Press Release
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INFOGLIDE SOFTWARE RANKED 103RD FASTEST GROWING COMPANY IN NORTH AMERICA ON DELOITTE'S 2006 TECHNOLOGY FAST 500
Attributes its Over 2000 Percent Revenue Growth to Continued Success in the U.S. Government Market and Expansion Into Retail and International Markets
AUSTIN, Texas, October 19, 2006 - Infoglide Software Corporation today announced that it ranked number 103 on Deloitte's 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications, and life sciences companies in North America. Rankings are based on percentage revenue growth over five years, from 2001-2005. Infoglide Software grew over 2000 percent during this period.
Infoglide Software CEO Michael Shultz credits the company's strong presence in the U.S. homeland security market and its more recent successes in the retail and international government markets with the company's 2,082% revenue growth over the past five years. He said, "We're very pleased to have a place on Deloitte's Technology Fast 500 again this year. This further validates what we're doing with our technology and our market strategy."
"Sophisticated technology is becoming the norm and is in almost everything in the 21st century," said Tony Kern, deputy managing principal of Deloitte's Technology, Media & Telecommunications industry practice. "Infoglide Software has developed technology solutions that deliver in today's highly competitive world, and we applaud their efforts, ingenuity and teamwork in becoming one of the fastest growing technology companies in North America."
Infoglide Software previously ranked 155 on 2005 Deloitte's Technology Fast 500. In addition to ranking on Deloitte's Technology Fast 500, Infoglide Software ranked 12 on the Texas Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in Texas.
Fast 500 Selection and Qualifying Criteria
The Fast 500 ranks the fastest growing technology, media, telecommunications
and life sciences companies in North America. It is compiled from
Deloitte's 16 regional North American Fast 50 programs, nominations
submitted directly to the Fast 500, and public company database
research. Companies are selected based on percentage revenue growth
from 2001 to 2005.
Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss
Verein, its member firms and their respective subsidiaries and
affiliates. Deloitte Touche Tohmatsu is an organization of member
firms around the world devoted to excellence in providing professional
services and advice, focused on client service through a global
strategy executed locally in nearly 150 countries. With access
to the deep intellectual capital of 120,000 people worldwide, Deloitte
delivers services in four professional areas, audit, tax, consulting
and financial advisory services, and serves more than one-half
of the world's largest companies, as well as large national enterprises,
public institutions, locally important clients, and successful,
fast-growing global growth companies. Services are not provided
by the Deloitte Touche Tohmatsu Verein and, for regulatory and
other reasons, certain member firms do not provide services in
all four professional areas.
As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte", "Deloitte & Touche", "Deloitte Touche Tohmatsu" or other related names.
In the US, Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu and services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP. The subsidiaries of the US member firm are among the nation's leading professional services firms, providing audit, tax, consulting and financial advisory services through nearly 30,000 people in more than 80 cities. Known as employers of choice for innovative human resources programs, they are dedicated to helping their clients and their people excel. For more information, please visit the US member firm's web site at www.deloitte.com/us.
About Infoglide Software Corporation
Infoglide Software Corporation (www.infoglidesoftware.com)
is the leader in the emerging transactional business intelligence
market. The company ranked #67 on the 2004 Inc. 500 with four/five
year average annual sales growth of 387%. Infoglide Software provides
a new generation of enterprise software that enables organizations
to apply business intelligence in an operational environment by integrating
real-time transactional data with remote and disparate historical
data to achieve true enterprise intelligence. The company’s enterprise
software, Bladeworks™, enables more accurate and informed decisions;
streamlines operational processes; increases efficiencies and reduces
operational costs; transforms data in real-time into useful and useable
information; improves customer service and customer interaction;
and drives more profitable relationships with customers. Bladeworks
is used in business-critical applications including enterprise risk
management, automated fraud detection, enterprise identity management,
transactional CRM, compliance, enhanced data connectivity, and enhanced
data mining. Current markets include financial services, information
services, transportation, retail, e-business, insurance, government,
and CRM. Incorporated in 1996, Infoglide Software is a privately
held company headquartered in Austin, Texas.
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Infoglide®, Infoglide Software™, Infoglide Software logo, and Bladeworks™ are trademarks of Infoglide Software Corporation. All other company or product names are the registered trademarks or trademarks of their respective owners.
