After successful initial rollout, company targeting Q1 2020 for full market availability
Patra is ranked 25 among companies in local California counties.
The Sacramento Business Journal released its annual list of the Fastest-Growing Companies. To qualify for the list, companies must be based in Sacramento, El Dorado, Placer or Yolo counties and need to have posted at least $200,000 in revenue for 2016. The 2019 list is ranked based on percent growth from 2016-2018.
The Sacramento region is proving to be a hub for fast-growing companies. Of the 51 companies ranked in Sacramento Business Journal’s list, 27 are also featured in Inc. magazine’s prestigious Inc. 5000 list of America’s Fastest-Growing Private Companies! Patra ranks 25 in Sacramento Business Journal’s list and 2,605 in the Inc. 5000 list.
“This year Patra not only ranked locally, but also nationally as one of the fastest-growing companies. It is a true honor to have our hard work recognized at both levels,” says Patra CEO John Simpson. “Patra is proud to call El Dorado Hills home and is thrilled to be surrounded by and learn from the many successful companies in the local area. Together, we enhance our shared community.”
For the second year in a row, Patra is recognized a Top Insurance Workplace.
The process to become a 2019 Top Insurance Workplace was divided into two phases. In the first phase, Insurance Business America invited employers to nominate their organizations to be considered. In the second phase, employees from nominated companies were asked to fill out an anonymous form evaluating their workplace on several metrics, including benefits, compensation, culture, employee development and diversity.
In order to be considered, each organization had to reach a minimum number of employee responses based on overall size. Organizations that received an 80% or greater average satisfaction rating from employees were named a Top Insurance Workplace.
“It is exceptional to realize Patra employees evaluate their workplace so positively. It was my intention from the beginning to create an environment for employees in which they feel motivated and supported and being recognized, now two years in a row, as a Top Insurance Workplace shows that we’re accomplishing our workplace goals,” says Patra CEO John Simpson.
Patra is one of only 53 companies recognized as a top place to work in insurance from the hundreds of companies that participated in the survey. Patra employees overwhelmingly chose to respond to the survey and provide their rating of the company, ultimately earning Patra a higher than average survey score.
For the 3rd year in a row, Patra appears on the Inc. 5000, ranking number 2,605 with three-year revenue growth of 150 percent.
Investments in global operations centers and technology lead expansions.
Strategic Partnership Enables Exclusive Preferred Pricing For MarshBerry Connect Brokers
Patra has hired Tony Li as its Chief Technology Officer (CTO) to lead the company’s technology development initiatives. The hiring comes as part of the company’s continued growth and expanded focus on technology, software-based solutions and new InsurTech applications.
Inc. Magazine ranked Patra No. 2,236 on its 36th annual Inc. 5000, the most prestigious ranking of the nation’s fastest-growing private companies. Patra ranked 30th of the more than 70 firms on the list representing the insurance industry. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment: independent, small and midsized businesses. Companies such as Microsoft, Dell, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees of the Inc. 5000.