Company's 1184% Revenue Growth Driven By
Strategic & Operational Investments in Sell-Side Technology
stack
Inclusion Marks the Company's Second
Consecutive Appearance on the List
HOUSTON, Nov. 21,
2024 /PRNewswire/ -- Direct Digital Holdings ("DDH"
or the "Company") (Nasdaq: DRCT) today announced it ranked number
101 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 30th
year. In its second consecutive year on the list, Direct Digital
Holdings saw 1184% growth and rose from its 108 ranking in 2023.
The Company was also ranked number 3 in Texas and 23 in Digital platforms.
According to Chief Executive Officer, Mark Walker, Direct Digital Holdings has spent
the last year prioritizing investments in its in-house supply-side
platform, Colossus SSP and unifying its two advertising consultancy
groups, Huddled Masses and Orange 142 under one banner. Walker
commented, "This significant growth underscores the value of our
investments in technology and the integration of our services,
allowing us to better meet the needs of our clients while driving
meaningful progress for the business."
"For 30 years, we've been celebrating companies actively driving
innovation. The software industry continues to be a beacon of
growth, and the fintech industry made a strong showing on this
year's list, surpassing life sciences for the first time,"
said Steve Fineberg, Vice
Chair, U.S. technology sector leader, Deloitte. "Significantly, we
also saw a breakthrough in the performance of private companies,
with the highest number of private companies named to the list in
our program's history. This year's winners have shown they have the
vision and expertise to continue performing at a high level, and
that deserves to be celebrated."
"Innovation, transformation, and disruption of the status quo
are at the forefront for this year's Technology Fast 500 list, and
there's no better way to celebrate 30 years of program history,"
said Christie Simons, Partner,
Deloitte & Touche LLP and industry leader for technology, media
and telecommunications within Deloitte's Audit & Assurance
practice. "This year's winning companies have demonstrated a
continuous commitment to growth and remarkable consistency in
driving progress. We extend our congratulations to all of this
year's winners — it's an incredible time for innovation."
Overall, 2024 Technology Fast 500 companies achieved revenue
growth ranging from 201% to 153,625% over the three-year time
frame, with an average growth rate of 1,981% and median growth rate
of 460%.
About the 2024 Deloitte Technology Fast 500
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 2023.
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 Direct Digital Holdings
Direct Digital Holdings
(Nasdaq: DRCT) brings state-of-the-art sell- and buy-side
advertising platforms together under one umbrella company. Direct
Digital Holdings' sell-side platform, Colossus SSP, offers
advertisers of all sizes extensive reach within the general market
and multicultural media properties. The Company's buy-side
platform, Orange 142, delivers significant ROI for middle-market
advertisers by providing data-optimized programmatic solutions for
businesses in sectors ranging from energy to healthcare to travel
to financial services. Direct Digital Holdings' sell- and buy-side
solutions generate billions of impressions per month across
display, CTV, in-app, and other media channels.
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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Limited, a UK private company limited by guarantee ("DTTL"), its
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SOURCE Direct Digital Holdings