It also underscores the continuing need for innovative solutions to the challenges and opportunities facing health insurance professionals, such as the need for improved efficiency, greater productivity and an increased online presence
Chicago, IL (PRWEB) October 30, 2008
Norvax, the leading provider of technology and Internet tools for insurance sales, was named the 17th fastest-growing, privately owned software company in the nation according to Inc. Magazine's list of 5,000 top businesses in the U.S.
This was the second consecutive year that Norvax was ranked among the top 20 fastest-growing software companies in the country. Norvax was also ranked #15 among all privately owned businesses in the greater Chicago metropolitan area, which includes portions of northwestern Indiana and southeastern Wisconsin.
Inc. Magazine reported Norvax' growth during the study period as 856.9%, more than 5.8 times the average for the entire Inc. 5000 list. Overall, Norvax was ranked #337 on the Inc. 5000.
"Maintaining our standing on the Inc. 5000 list is another important milestone for our company and lends support to our vision of providing web-based solutions for connecting the health insurance industry with consumers in need of health insurance information, options and coverage," said Clint Jones, Norvax chairman and chief executive officer.
"It also underscores the continuing need for innovative solutions to the challenges and opportunities facing health insurance professionals, such as the need for improved efficiency, greater productivity and an increased online presence," added Brandon Cruz, Norvax president and chief technology officer.
An important factor in Norvax's continued growth has been its pioneering position in the online insurance marketplace. Celent Research estimates that by 2011, more than 90% of all individual health plans purchase will involve the Internet. The Norvax suite of sales automation tools allow agents, brokers and carriers to better serve these online shoppers.
The Norvax "Quoter" website, in particular, allows agent to create a 24-hour self-service resource center for health insurance shoppers. The integrated quote engine and e-application tool allows website visitors to compare plans from more than 70 of the nation's top carriers and even submit completed applications for faster underwriting.
To qualify for the Inc. 5000 list, a company must have been in business for at least four years and must have 2007 revenues of at least $2 million. The list is limited to only privately held, for-profit companies based in the U.S. They must also be independent business, not subsidiaries or divisions of other companies.
The list is the most comprehensive look at the most important segment of the economy: America's independent-minded entrepreneurs. Taken as a whole, these companies represent the backbone of the U.S. economy.
"Our second annual Inc. 5000 continues the most ambitious project in business journalism," said Inc. 5000 Project Manager Jim Melloan. "The Inc. 5000 gives an unrivaled portrait of young, under-reported companies across all industries doing fascinating things with cutting-edge business models, as well as older companies that are still showing impressive growth."
For more information about the Norvax suite of technology solutions for health insurance agents, brokers and carriers, visit http://www.Norvax.com or call 1-866-466-7829 ext 1.
Scott Public Relations
Norvax Inc. is a leading developer of Web-based sales and customer communication tools that connect and help consumers, insurance brokers, agents and carriers transact health insurance business more efficiently. From tools for building health insurance lead-generating Websites to health insurance quote engines and email autoresponders that can automatically include updated health insurance quotes, Norvax's health insurance technology lets agents increase sales, cut administrative time and reduce expenses by initiating customer contact faster and automatically maintaining around-the-clock communications with prospects. Founded in 2001, Norvax was named among the Top 20 fastest-growing software companies in the U.S. in both 2007 and 2008 by Inc Magazine. Norvax is privately held and headquartered in Chicago.