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Attributes an 80% growth rate to the company’s positive impact on the deaf and hard of hearing community during COVID-19
BUENA PARK, Calif., Nov. 17, 2021 (GLOBE NEWSWIRE) – InnoCaption, a mobile app-based provider of real-time captioning of phone calls for the deaf and hard of hearing, announced today that it is ranked 271 in the Deloitte Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences, fintech, and energy technology companies in North America. The company achieved this rank with an average growth rate of 80% from 2017 to 2020.
Joseph Lee, Co-CEO and Founder of InnoCaption, said, “The remote mandates of COVID-19 have brought untold difficulties and stresses to the hearing impaired community – from the way they work and live, to the way they work and live Way they communicate with doctors and loved ones. Our mission to improve their quality of life with user-friendly, accessible technology solutions has paid off not only for our company, but also for the new users whom we have been able to reach and positively influence in these chaotic times. We are humble about the Deloitte award and look forward to further growth. “
“Each year Technology Fast highlights 500 leading technology innovators, and this year is no exception,” said Paul Silverglate, Vice Chairman, Deloitte LLP and US technology leader. “Given the myriad of challenges posed by the pandemic, the best and brightest have been able to spin, reinvent, transform and grow. We celebrate the winning organizations and especially the talented people who drive their success. “
“The pandemic has highlighted the urgent need for technical solutions in a wide variety of areas in healthcare, fintech, power engineering, entertainment, to name a few. It’s more important than ever to rely on innovators like the Technology Fast 500 winners. ” called Christie Simons, Partner, Deloitte & Touche LLP and technology, media and telecommunications industry leader in Deloitte’s Audit & Assurance space. “Not only are these companies cutting edge and changing the way we do business, but most importantly, realizing the strategic importance of continuous innovation, especially in the ever-changing world of technology.”
InnoCaption’s mission is to provide the deaf and hard of hearing with the best telecommunications access solution, a vision based on the personal experience and passion of the team. In 2021 alone, the company was ranked 1,017th 2021 Inc. 5000 list, was selected as a finalist for Fast Company’s 2021 world-changing ideas for their property, Desk view, and was a gold winner of the Stevie Awards’ American business awards because of its profound effects during the pandemic.
About the Deloitte Technology Fast 500 ™ 2021
Now in its 27thNS Year, the Deloitte Technology Fast 500 ranks the fastest growing technology, media, telecommunications, life sciences, fintech and energy technology companies – both public and private – in North America. Technology Fast 500 award winners will be selected based on percent revenue growth for the fiscal year 2017-2020.
To qualify for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that make up a large portion of the company’s operating revenues. Organizations must have at least $ 50,000 in operating revenue for the base year and at least $ 5 million in operating revenue for the current year. Additionally, companies must have been in business for at least four years and be headquartered in North America.
InnoCaption is the only FCC-certified closed captioning telephone service that provides real-time closed captioning for incoming and outgoing calls on smartphones by stenographers. InnoCaption also offers the option of subtitling through industry-leading Automatic Speech Recognition (ASR) technology if users do not want a live assistant during a call. Users can easily make and receive calls with subtitles through the InnoCaption mobile app, available on both iOS and Android phones and tablets. This subtitling service is funded by the federal government and is available free of charge to people whose hearing loss makes it difficult to understand phone calls.
InnoCaption strives to provide the deaf and hard of hearing community with the best solution for access to telecommunications. The management team behind InnoCaption has always focused on putting users’ accessibility needs first, so they can innovate, since the InnoCaption app was launched in 2016.
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Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private limited company (“DTTL”), its network of member firms and its affiliates. DTTL and each of its member firms are legally separate and independent entities. DTTL (also known as “Deloitte Global”) does not provide any services to customers. In the United States, Deloitte refers to one or more of the US member firms of DTTL, its affiliates operating in the United States under the name “Deloitte”, and their respective affiliates. Certain services may not be available to certify clients under public accounting rules and regulations. Please see www.deloitte.com/about to learn more about our global network of member firms.
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