Estimated reading time: 2 minute(s)
Automotive finance and insurance administrator, Axiom, has announced that the company was ranked No. 72 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 now in its 25th year. Axiom grew 1.821% during this period.
“We are very honored by this recognition of placing # 72 out of 500 in Deloitte’s 2019 Technology Fast 500. It’s been a whirlwind these past few years here at Axiom! We are working hard to architect and deliver a traditional finance and insurance product offering with a modern digital transformation solution unmatched in our industry, said CEO & President of Axiom, Michael J. Reth.
“Axiom is working on the next level of digital fin-tech solutions that will only enhance the modern automotive ownership experience, all set to release in 2020. From our team and associates we’d like to thank Deloitte for this prestigious award.”
“This year marks the 25th anniversary of Deloitte’s Technology Fast 500, so we are especially pleased to announce and congratulate the 2019 winners,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “Once again, we saw innovation across the board, with software companies continuing their dominance of the top ten. It’s always inspiring to see how the Fast 500 companies are transforming business and the world we live and work in.”
“As technology innovation trends towards ‘everything as a service,’ it’s no surprise that software companies dominate the winners list yet again this year,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and industry leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice.
“What’s exciting about celebrating 25 years of the Tech Fast 500 is we now have a quarter-century of innovation stories to draw and reflect upon. These are the companies that push boundaries, help organizations become more efficient and productive, and ultimately enable businesses to drive growth and revenue. We congratulate all the well-deserving winners.”
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 be in business for a minimum of four years and be headquartered within North America, generate base-year operating revenues of at least $50K and current-year operating revenues of at least $5M.
Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2015 to 2018.