ObjectWin Technology Ranked Number 164 Fastest Growing Company in North America on Deloitte’s 2008 Technology Fast 500
Attributes its 1141 Percent Revenue Growth to its Innovative Technology Solutions
Houston, TX (PRWEB) November 12, 2008 – ObjectWin Technology today announced that it ranked number 164 on Deloitte’s 2008 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 of fiscal year revenue growth over five years, from 2003-2007. ObjectWin grew 1141 percent during this period.
ObjectWin’s CEO, Shawn Karande, credits his talented employees with the company’s 1141% revenue growth over the past five years. He said, “Being ranked on this prestigious list for the third year in a row is an honor and validates our overall growth in the market. Our employees are diligently working on technology innovations that deliver cutting-edge solutions consisting of value and quality assurance.”
“Deloitte’s Technology Fast 500 recognizes companies who have achieved extraordinary growth in North America’s most innovative and competitive market sectors,” said Phil Asmundson, Deloitte LLP vice chairman and national managing partner for Technology, Media and Telecommunications. “We congratulate ObjectWin on this significant accomplishment.”
ObjectWin previously ranked 192 on Deloitte’s 2007 Technology Fast 500.
In addition to ranking on Deloitte’s Technology Fast 500, ObjectWin ranked 15 on the Deloitte’s Technology Fast 50 for Texas, 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 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 2003 to 2007.
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.
As used in this document, “Deloitte” means Deloitte LLP. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
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