Innovest Systems was named to Deloitte's 2015 Technology Fast 500™ ranking recognizing the fastest growing firms in North America.
New York, NY November 18, 2015 – Innovest Systems, a leading provider of modern-era solutions to banks, trust companies, and other financial institutions, announced today that it has been named to Deloitte's 2015 Technology Fast 500™. Deloitte is a global financial services firm delivering audit, consulting, financial advisory, risk management, tax, and related services. Innovest Systems was named to the list after a successful year that included converting 33 new clients onto its wealth management, payments, and execution services platform and increasing revenue by 172% over the past three years. This is Innovest's first year earning a spot on the list.
For the past 21 years, the Deloitte Technology Fast 500™ has celebrated the fastest growing technology companies – large, small, public, and private – in technological innovation, entrepreneurship, and rapid growth. Deloitte's Technology Fast 500™ rankings are based on percentage fiscal year revenue growth over a three year period.
"Innovest is honored to be included on Deloitte's North American Technology Fast 500™. 2015 has been an exciting year in terms of overall growth and expansion. In addition to signing a number of new clients, we have continued to expand our service offering, recently launching AdvisorVue 2.0 as well as announcing a data aggregation service in partnership with OpenFinance. With several significant projects and implementations already underway, I am pleased to say that we are well positioned for an even more successful 2016." said William Thomas, Innovest's chief executive officer.
Innovest supports its clients by delivering products and services that help financial institutions acquire new customers, invest assets effectively, manage trust and investment portfolios efficiently, and flexibly report results. Plans for growth in 2016 include a significant update to InnoVue, Innovest's end-client facing portal, as well as continued enhancement of the payment solutions platform. In August, Innovest was named to Inc. Magazine's list of the 5000 fastest growing private companies in America for the fourth time.
Innovest is a leading provider of financial technology solutions delivered to forward-thinking trust, wealth management, and retirement professionals. Innovest's solutions empower its clients to acquire new customers, invest assets effectively, manage trust and investment portfolios efficiently, and flexibly report results to customers. Innovest has over $425 billion in assets under administration on its trust and wealth management platform, processes more than 4 million payments annually and provides fulfillment services for more than 10 million documents including checks, advices, and tax forms each year. Innovest's wholly owned subsidiary, FinTech Securities, executes over 69 million equity shares annually. For more information about Innovest, visit www.innovestsystems.com.
ABOUT DELOITTE'S TECHNOLOGY FAST 500™
The Deloitte Technology Fast 500 is the leading technology awards program in North America (United States and Canada). Combining technological innovation, entrepreneurship, and rapid growth, Fast 500 companies span a variety of industry sectors and are leaders in hardware, software, telecom, semiconductors, life sciences, and emerging areas such as clean technology. These companies are on the cutting edge and are transforming the way we do business today. In order for companies to be eligible for Technology Fast 500™ recognition, companies must have fiscal year 2012 revenues of at least $50,000 USD, and fiscal year 2015 operating revenues of at least $5 million USD with a growth rate of 75 percent or greater. Companies must also own proprietary intellectual property or proprietary technology and it must be sold to customers in products that contribute to a majority of the company's operating revenues. Additionally, they need to be in business for a minimum of 4 years and be headquartered in North America. To view the list, visit www.fast500.com.