MEQUON, Wis., Nov. 19, 2015 /PRNewswire/ -- Wonderbox Technologies, an agile, innovative software firm that is part of the SKYGEN USA family of distinguished benefit solutions companies, announced today it ranked 257 on Deloitte's Technology Fast 500™, a list of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Wonderbox Technologies grew 286 percent from 2011 to 2014.
Craig Kasten, chairman of the board and co-founder of Wonderbox Technologies, credits the company's commitment to developing solutions that help health payers meet the challenges of becoming 21st century organizations in a post-Affordable Care Act (ACA) marketplace, and to delivering responsive, personalized service to its clients, with the company's 286% revenue growth.
"Most health payers are still relying on technologies that were implemented 30 years ago, before the commercial use of the Internet," Kasten said. "That makes it difficult for them to keep up with the demands of today's providers and members. Our Enterprise System software is built using current technologies that are Internet- and cloud-enabled, which helps payers bridge the gaps between the old and the new and solve many of the challenges they're facing today."
Kasten added, "It gives payers powerful tools such as the ability to process large volumes of automated transactions with rock-solid reliability and security, advanced dashboard-driven business analytics, and the ability to create highly configurable provider and member self-serve portals that enhance satisfaction and reduce administrative costs. These capabilities are what has been driving our explosive growth and will continue to in the future. We are excited it has earned us a place on the Deloitte Technology Fast 500."
"Amid a fierce business climate, there seems to be no shortage of new and established companies that are unlocking a seemingly unlimited potential for growth and advancement through technology's continued disruption and proliferation across industries," said Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. "It is inspiring to witness the innovative ways that companies are incorporating emerging technologies for business gains, be it cognitive computing, or the Internet of Things. We congratulate all those ranked on this year's Fast 500 and look forward to seeing their continued growth into 2016."
"Through the efforts and utilization of new and emerging technologies from these companies, we are witnessing greater business demands from across almost all industries," added Jim Atwell, national managing partner of the emerging company practice, Deloitte & Touche LLP. "We look forward to the opportunity to serve these companies as they strive to grow to the next level – be it towards introducing new solutions or entering new markets – and with it make important and long lasting impressions on the technology market as a whole."
About Deloitte's 2015 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 2011 to 2014.
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 or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
About Wonderbox Technologies
Wonderbox Technologies, part of the SKYGEN USA family of companies that specialize in benefit management solutions, is a distinguished, agile software company focused on building next-generation technology for the specialty payer market. This technology enables healthcare payers to remain at the forefront of benefit management by using one of the world's most innovative and flexible technology platforms to dramatically improve automation, achieve compliance and reduce the cost of delivering healthcare benefits. To learn more, visit www.wonderboxtech.com.
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