Business wire
AI-Driven Sourcing Solution Ranked Among Fastest-Growing Tech Companies, Enabling Smarter, Faster Procurement Decisions
Fairmarkit Named to Deloitte’s 2024 Technology Fast 500™ List
Lane Kearney
Corporate Ink for Fairmarkit
Fairmarkit@corporateink.com
Fairmarkit, a leading autonomous sourcing solutions provider, today announced it has earned a spot on Deloitte’s 2024 Technology Fast 500™, a ranking of the 500 fastest-growing technology companies in North America. This achievement marks a significant milestone in the company’s rapid expansion and impact on AI-driven procurement and sourcing technology.
Serving companies across North America, Europe, and Latin America, clients like BP, Snowflake, Nestlé, Maxar, and Boeing rely on Fairmarkit’s advanced sourcing technology to drive efficiency, enhance supplier engagement, and unlock greater value in their procurement operations. With a growing global presence, Fairmarkit continues to lead the way in reshaping how organizations approach sourcing and procurement.
“Being named to the Deloitte Technology Fast 500 is a reflection of the incredible value we’re delivering to procurement teams through AI-driven innovation,” said Kevin Frechette, CEO of Fairmarkit. “Our platform helps organizations take control of their sourcing processes, make smarter, faster decisions, and ultimately drive real savings. This milestone is a testament to the hard work and vision of our team, as well as our customers who have embraced the future of procurement with us.”
Now in its 30th 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 2020 to 2024.
This year’s Deloitte Technology Fast 500 recognition is the latest accolade for Fairmarkit demonstrating its commitment to innovation as well as employee satisfaction. Recently, Fairmarkit was named to the Top 150 Procurement Companies for 2024 by Procurement Magazine, which honors industry leaders for exceptional innovation, resilience, and excellence in procurement practices. Additionally, Fairmarkit was named to the 2023 BostonInno Fire Awards, Inc. 5000 fastest-growing private companies list in 2023 and 2022. Fairmarkit was recognized by Forbes as one of America's Best Startup Employers in 2023, and customers continue to experience 11.5% cost savings on purchases and a 60%+ time savings in manual procurement efforts.
To learn more about how Fairmarkit is revolutionizing procurement, visit www.fairmarkit.com.
About Fairmarkit
Fairmarkit is the leading autonomous sourcing platform that helps enterprise procurement teams source more, faster, and drive strategic initiatives at scale. By equipping procurement and their stakeholders with automation and AI, Fairmarkit unlocks data visibility and efficiencies for strategic sourcing, intake, category management and much more. Leveraged across a number of industries by innovative procurement teams at companies like BP, Snowflake, Nestlé, Maxar, and Boeing, Fairmarkit aims to revolutionize the way all organizations buy and sell. Learn more at http://www.fairmarkit.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 460,000 people worldwide connect for impact at www.deloitte.com.
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