November 17, 2022

AdAdapted Ranked No. 374 Fastest-Growing Company in North America on the 2022 Deloitte Technology Fast 500

AdAdapted, an advertising technology company that gets brands onto shopping lists and into carts, today announced that it has ranked No. 374 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 28th year. 

AdAdapted grew in revenue by 366% from 2018 to 2021. The company credits its latest product launches and exclusive partnerships with the company’s revenue growth. 

“Our recently launched advertising technology solutions have led us to increase our revenue year-over-year for the past several years,” said Mike Pedersen, co-founder and CEO, AdAdapted. “Combined with our exclusive relationships with nine out of the top 10 major grocery list apps, AdAdapted has consistently offered brands a one-stop ad-tech solution to help them get their products onto shopping lists and into carts. Brands utilizing our solutions see positive results through third-party validated data on sales lift and return on their ad spend.” 

“This year’s Technology Fast 500 list is a true reflection of some of today’s most determined and inspiring pioneers who have prospered by anticipating what’s next, understanding what’s needed to succeed and driving creativity forward,” said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s audit and assurance practice. “Representing all facets of technology, the winners have shown they not only have the vision but can also expertly manage their companies through rapid growth. We congratulate each winner on their impressive achievements.” 

AdAdapted was previously ranked 328 in the 2021 Deloitte Technology Fast 500, achieving 372% revenue growth over a three-year period. 

About AdAdapted

AdAdapted is an advertising technology company offering solutions to increase the purchase intent of shoppers by reaching the right consumers at the right time to get brands onto shopping lists and into carts. The company’s offerings for CPG brands, agencies and retailers range from managed-service to self-service and SaaS solutions, shopping list to ecommerce, video to display. With more than 110 million U.S. shoppers using mobile devices for their grocery lists, AdAdapted has built a distinct audience and ad offering that uses intent-based targeting, providing the easiest, most efficient way to reach active verified shoppers — exactly when they decide what to buy.

About the 2022 Deloitte Technology Fast 500™

Now in its 28th 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 2018 to 2021.

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 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.

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