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Sydney, Australia 9/12/2016 – BizCover today announced that it ranked Number 461 on the Deloitte Technology Fast 500™ Asia Pacific 2016, a ranking of the 500 fastest growing technology companies in Asia Pacific. Rankings are based on percentage revenue growth over three years. BizCover grew 103 percent during this period.
BizCover’s Founder and CEO, Michael Gottlieb is delighted with the growth and the achievement of making the fast 500 list in 3 of the past 4 years. He said, “this recognition is especially sweet given we are heading into our 10th year of business and still growing well. It is a tremendous achievement by our team and testament to our absolute focus on providing SME’s with a transparent, efficient and better way to buy business insurance.”
“Making the Deloitte Technology Fast 500™ is commendable in today’s highly competitive technology industry,” said Toshifumi Kusunoki, DTTL Leader, Deloitte Technology Fast 500™ Asia Pacific program. “We congratulate BizCover on being one of the 500 fastest growing technology companies in the region.”
BizCover previously ranked 297 on 2013 Deloitte Technology Fast 500™ and 442 on 2014 Deloitte Technology Fast 500™.
BizCover has also been listed in Deloitte Technology Fast 50 Awards in 2011, 2012 and 2013.
Overall, companies that ranked on the Deloitte Technology Fast 500™ Asia Pacific 2016 program had an average growth rate of 573 percent—the highest average growth rate since 2008.
Deloitte Technology Fast 500™ Asia Pacific selection and qualifications
The Technology Fast 500™ list is compiled from the Deloitte Asia Pacific Technology Fast 50 programs, nominations submitted directly to the Technology Fast 500™, and public company database research. To qualify for the Technology Fast 500™, entrants must have had base-year operating revenues of at least US$ 55,000. Entrants must also be public or private companies headquartered in Asia Pacific and must be a “technology company,” defined as a company that develops or owns proprietary technology that contributes to a significant portion of the company’s operating revenues; or manufactures a technology-related product; or devotes a high percentage of effort to the research and development of technology. Using other companies’ technology in a unique way does not qualify.