Insurance Software Solutions

Making this list with 357% growth, for the second consecutive year, is a tremendous achievement for IDIT

We are proud to announce that IDIT I.D.I Technologies Ltd. was named among the winners on the 2008 Deloitte Technology Fast 500 EMEA, a ranking of the 500 fastest growing technology companies in Europe, Middle East and Africa. Rankings are based on percentage revenue growth over five years, from 2003–2007.

 

“Achieving sustained revenue growth of 357% over five years is a tremendous achievement,” said Karel Bakkes, partner in charge of Deloitte’s Technology Fast 500 EMEA program. “IDIT’s phenomenal growth puts it in select company.”

 

Yoel Amir, CEO of IDIT Technologies commented: “It is gratifying that Deloitte strongly affirms, for the second consecutive year, our leading position in the insurance technology sector. Our continuous investments in IDIT™ Insurance Software Suite and deep insurance domain expertise backed by our track record of successful implementations, increase the business value we deliver to our customers.”

 

In addition to ranking, for the second consecutive year, on Deloitte’s Technology Fast 500 EMEA, IDIT Technologies was also named as a winner on the 2008 Deloitte Technology Fast 50, a ranking of the 50 fastest growing technology companies in Israel. To determine the fastest growing companies, Deloitte reviewed fiscal year revenues over five years (2003-2007), calculated the revenue growth percentage over five years, and compared the growth of technology companies.

 

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About IDIT
IDIT I.D.I. Technologies Ltd. (www.idit-technologies.com) is a global provider of enterprise software solutions for the insurance & financial markets. Our solutions are based on IDIT™ Software Suite – an enterprise software product which integrates the business capabilities essential for any insurance provider.
Founded in 1998, IDIT I.D.I. Technologies is a member of the Formula Vision group (TASE: FVT) and employs over 100 insurance and IT experts across Europe, APAC and Israel. Its clients include Groupama, Eureko, Interamerican, PolisDirect, IAK, Vanbreda, AON, and Direct Insurance Financial Services among others. The company also has a number of strategic partnerships with leading systems integrators and consulting firms such as IBM, PwC, BSB, and others.

 

About Deloitte

“Deloitte” is the brand under which tens of thousands of dedicated professionals in independent firms throughout the world collaborate to provide audit, consulting, financial advisory, risk management and tax services to selected clients.  These firms are members of Deloitte Touche Tohmatsu, a Swiss Verein (“DTT”).  Each member firm provides services in a particular geographic area and is subject to the laws and professional regulations of the particular country or countries in which it operates.  DTT helps coordinate the activities of the member firms but does not itself provide services to clients.  DTT and the member firms are separate and distinct legal entities, which cannot obligate the other entities.  DTT and each DTT member firm are only liable for their own acts or omissions, and not those of each other.  Each DTT Member Firm is structured differently in accordance with national laws, regulations, customary practice and other factors, and may secure the provision of professional services in their territories through subsidiaries, affiliates and/or other entities.
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, and its network of member firms, each of which is a legally separate and independent entity.  Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu and its Member Firms.  © 2008 Deloitte Touche Tohmatsu. All rights reserved.

 

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Except for historical information contained herein, The matters set forth in this release are forward-looking statements that are dependent on certain risks and uncertainties, including such factors, among others, as market acceptance, market demand, pricing, changing regulatory environment, changing economic conditions, risks in new product and service development, the effect of the company's accounting policies and other risk factors.

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