Attributes 602% Revenue Growth to shifting vehicle shopping landscape


 

Syracuse, NY, November 19,2020 SpinCar announced today that it was named on Deloitte’s Technology Fast 500™list for 2020, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and energy tech companies in North America now in its 26th year. SpinCar grew 602% during this period. This is the second year in a row that SpinCar has been selected as a Technology Fast 500™ award winner.

Devin Daly, Co-Founder and CEO, credits SpinCar’s impressive growth to the company’s rapidly expanding product suite and the significant shifts taking place in the auto shopping landscape. “The automotive industry is undergoing massive digital disruption due to changing consumer behavior, and sellers are searching for solutions that can help them meet new shopper expectations while differentiating themselves from  the competition,” said Daly. “Our product platform enables retailers, wholesalers and online marketplaces to provide immersive and engaging experiences that bring the physical showroom to life online, increasing  shopper engagement and conversion. We’re proud to provide industry-leading innovation and technical expertise to vehicle sellers around the world and we look forward to many more years of growth.”

“For more than 25 years, we’ve been honoring companies that define the cutting edge and this year’s Technology Fast 500 list is proof positive that technology — from software and digital media platforms, to biotech — truly does permeate so many facets of our lives,” said Paul Silverglate, vice chairman, Deloitte LLP and U.S. technology sector leader. “We congratulate this year’s winners, especially during a time when innovation is needed more than ever to address the monumental challenges posed by the pandemic.”

“Each year the Technology Fast 500 listing validates how important technology innovation is to our daily lives,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and industry leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “We extend sincere congratulations to these well-deserved winners — who all embody a spirit of curiosity, and a never-ending commitment to making technology advancements possible.”

About Deloitte’s 2020 Technology Fast 500™

Now in its 26th year, 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 2016 to 2019.

About SpinCar

SpinCar offers vehicle dealers, wholesalers, OEMs and third-party marketplaces the industry’s most advanced platform for digital merchandising. The company’s suite of products build trust between buyers and sellers by bringing the physical showroom experience to car shoppers wherever and whenever they want. SpinCar’s proprietary shopper behavioral data and digital technology applications enable vehicle sellers to deliver hyper-personalized interactions across the entire buying journey. To date, the company has delivered more than 1 billion shopper interactions in more than 30 countries.

About Deloitte

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.