November 16, 2016
FOR IMMEDIATE RELEASE
Kalli Bean, Vacasa
Phone: (503) 962-9391
Attributes 1,426 Percent Revenue Growth to Market Expansion and Increased Marketing Technology
Portland, Ore. Nov. 16, 2016 — Vacasa today announces it ranked number 67 on on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Vacasa grew 1,426 percent during this period.
Vacasa’s chief executive officer, Eric Breon, credits the company’s market expansion efforts, both domestically and abroad, with Vacasa’s 1,426 percent revenue growth.
“We are honored to be recognized by Deloitte as one of the nation’s fastest-growing companies,” says Breon. “As we strive to scale the Vacasa experience to reach every market in the world, growth is important to us. We will continue to invest in accomplishing a ubiquitous presence, while also providing our homeowners and guests with the best vacation rental service on the market.”
Founded in 2009 and based in Portland, Oregon, Vacasa manages a growing portfolio of more than 4,100 vacation homes in the U.S., Europe, and Central and South America. In seven years, Vacasa has grown from two to more than 1,300 employees, and is the fastest-growing vacation rental management firm in the country.
“Today, when every organization can be a tech company, the most effective businesses not only foster the courage to explore change, but also encourage creativity in using and applying existing assets in new ways, as resourcefully as possible,” said Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications industry leader. “This ingenious approach to innovation calls for the encouragement of curiosity and collaboration both within and outside the office walls.”
“This year’s Fast 500 winners showcase that when organizations are open to diverse perspectives and insights, they are able to create an environment for their employees and customers to see the possibilities and ingenious solutions that might lie ahead,” added Jim Atwell, national managing partner of the emerging growth company practice, Deloitte & Touche LLP. “Entrepreneurial environments foster change and innovation within businesses, and we look forward to watching these companies continue to drive change across all sectors.”
Overall, 2016 Technology Fast 500™ companies achieved revenue growth ranging from 121 percent to 66,661 percent from 2012 to 2015, with median growth of 290 percent.
Vacasa is the fast-growing technology-enabled full-service vacation rental company. Leveraging proprietary technology, Vacasa drives revenue for homeowners and provides a seamless experience for guests. Founded in 2009 and based in Portland, Oregon, Vacasa manages a growing portfolio of more than 4,100 vacation homes in the U.S., Europe, and Central and South America. In seven years, Vacasa has grown from two to more than 1,300 employees, has been honored as the Oregon Better Business Bureau Large Business of the Year and was ranked ninth on the Inc. 5000 Fastest-Growing Companies list. For more information, visit https://www.vacasa.com/.
About Deloitte’s 2016 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 2012 to 2015.
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, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
As used in this document, “Deloitte” means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.