CHICAGO, Nov. 15, 2018 /PRNewswire/ -- Snapsheet today announced it ranked 147th on Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Snapsheet grew 755 percent during this period.
Snapsheet's chief executive officer, Brad Weisberg, credits the revenue growth with the software's innovation and optimization of workflow, real-time metrics and superior customer engagement. He said, "Claims processing in insurance typically takes weeks, and we have reduced that time to 2.5 days. Our team's efficiency and customer-first attitude are why we've grown so immensely, and we're honored to be named to the Deloitte 2018 Technology Fast 500 in recognition of this."
"Software, which accounts for nearly two of every three companies on the Deloitte 2018 Technology Fast 500 list, continues to produce some of the most exciting technologies of the 21st century," said Mohana Dissanayake, partner, Deloitte & Touche LLP, and Industry Leader for technology, media and telecommunications, within Deloitte's audit and assurance practice. "This year's ranking demonstrates what is likely a national phenomenon, where many companies from all parts of America are transforming the way we do business by combining breakthrough research and development, entrepreneurship and rapid growth."
About Deloitte's 2018 Technology Fast 500™
Deloitte's Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2014 to 2017.
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, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Snapsheet is the leading provider of virtual claims solutions. Using powerful technology to improve workflows for more than 70 insurance carriers around the world, Snapsheet creates a simple claims process starting with virtual estimations and continuing through final repairs and payment. By streamlining communication between consumers, shops, and carriers, Snapsheet takes complicated processes and makes them fast and simple for everyone involved. For more information, please visit http://www.snapsheetapp.com/.
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