Attributes its 220 Percent Revenue Growth to international customers, support
Auckland, New Zealand, December 4, 2015 – Portland Software Services today announced that it ranked Number 194 on the Deloitte Technology Fast 500™, a ranking of the 500 fastest growing technology companies in Asia Pacific. Rankings are based on percentage revenue growth over three years. Portland Software Services grew 220 percent during this period.
Portland Software Service’s CEO, Greg Woolley, credits international customer uptake with the company’s 220 percent revenue growth over the past three years. He said “international insurers are drawn to the capabilities of our cloud-based GHI+ insurance platform. They also love the great support they get from our team to tailor it to their operation, and get them running and productive fast”.
“Making the Deloitte Technology Fast 500™ is commendable in today’s highly competitive technology industry,” said Ichiro Nakayama, DTTL Leader, Deloitte Technology Fast 500™ Asia Pacific program. “We congratulate Portland Software Services on being one of the 500 fastest growing technology companies in the region.”
“Attracting enough customers to attain such fast growth over three years makes a strong statement about the quality of a company’s product and its leadership,” continued Nakayama. “Portland Software Services has shown the right calibre for growth.”
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$50,000. 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.
About Portland Software Services
Portland Software (www.portland-software.com) is leading the revolution in cost-efficient, flexible, cloud-based health insurance and risk management systems in the insurance and healthcare industry. Its mission is to enable affordable healthcare, globally. They enable their customers to provide totally customised insurance, with a human face.
Headquartered in Auckland, New Zealand, Portland Software serves customers throughout China, Indonesia, Papua New Guinea and Singapore. In 2015 the company entered the New Zealand Deloitte Fast 50, coming in at number 42, directly behind multi-million-dollar accounting software behemoth Xero.
A recipient of a Callaghan Innovation R & D grant in 2015, in the past 18 months Portland Software has invested several million dollars in developing its cloud-based services. It is now gearing up for the next phase of its overseas expansion and recently attracted five additional US-based investors to support its entry into new geographical markets.
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