Evolution1 Named to Deloitte’s Technology Fast 500™ and Marcum Tech Top 40

Lists Recognize Fastest-Growing Technology Companies

Avon, CT and Minneapolis, MN – November 15, 2011 – Evolution1, the nation’s largest electronic payment, on-premise and cloud computing healthcare solution that administers reimbursement accounts, including HSAs, HRAs, FSAs, VEBAs, Wellness and Transit Plans, recently earned recognition on two prestigious technology lists: Deloitte’s 2011 Technology Fast 500™ and the 2011 Marcum Tech Top 40.

Evolution1 ranked number 317 on Deloitte’s 2011 Technology Fast 500 list, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and clean technology companies in North America. Evolution1 grew 264 percent since the 2010 ranking.

“Deloitte’s Technology Fast 500™ recognizes some of the most exciting technology companies in North America today,” said Eric Openshaw, vice chairman and U.S. Technology, Media & Telecommunications leader, Deloitte LLP. “We congratulate all of the ranked companies for their extraordinary achievements.”

Through the 2011 Marcum Tech Top 40 awards, Marcum LLP, one of the nation’s leading accounting and advisory firms, and The Connecticut Technology Council (CTC) recognized the 40 fastest-growing technology companies in Connecticut based on revenue growth over the past four years.

“Connecticut is proud of its innovation heritage. Each year this list of diverse companies reinforces that the state’s tech sector continues to grow and prosper,” said Matthew Nemerson, president and chief executive officer of CTC.

“We are thrilled to have been named to the Deloitte Technology Fast 500™ list for the sixth consecutive year and to the Marcum Tech Top 40 for the fourth consecutive year,” said Jeff Young, chairman and chief executive officer at Evolution1. “To continue to grow and expand year after year – especially in challenging economic times – further underscores our leadership position within the industry. We remain committed to developing technology that simplifies the business of healthcare while reducing costs for all involved.”

Evolution1 serves more than seven million consumers, 50,000 employers, and 400 administrators, health plans and financial institution Partners. The company employs more than 250 people and operates offices in Avon, Connecticut; Fargo, North Dakota; Minneapolis, Minnesota; and St. Louis, Missouri.

About Evolution1
Evolution1 and its Partners serve more than seven million consumers, making it the nation’s largest electronic payment, on-premise and cloud computing healthcare solution that administers reimbursement accounts, including HSAs, HRAs, FSAs, VEBAs, Wellness and Transit Plans. It is the only solution that meets up to 1,200 unique plan designs, provides innovative auto-substantiation technologies, simplifies user experience, and automates workflow for Partners, employers, and consumers. It does all this on one technology platform comprised of Lighthouse1™, PayDirect®, the Benny® Prepaid Benefits Card, Lighthouse1 OneCard™ and integrated web portals. Evolution1 and its Partners are dedicated to delivering value, reducing costs and simplifying the business of healthcare.