Olo Named #1 in Dining Category on Fast Company’s Annual List of the World’s Most Innovative Companies for 2023
March 09 2023 - 9:00AM
Business Wire
Leading open SaaS platform joins the ranks of
OpenAI, Disney, Tiffany & Co., and more
Olo Inc. (NYSE:OLO), a leading open SaaS platform for
restaurants, has been named #1 in the dining category on Fast
Company’s prestigious annual list of the World’s Most Innovative
Companies for 2023. This is Olo’s second consecutive year earning a
place on the list.
This year’s list highlights the businesses at the forefront of
their respective industries, paving the way for the innovations of
tomorrow. These companies are setting the standard with some of the
greatest accomplishments of the modern world. In addition to the
World’s 50 Most Innovative Companies, 540 organizations are
recognized across 54 sectors and regions.
“It’s an honor to be recognized by Fast Company as the number
one most innovative company in the dining category, marking Olo’s
second consecutive year on the list,” said Noah Glass, Olo’s
Founder & CEO. “As restaurants continue to face headwinds, Olo
is constantly spearheading groundbreaking innovation to ease the
challenges faced by our 600+ customers and the 85 million guests
that interface on our platform every year. I’m extremely proud of
the work team Olo has done over the past year to drive the
industry’s digital transformation.”
Olo is a leading open SaaS platform, empowering its network of
over 600 restaurant brands across approximately 87,000 locations to
grow their digital sales, increase operational efficiency, and make
every guest feel like a regular by way of its innovative solutions,
300+ technology integrations and actionable guest data captured
through the millions of orders that run on its platform every day.
Enabling hospitality at every guest touchpoint, Olo is constantly
innovating to meet the changing needs of its customers through
purpose-built solutions for ordering, delivery, marketing,
payments, and front- and back-of-house operations. Most recently,
Olo launched Borderless functionality for its payment solution -
Olo Pay, which simplifies the checkout process for guests by
eliminating the need to enter payment information or remember a
password across all participating brands. This de-anonymizes guest
data to meaningfully increase basket conversion, guest retention
and visit frequency.
Fast Company’s editors and writers sought out the companies
making the biggest strides around the globe. They also judged
nominations received through their application process.
The World’s Most Innovative Companies is Fast Company’s
signature franchise and one of its most highly anticipated
editorial efforts of the year. It provides a firsthand look at the
inspiring and innovative efforts of companies across all sectors of
the economy.
“What a strange and thrilling year it has been to honor this
year’s Most Innovative Companies. This year’s list compiles some of
the most cutting-edge groundbreakers who are changing our world
every single day, from legacy organizations like McDonald’s to
upstarts like MrBeast and institutions such as NASA. Everyone on
this list does something completely, uniquely different, yet, they
all have one thing in common: innovation,” said Fast Company
editor-in-chief Brendan Vaughan.
Fast Company will host its third annual Most Innovative
Companies Summit on April 19 and 20. The virtual summit celebrates
the Most Innovative Companies in business, and provides an inside
look at cutting-edge business trends and what it takes to innovate
in 2023. Fast Company’s Most Innovative Companies issue
(March/April 2023) is available online here, as well as in-app form
via iTunes, and on newsstands beginning March 14. The hashtag is
#FCMostInnovative.
About Olo
Olo Inc. (NYSE: OLO) is a leading open SaaS platform for
restaurants that enables hospitality at every guest touchpoint.
Millions of orders per day run on Olo’s on-demand commerce engine,
providing restaurants a single source to understand and serve every
guest from every channel, whether direct or third-party. With
integrations to over 300 technology partners, Olo customers can
build personalized guest experiences in and outside of their four
walls, utilizing one of the largest and most flexible restaurant
tech ecosystems on the market. Over 600 restaurant brands trust Olo
to grow their digital sales, do more with less, and make every
guest feel like a regular. Learn more at olo.com.
About Fast Company
Fast Company is the only media brand fully dedicated to the
vital intersection of business, innovation, and design, engaging
the most influential leaders, companies, and thinkers on the future
of business. Headquartered in New York City, Fast Company is
published by Mansueto Ventures LLC, along with our sister
publication Inc., and can be found online at
www.fastcompany.com.
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