Attributes 492% revenue growth to innovation and market expansion
CHICAGO, Ill., NOV. 8, 2023 — Logiwa Inc., a leading cloud based fulfillment management system for high-volume direct-to-consumer (DTC) businesses, proudly announces its ranking at number 274 on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 29th year. Logiwa achieved an astounding 492% growth during this period.
Logiwa’s founder and chief executive officer, Erhan Musaoglu, attributes their 492% revenue growth to their commitment to innovative technology solutions and an expanding market reach. He stated, "Our success is a result of our team's dedication to developing state-of-the-art technology that empowers our customers, along with a willingness to embrace agility in the pursuit of innovation."
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%.
For further insights into Logiwa Inc. and its award-winning fulfillment management system, please visit www.logiwa.com.
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 Logiwa
Logiwa is a leading cloud-based fulfillment management system for high-volume fulfillment networks, direct-to-consumer brands, and 3PLs. The Logiwa Cloud Fulfillment Platform is an integrated WMS and DTC fulfillment system that makes it easy to run a digital warehouse and scale your high-volume fulfillment operations. Logiwa’s solution excels where traditional warehouse management systems fail: it connects quickly with new online stores and marketplaces, makes it easy to run a digital warehouse, and is easily updated to support dynamic warehouse environments. To learn more about Logiwa, please visit www.logiwa.com.
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.