Fifth Consecutive Year Evolution1 Makes List of Fastest-Growing Technology Companies
MINNEAPOLIS--(BUSINESS WIRE)-- Evolution1™ has been named to the fifth annual 2012 Marcum Tech Top 40 list of the 40 fastest growing technology companies in Connecticut. Through the awards, Marcum LLP, one of the nation’s leading accounting and advisory firms, and The Connecticut Technology Council (CTC) recognize the 40 fastest-growing technology companies in Connecticut based on revenue growth over the past four years.
“We are thrilled to have been named to the Marcum Tech Top 40 for the fifth consecutive year,” Jeff Young, chairman and CEO of Evolution1. “To continue to grow and expand year after year – especially during such challenging times in the healthcare industry – further underscores our leadership position. We remain committed to developing technology that simplifies the business of healthcare while reducing costs for all involved.”
Evolution1 is the nation’s largest electronic payment, on-premise, and cloud computing healthcare solution that administers reimbursement accounts, including HSAs, HRAs, FSAs, VEBAs, PRAs, and Wellness and Transit Plans. With its Partners, Evolution1 saved its customers and their employees more than $2 billion in 2011 through annual healthcare cost reductions and tax savings. Additionally, Evolution1 saved its Partners more than $43 million in annual operating costs through claim and payments automation.
“Connecticut is still proud of its remarkable heritage of innovation and invention. The 2012 list of Tech Top 40 companies reinforces the vital role of the tech sector in enabling the state to find ways to grow and create jobs even in a changing and challenging economic environment. These 40 firms are role models and worthy of the attention this event brings them,” said Matthew Nemerson, president and CEO of the Connecticut Technology Council.
The 2012 Marcum Tech Top 40 recognition comes on the heels of Evolution1 being named for the fifth consecutive year to the 2012 Inc. 500|5000 list of America’s fastest-growing private companies. Young credits strong Partner success, robust technology innovation, and industry-leading mobile application functionality for Evolution1’s exceptional revenue growth and accomplishments.
Young and other Evolution1 senior leaders will discuss Evolution1 product technology as well as industry insights at the company’s upcoming Industry Update 2012 on October 30.
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.