COLUMBIA, S.C., Oct. 4, 2012 /PRNewswire/ -- Dovetail Insurance, the leading supplier of cloud-based insurance product delivery services for property-casualty carriers, MGAs and brokers, was named to the 2012 Inc. 500, Inc. Magazine's List of America's Fastest Growing Private Companies.
Dovetail, with more than 1000% revenue growth over the last three years since 2007, ranked number 359 overall, and number 8 in the insurance industry sector. In the insurance segment, Dovetail joined other leading companies, including: Access Insurance Holdings, AmWINS Group, Inc., Distinguished Programs, and Patriot National Insurance Group.
"We are proud to rank on this year's Inc. 500. Since our inception in 2006, we've been focused on developing industry changing solutions in insurance distribution and transaction processing," said Steve Francis, CEO of Dovetail Insurance. "Innovation is at the core of our growth, and we look forward to continuing to develop new services and technology to improve how insurance carriers, MGAs and brokers distribute and process new products and programs."
Inc. 500 Methodology
The 2011 Inc. 500 is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, companies must have been founded and generating revenue by March 31, 2007. Additionally, they had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2010. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2007 is $100,000; the minimum for 2010 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at www.inc.com/500.
About Dovetail Insurance
Dovetail Insurance is a leading provider of cloud-based insurance product delivery services for property-casualty insurance carriers, MGAs and brokers. Founded in 2006 and backed by FirstMark Capital, Dovetail offers insurance program development and administration, back office services for policy administration, and deployment of insurance programs using advanced technologies. With Dovetail's SaaS-based business model, insurance companies have unlimited possibilities for quickly creating and distributing insurance products. For more information visit www.dovetailinsurance.com.
SOURCE Dovetail Insurance Corporation