Australia's leading telehealth solution, Coviu, has been recognised as a company to watch in Deloitte’s Technology Fast 50 Awards for 2020, placing second in the Rising Star category of the prestigious awards.
Coviu sells purpose-built video telehealth software to healthcare companies. During the last 9 months, Coviu has enabled over 2 million video visits to take place between patients and clinicians, helping to keep the spread of the Coronavirus under control. By growing from 400 video visits a day to 25,000 at the height of the crisis, Coviu achieved a 11,553% growth placing it second in the Rising Star category.
Cofounders Dr Silvia Pfeiffer and Nathan Oehlman were ecstatic to receive the award, celebrating all the hard work that the team has put into scaling the business in recent months. “The award is a major recognition of our work and exposes us to a broader audience to demonstrate how we transform healthcare businesses.”
Earlier this month, Dr Silvia Pfeiffer was named Founder of Year at the 2020 Women in Digital National Awards.
The 2020 Deloitte Technology Fast 50 Australia Awards rank Australia’s fastest growing public or private technology companies, based on their percentage revenue growth over the last three years (2018-20). To qualify for the full list, each company must have minimum cumulative revenues of $8m over the period.
The Rising Star category highlights companies reporting high levels of revenue growth over a period of less than three years and who do not, therefore, yet qualify for the Technology Fast 50 Awards.
Supported by the ASX, National Australia Bank and DLA Piper Australia, the awards are in their twentieth year and provide international recognition for Australian innovation, with the winners gaining automatic entry into the Deloitte Asia Pacific Technology Fast 500 program.
“The Rising Star list identifies those companies who are making a real name for themselves in the sector and who are poised to create further scale in the years ahead,” Technology Fast 50 Leader, Deloitte Partner Josh Tanchel, said.
“Let’s face it, 2020 has not been a normal year,” said Tanchel. “The winning list in 2020 highlights that the COVID-crisis has continued to accelerate the disruption of traditional industries. The rise of businesses that have successfully harnessed technology is clear. Every company nominated this year has shown great resilience and resourcefulness. We’re delighted that despite the extraordinary circumstances, so many Australian tech companies are continuing to experience growth. Deloitte congratulates all of those companies that made the list in 2020 and we look forward to tracking their ongoing progress in the years ahead.”
The largest category in the awards this year was online/direct to consumer, with COVID-19 accelerating the shift from physical stores to online by at least three years. There were also big sector wins in software and converging sectors, such as fintech and health-tech, where the intersection of consumers and technology continues to drive change, and communications/IT services which are enabling the digital transformation.