ReverseVision Ranked Number 367 Fastest Growing Company
in North America on Deloitte’s 2015 Technology Fast 500
Attributes 175.1 Percent Revenue Growth to a focused effort to bring new lenders to the reverse lending industry.
Fri, 13 Nov 2015, 13:10:02 EST
SAN DIEGO, Calif., Nov. 13, 2015 (SEND2PRESS NEWSWIRE) — ReverseVision today announced it ranked number 367 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. ReverseVision grew 175.1 percent during this period.
ReverseVision’s President & CEO, John Button credits a special focus on education and support for lenders to enter the reverse lending industry. Significant investments in compliance, operations, infrastructure and support have created a superior loan origination system that resulted in the company enjoying 175.1 percent revenue growth.
“It is an honor for ReverseVision to receive recognition from such a high-profile organization, we are grateful to the staff at Deloitte for recognizing ReverseVision as a top 500 growing technology company,” said Button. “ReverseVision has benefited from partnerships with our customers that have added many new companies to the reverse lending industry over the past few years. We continue to focus on leading in innovation, compliance and customer service to fuel the industry’s grow in the coming years.”
“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.”
Overall, 2015 Technology Fast 500™ companies achieved revenue growth ranging from 109 percent to 21,984 percent from 2011 to 2014, with an average growth of 850 percent.
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.
ReverseVision, Inc. (http://reversevision.com/) is the leading software and technology provider for the reverse mortgage industry offering products and services focused exclusively on reverse mortgages. More reverse mortgages are originated monthly using ReverseVision’s RV Exchange platform than all other systems combined. ReverseVision has partnered with some of the finest and fastest growing lending organizations in the U.S. to provide the leading reverse mortgage technology to brokers, correspondents, lenders and investors. ReverseVision is recognized as a driving innovator in the reverse mortgage industry. ReverseVision continues to improve their software with frequent new innovations building on pioneering capabilities in reverse mortgage interactive graphs, scenario analysis, multi-environment performance analysis and workflow in the origination process.