TicketNetwork Ranks #1 on Deloitte Technology Fast 50 List and Is Finalist for UHY LLP Connecticut Tech Top 40 Award
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VERNON, CT, Oct 23 (MARKET WIRE) --
TicketNetwork, the leading source for the ticket industry's most
comprehensive inventory, today proudly announced that it has garnered two
significant honors ranking first on the Deloitte Fast 50 list and is a
finalist for the UHY LLP Connecticut Tech Top 40 award. These honors come
on the heels of another award win in August 2008, when TicketNetwork
ranked number twenty-seven on Inc Magazine's annual ranking of the 5,000
fastest-growing private companies in the country. TicketNetwork has
achieved 111,580% growth over a five year period.
"The entire TicketNetwork team is ecstatic and deeply honored in being
recognized for our efforts in successfully growing a business from the
ground-up and rapidly establishing multiple revenue channels in a highly
dynamic, expanding sector," said Don Vaccaro, CEO of TicketNetwork. "The
secondary ticket market has evolved into a solid, reputable industry due
to the transparencies of the Web and legislative changes on state levels.
TicketNetwork has been positioned at the forefront of this evolution, by
providing ticket brokers with software to make their businesses more
efficient and profitable. The brokers' embracement of our web-based
technology has enabled us to aggregate their ticket inventory online and
become one of the leading web sites providing tickets for consumer
purchase," added Vaccaro. "We thank Deloitte and the Connecticut
Technology Council for these tremendous accolades," said Vaccaro.
"To rank on Deloitte's Technology Fast 50, companies must have phenomenal
revenue growth over five years," said Kevin Buckley, Technology Fast 50
Program Director, Deloitte Services LP. "TicketNetwork has proven to be
one of the fast-growth success stories in New York, New Jersey, and
Connecticut and we applaud their dedication to making their vision a
reality," added Buckley.
Deloitte's Technology Fast 50 ranks the 50 fastest growing technology,
media, telecommunications, and life sciences companies in fourteen regions
in the United States and Canada. Both programs are based on fiscal year
revenue growth over five years (2003-2007).
"TicketNetwork is a shining example of how a home grown company can excel
in Connecticut and dominate its respective industry," said Matthew
Nemerson, president and CEO, Connecticut Technology Council. "The bar
measuring TicketNetwork's revenue growth has been set very high this year.
We congratulate Don Vaccaro and his superb team in making TicketNetwork
the premiere source for tickets," added Nemerson.
The UHY LLP Tech Top 40 continues a tradition of honoring the state's
fastest growing companies on the basis of revenue growth. The Connecticut
Technology Council UHY LLP awards program recognizes forty fastest growing
companies in Connecticut on the basis of revenue growth over four years,
with a first year revenue requirement of $50,000 and minimum revenues of
$3 million in the fourth year.
About TicketNetwork
TicketNetwork is the leading source for the most comprehensive selection
of tickets at competitive prices. It is the world's leading provider of
real-time ticket inventory and sells sought after tickets to concert,
sporting, and theater events throughout North America. TicketNetwork's
inventory includes more than $1 billion in tickets to 82,000 events
worldwide. TicketNetwork's properties include: TicketLiquidator.com,
TicketNetwork Direct, TicketNews, Ticket Summit 2009 and TicketNetwork
point-of-sale solutions. TicketNetwork.com was founded in 2002 and is
headquartered in Vernon, Connecticut. For more information, visit
www.ticketnetwork.com.
About Deloitte
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.
About UHY LLP
UHY LLP is a licensed independent CPA firm that performs attest services
for UHY Advisors, Inc. UHY Advisors, Inc. provides tax and business
consulting services through wholly owned subsidiary entities that operate
under the name "UHY Advisors." UHY Advisors, Inc. and its subsidiary
entities have more than 1300 professionals providing services from 23
offices across the United States. UHY Advisors, Inc. and its subsidiaries
are not licensed CPA firms. UHY LLP and UHY Advisors, Inc. are independent
members of UHY International. www.uhyllp-us.com
About The Connecticut Technology Council, Inc.
The Connecticut Technology Council is the state's industry association for
the technology sector. CTC's mission is to "connect people, ideas and
opportunities to the global technology and innovation community." CTC
provides members with business assistance and specialized programs, in
addition to promoting and supporting public policies that position
Connecticut to have a globally recognized "culture of innovation" that
helps attract great ideas and entrepreneurs to in turn develop new jobs
and wealth for the state. www.ct.org
Contact:
VMW Public Relations, LLC
Viveca Woods
646-418-6934
vwoods@vmwpr.com
TicketNetwork
Molly Martinez
1-860-870-3400 x132
mollym@ticketnetwork.com
Copyright 2008, Market Wire, All rights reserved.
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