Corestream attributes 217.35% revenue growth to its leading voluntary benefits platform which aims to improve employee retention and engagement
TAMPA, Fla, Nov. 18, 2020 — Corestream, a leading voluntary benefits technology provider, today announced it ranked 431 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. Corestream grew 217.35% during this period and continued to thrive despite business challenges presented by the COVID-19 pandemic.
“Since the beginning, our vision has been to improve the voluntary benefits experience while positively impacting employee retention and engagement,” said Neil Vaswani, co-founder and CEO of Corestream. “This recognition is a huge honor for us. It is an indication that our platform—designed to be the most engaging and most comprehensive platform to manage all aspects of voluntary benefits in-house—is resonating with our customers.”
Corestream’s cloud-based, scalable platform offers employers the flexibility to seamlessly add new voluntary benefits. This enables HR teams to access valuable data and disseminate benefits information easily and effectively. Corestream also solves for the delivery of voluntary benefits, providing employees with an advanced user experience. The employer-branded Corestream portal allows employees to learn about, choose and select benefits that are important to them, further enriching, protecting and enhancing their lives.
One of Corestream’s priorities for the year has been to take a more data-driven approach to business. Data has the power to make employees’ lives easier and can be used to curate benefits offerings that an employee needs, which in turn makes it easier for employees to choose the right benefits. Corestream believes that the value of putting people first will be an increasingly valuable trait that generates greater company success. Employers that support the “whole” employee, and all aspects of their life, will enjoy a more engaged workforce.
The Technology Fast 500 is an award program sponsored by Deloitte that recognizes 500 of the fastest-growing and most innovative technology, media, telecommunications, life sciences and energy tech companies in North America based on percentage of fiscal year revenue growth from 2016 to 2019.
“For more than 25 years, we’ve been honoring companies that define the cutting edge and this year’s Technology Fast 500 list is proof positive that technology — from software and digital media platforms, to biotech — truly does permeate so many facets of our lives,” said Paul Silverglate, vice chairman, Deloitte LLP and U.S. technology sector leader. “We congratulate this year’s winners, especially during a time when innovation is needed more than ever to address the monumental challenges posed by the pandemic.”
“Each year the Technology Fast 500 listing validates how important technology innovation is to our daily lives. It was interesting to see this year that while software companies continued to dominate, biotech companies rose to the top of the winners list for the first time, demonstrating that new categories of innovation are accelerating in the pursuit of making life easier, safer and more productive,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and industry leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “We extend sincere congratulations to these well-deserved winners — who all embody a spirit of curiosity, and a never-ending commitment to making technology advancements possible.”
The Corestream platform is 100% built and managed in-house, providing greater control over product development roadmap, data security and innovation.
About Deloitte’s 2020 Technology Fast 500™
Now in its 26th year, 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 2016 to 2019.
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 $US50,000, and current-year operating revenues of at least $US5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
Corestream is a leading voluntary benefits technology provider that believes the success of any organization relies on the holistic wellness of its workforce, from physical and mental health to financial wellbeing. Corestream’s revolutionary SaaS platform scales the distribution and adoption of voluntary benefits to become an integral part of protecting and enhancing the employees’ livelihood. By removing barriers, streamlining administration and optimizing the user experience Corestream has become a powerful tool in the arsenal of HR teams, brokers, vendors and employees. For more information, visit Corestream.com.