Attributes growth to delivering on promise to be obsessed with customer success
BOSTON, November 9, 2017 — Toast, the all-in-one restaurant technology platform and one of the fastest-growing technology companies in the U.S., announces it ranked third on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy technology companies in North America. This is the Company’s first year on the prestigious list.
“We’re experiencing yet another exceptional year at Toast, all thanks to our loyal customers, employees, partners and investors,” said Chris Comparato, CEO of Toast. “Our team is thrilled to be recognized as one of the fastest growing companies in the U.S. and will continue to deliver on our promise to be obsessed with customer success. Without our restaurant clients and industry-leading team, we could not have been ranked third on Deloitte’s Technology Fast 500™.”
In addition to its Deloitte 2017 Technology Fast 500™ listing, Toast saw the following in 2017:
- Expanded its Boston headquarters, opened a Dublin-based office in October, and set plans to establish a new business operations center in Omaha, Nebraska beginning in early 2018;
- Announced raising over $100 million as part of its Series C financing;
- Added SynergySuite, YellowDog, Harri, PeachWorks, and more to its best-in-class partner ecosystem, the Toast API Partner Program;
- Graduated from the Forbes 2016 Cloud 100: Rising Stars list to the Forbes 2017 Cloud 100, the definitive list of the top 100 private cloud companies in the world; and,
- Revealed its third annual Toast Restaurant Technology in 2017 Industry Report.
Toast offers advanced functionality to manage day-to-day operations of the restaurant, including quick menu modifications, real-time enterprise reporting and labor management on an easy-to-use interface. The Toast Restaurant POS features include revenue-driving tools such as physical and digital gift cards, loyalty programs and online ordering.
Founded by Steve Fredette, Aman Narang and Jonathan Grimm, Toast is a restaurant technology platform that enables customers to simplify and streamline all elements of their operation and deliver a better guest experience. Toast offers a mobile, cloud-based point of sale system (POS) that easily integrates with front-of-house, back-of-house, online ordering, gift card and loyalty programs, as well as labor and sales reporting. Since launching in 2013, the company has grown to over 500 employees. In 2017, Toast was named one of the world’s hottest cloud computing companies in the Forbes Cloud 100 and it announced raising over $100 million as part of its Series C financing. Learn more at www.toasttab.com.
About Deloitte’s 2017 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 2013 to 2016.
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.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
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