revenue.
Paperless Parts grew 1,526% over the three-year time frame from 2019 to 2022. Overall, the 2023 Technology Fast 500 companies achieved a median growth rate of 497% over that same 2019 to 2022 period.
“American manufacturing grew substantially in the post-COVID era, with industry diversification, rapid onshoring, and pent-up demand,” says Paperless Parts Co-Founder & Chief Executive Officer Jason Ray. “But many shops struggled to keep up with triaging and quoting all of this work. Paperless Parts helps address that bottleneck and our customers quickly became our biggest advocates and best salespeople. This fueled our strong growth over the past several years.” Paperless Parts publishes some of its customers’ most impactful success stories on their website.
Jon Dorr, VP Services & Solutions at Paperless Parts with Jason Ray, Co-Founder & CEO at Paperless Parts photographed at the Deloitte Fast 500™ award ceremony.
“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. “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.”
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.
About Paperless Parts
Paperless Parts is a cutting-edge vertical SaaS platform that transforms the manufacturing industry by streamlining front-office processes such as quoting and estimating, and capturing invaluable legacy knowledge. This creates greater operational efficiency throughout the manufacturing supply chain. Through its patented geometric interrogation technology, the platform empowers job shops and contract manufacturers to accurately estimate costs, optimize pricing strategies, and foster seamless collaboration between the front office and the shop floor. With comprehensive analytics providing insights into win rates, Paperless Parts becomes an indispensable tool for shop owners, enabling them to enhance efficiency, maximize margins, and ultimately drive overall profitability. For more information about Paperless Parts, visit www.paperlessparts.com.
Paperless Parts Media Contact
Alison MacDonald
[email protected]
About Deloitte
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including nearly 90% of the Fortune 500® and more than 8,500 U.S.-based private companies. At Deloitte, we strive to live our purpose of making an impact that matters by creating trust and confidence in a more equitable society. We leverage our unique blend of business acumen, command of technology, and strategic technology alliances to advise our clients across industries as they build their future. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Bringing more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte’s approximately 457,000 people worldwide connect for impact at www.deloitte.com.
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