Utah Business magazine today announced its list of "Fast 50" companies for 2015, naming HealthEquity (Nasdaq: HQY) as one of Utah's fastest-growing companies.

Utah Business ranked HealthEquity No. 11 on the magazine's list of the state's top 50 growth companies for 2015, a mark of the company's rapid growth trajectory and expansion. HealthEquity, the nation's first non-bank health savings account custodian, experienced a 42 percent increase in revenue during the 2015 fiscal year. This is up from 2014, when it increased 35 percent. The company currently employs more than 550 team members, with more than 500 based in Utah. To accommodate its significant growth, the company recently broke ground on a new office building in Draper, Utah, which is scheduled to open next summer.

"HealthEquity is honored to be named as one of Utah's 50 fastest growing companies," said Jon Kessler, CEO of HealthEquity. "This award is a testament to the ongoing commitment and dedication of our employees and the effectiveness of our platform. We plan to keep investing for growth and extending our product leadership in an expanding global marketplace so we can continue to empower our customers with the best healthcare tools available."

The 2015 "Fast 50" list was calculated based on five years of compound growth combined with a revenue component. For more information, and a list of the other Utah-based companies included on the list, please visit utahbusiness.com.

About HealthEquity

Founded in 2002, HealthEquity is one of the nation's oldest and largest dedicated health savings custodians. The company's innovative technology platform and tax-advantaged accounts help members build health savings, while controlling health care costs. HealthEquity services more than 1.5 million health savings accounts for 70 health plan partners and employees at approximately 27,000 companies across the United States.

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