Attributes its 571 Percent Revenue Growth to Increased Demand for SOA Products
LOS ANGELES, Calif.—October 19, 2006 — SOA Software today announced that it has been named to 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 to 2005. SOA Software grew 571 percent during this period.
“SOA Software is proud to be honored alongside renowned industry leaders such as, Google, Yahoo, SanDisk, Comcast and Genentec,” said Paul Gigg, president and chief executive officer of SOA Software. “Our rapid growth over the years validates the enterprise demand for SOA Software’s comprehensive, standards-based SOA infrastructure.”
“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 and Telecommunications industry practice. “SOA 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.”
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.