2X CEO Domenic Colasante Named RemoteTech Breakthrough CEO of the Year

2X

MALVERN, PA — Domenic Colasante, CEO of 2X, has been honored as RemoteTech Breakthrough CEO of the Year at the 5th Annual RemoteTech Breakthrough Awards. This award recognizes Colasante’s leadership and contributions to remote and hybrid technology sectors.

The RemoteTech Breakthrough Awards celebrate global leaders and innovators in remote technology with thousands of nominations worldwide. Colasante and 2X now stand among major players like Deel, Eptura, Gusto, Mitel, Remote, RingCentral, Slack, and Workday.

Colasante anticipated the shift towards hybrid work even before the COVID-19 pandemic. 2X transitioned smoothly to fully remote operations and grew significantly during the pandemic. The company added 200 employees in 2021 and 250 more in the first half of 2022. Colasante’s focus on a culture of trust and productivity resulted in a voluntary employee turnover rate of just 14%, well below the industry average.

His commitment to employee well-being is evident in 2X’s flexible work hours, structured remote work policies, and comprehensive health and wellness benefits. This holistic approach ensures that 2X evolves its remote and hybrid work practices for both the company’s and employees’ benefit.

“I am deeply honored to receive the RemoteTech Breakthrough CEO of the Year Award,” said Colasante. “This recognition is a testament to the hard work and dedication of the entire 2X team. We have always been trailblazers in the remote work industry, pioneering innovative strategies that redefine how marketing services are delivered. Our commitment to flexibility, productivity, and employee well-being continues to drive our success and set new standards in the industry.”

Since its inception in 2017, 2X has shown an exceptional 88% six-year compound annual growth rate (CAGR) with over 25% EBITDA. This strong financial performance highlights the company’s successful adaptation to the remote work model and its resilience in a rapidly changing market.

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Embracing Remote Success: How 2X Leads the Way in Tech Evolution

The implications of this award extend beyond personal accolades for Colasante. It signifies a broader acceptance and validation of remote work models in the technology sector. By recognizing leaders who excel in remote management, the industry acknowledges that flexible work environments can lead to high productivity and employee satisfaction.

As businesses worldwide grapple with post-pandemic work structures, 2X’s success offers a blueprint. Colasante’s leadership demonstrates that remote work, when managed effectively, not only sustains but also drives growth. This case sets a precedent for other companies considering or already implementing remote or hybrid work models.

The recognition of Colasante and 2X by the RemoteTech Breakthrough Awards underscores the evolving nature of work and the critical role of visionary leadership in navigating these changes. As companies continue to adapt, the lessons from 2X’s experience will likely shape the future of work in the tech industry and beyond.

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