Deloitte recognizes Passport as one of the fastest-growing technology companies for third year running
Charlotte-based company achieves three-year financial growth of 457% on Deloitte’s 2020 Technology Fast 500™
Charlotte, N.C. (Nov. 18, 2020) — Passport announces today it is ranked No. 246 on Deloitte’s Technology Fast 500™ for 2020. Now in its 26th year, this prestigious award provides a ranking of the fastest growing technology, media, telecommunications, life sciences, and energy tech companies in North America. Passport is recognized for its 457% increase in revenue over the past three years and is the second fastest-growing software company in North Carolina on the list.
Through its digital platform, Passport delivers streamlined management of mobility solutions to hundreds of cities across North America. In the past three years, Passport has expanded in major cities such as Raleigh, NC, Portland, OR, Berkeley, CA and Montreal, Québec.
“We’re proud to work with cities across North America to create more equitable and efficient transportation and mobility systems. Our company’s growth would be impossible without our clients’ trust and our team’s dedication,” said Passport CEO, Bob Youakim. “This award reflects our clients’ and our teams’ success, so we’re honored to be recognized as one of Deloitte’s fastest growing technology companies for the third year in a row.”
Passport has been in a unique position to support cities during the pandemic through safe and contactless parking payments. The company’s open ecosystem approach to parking enables cities to offer a range of parking payment options through everyday mobile applications, rather than one designated app. Recently, the company partnered with Google to enable parkers in Austin, TX, to pay for parking on their devices directly through the Google Maps app. Passport also announced partnerships with PlusPass and PapayaPay, and iAccess Life, a lifestyle mobile app designed to meet the needs of the mobility impaired.
“We’re focused on helping cities recover from the COVID-19 pandemic and build safer, fairer, and more prosperous communities,” said Youakim. “Cities came to a grinding halt in March. Our priority is to help set them back in motion to create more livable, equitable communities.”
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. 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 $US50,000, and current-year operating revenues of at least $US5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Passport sets cities in motion, helping to create more livable, equitable communities. Based in Charlotte, North Carolina, Passport is a transportation software company, delivering the operating system that enables cities to manage vehicle interactions with streets and sidewalks. With Passport, city leaders increase convenience, efficiency and compliance today and tomorrow. Trusted by over 1,000 cities, universities and agencies, including Chicago, Toronto, Los Angeles, and Miami, Passport is one of the fastest-growing companies on the Inc. 5000 and Deloitte Technology Fast 500 lists, and was named to Fast Company’s World’s Most Innovative Companies for 2020.