|[November 14, 2012]
Evolution1™ Named to Deloitte's 2012 Technology Fast 500™
MINNEAPOLIS --(Business Wire)--
today announced it ranked #322 on Deloitte's (News - Alert) Technology Fast 500™, a
ranking of the 500 fastest growing technology, media,
telecommunications, life sciences, and clean technology companies in
North America. Evolution1 grew 237 percent since the 2011 ranking.
"We are proud to honor the 2012 Technology Fast 500™ companies, and
commend them for their outstanding growth," said Eric Openshaw, vice
chairman, Deloitte LLP and U.S. technology, media and telecommunications
(TMT) leader. "These ground-breaking companies have outpaced their
competition and are reinventing the way we do business today."
The industry leader in electronic healthcare solutions, Evolution1 and
its 450 Partners serve 60,000 employers and more than eight million
consumers. Through its solutions and products, Evolution1 and its
Partners have saved employers $43 million in administrative costs to
date in 2012, eliminated more than 52 million paper claims, and saved
$79 million in automation savings.
"We are thrilled to have been named to the Deloitte Technology Fast 500™
list for the seventh consecutive year," said Jeff
Young, chairman and chief executive officer at Evolution1. "We shae
this award with our Partners. Together with them, we are dedicated to
reducing costs and simplifying the business of healthcare."
Evolution1 continues to build key relationships, signing multi-year
partnerships with a number of large health plans and leading third-party
administrators that use Evolution1 as their strategic platform of
choice. These partnerships solidify Evolution1's leadership as the
company continues towards record growth.
"The companies on the Fast 500 list are among those that have
demonstrated remarkable innovation, creativity and business savvy," said
Bill Ribaudo. partner, Deloitte & Touche LLP and national TMT leader for
audit and enterprise risk services (AERS). "As a result, these companies
have continued to successfully forge ahead in a challenging economic
environment. We applaud the leadership and employees of Evolution1 for
this impressive accomplishment."
About Deloitte's 2012 Technology Fast 500™
500, conducted by Deloitte & Touche LLP, provides a ranking of the
fastest growing technology, media, telecommunications, life sciences and
clean technology companies - both public and private - in North America.
Technology Fast 500 award winners are selected based on percentage
fiscal year revenue growth from 2007 to 2011.
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 or CD, and current-year operating revenues of at
least $5 million USD or CD. Additionally, companies must be in business
for a minimum of five years, and be headquartered within North America.
Evolution1 and our Partners serve more than
8 million consumers, making us the nation's largest electronic payment,
on-premise and cloud computing healthcare solution that administers
reimbursement accounts, including HSAs, HRAs, FSAs, VEBAs, PRAs,
Wellness and Transit Plans. It is the only solution that offers a single
end-to-end user experience, provides innovative auto-substantiation
technologies, and automates workflow for Partners, employers, and
consumers. It does all this on one technology platform comprised of
Lighthouse1™, PayDirect®, the Benny® Benefits
Debit Card, Lighthouse1 OneCard™ and integrated web portals. Evolution1
and our Partners are dedicated to delivering value, reducing costs
and simplifying the business of healthcare. For more information, visit www.evolution1.com.
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