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InsPro Technologies today announced it ranked number 140 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. InsPro Technologies’ revenue increased 694 percent during this period.
InsPro Technologies has established itself as a proven leader in the insurance software market, offering insurance carriers and third party administrators (TPAs) a policy administration platform that provides an unequaled ability to reduce costs, support growth through quicker speed-to-market, improve customer service, and mitigate risks.
Robert J. Oakes, president and CEO of InsPro Technologies said, “We are absolutely delighted to be included in this year’s Deloitte Technology Fast 500™. It is a huge honor for us and great recognition for both our employees and clients, who have worked so hard to make InsPro Enterprise a comprehensive, next generation policy administration solution. We are looking forward to an exciting 2013 as the market continues to present us with new challenges and opportunities.”
“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 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 InsPro Technologies for this impressive accomplishment.”
Overall, 2012 Technology Fast 500™ companies achieved revenue growth ranging from 128 percent to 279,684 percent from 2007 to 2011, with an average growth of 2,774 percent.