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Deloitte’s Technology Fast 500™ Ranks Invaluable as One of the 500 Fastest Growing Companies in North America

Monday, November 16, 2015 8:00 am EST

Dateline:

BOSTON
"As we work to revolutionize the live auction industry and make art more accessible than ever before using innovative digital and mobile technology, we are honored to be included as part of this prestigious ranking by the team at Deloitte"

Invaluable, the world’s leading online live auction marketplace, today announced that it was named one of the fastest growing companies in North America by Deloitte’s Technology Fast 500™. The ranking includes the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America.

“As we work to revolutionize the live auction industry and make art more accessible than ever before using innovative digital and mobile technology, we are honored to be included as part of this prestigious ranking by the team at Deloitte,” said Rob Weisberg, Invaluable CEO. “Invaluable offers the most advanced technology in the auction industry with our best-in-class online bidding platform, cutting-edge video capabilities and continued growth in mobile technology, and I’m extremely proud of our team for helping us achieve such a high rate of growth over the past few years.”

In addition to enabling online bidding for premier auction houses around the world on the Invaluable marketplace, Invaluable’s industry-leading technology also powers all online bidding on Sotheby.com, as well as eBay live auctions.

Invaluable’s partners benefit from the company’s proprietary high-speed broker architecture, which is based on similar technology that is used by many of the world’s largest trading exchanges. Bid messages are delivered through the broker array within milliseconds, ensuring online bidders can compete in real-time with those on the saleroom floor.

In addition, Invaluable’s video platform is the most advanced video broadcast solution currently available in the auction industry. Offering high-resolution image quality, along with a large and high quality stream, the platform allows the company to support hundreds of thousands of concurrent video attendees without loss of timing or delay.

Lastly, mobile technology continues to play an important role in Invaluable’s growth. Invaluable’s mobile app for iPad and iPhone features exclusive “swipe to bid” technology, and with nearly 40 percent of all site traffic coming to Invaluable from mobile devices, the app provides users an easy, reliable way to place bids during live auction sales.

“The iPad is truly starting to replace the paddle at auction houses around the world, as Invaluable’s live, asynchronous video capabilities recreate full-on live experiences that can be seamlessly accessed through any mobile device,” continued Weisberg. “By embracing technology, we’re exposing a younger, tech-savvy, high net-worth generation to the auction industry, and I look forward to our continued growth.”

Overall, 2015 Technology Fast 500 companies achieved revenue growth ranging from 109 percent to 21,984 percent from 2011 to 2014, with an average growth of 850 percent.

About Deloitte’s 2015 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 2011 to 2014.

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 or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.

About Invaluable

Invaluable, the world’s leading online live auction marketplace, features a live online bidding platform that allows collectors and dealers to bid in real-time in auctions held around the world. As the leading developer of SaaS and e-commerce applications for the auction industry, Invaluable provides auction houses with e-commerce and marketing solutions, as well as auction management software. Invaluable’s best-in-class historical price database includes more than 58 million complete auction results, totaling more than $204 billion in value. Founded in 1989 and headquartered in Boston, Invaluable also has offices in the United Kingdom, France, Germany and Australia. For more information, visitwww.Invaluable.com or follow us on Twitter: @InvaluableLive.


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Invaluable today announced it was named one of the fastest growing companies in North America by Deloitte’s Technology Fast 500™. (Graphic: Business Wire)

Contact:

Invaluable
Colleen McCormick, 617-746-9825
Director of Communications
cmccormick@invaluable.com