ConnectWise Ranked Number 376 Fastest Growing Company in North America on Deloitte's 2009 Technology Fast 500
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ConnectWise Ranked Number 376 Fastest Growing Company in North America on
Deloitte's 2009 Technology Fast 500
Attributes its 321% Percent Revenue Growth to interest in cloud services
TAMPA, Fla., Oct. 22 /PRNewswire/ -- ConnectWise, the leading SaaS/Cloud
provider of professional service automation (PSA) applications today announced
that it ranked number 376 on Technology Fast 500(TM), Deloitte LLP's ranking
of 500 of the fastest growing technology, media, telecommunications, life
sciences and clean technology companies in North America. Rankings are based
on percentage of fiscal year revenue growth during the five year period from
2004-2008. ConnectWise grew 321 percent during this period.
(Logo: http://www.newscom.com/cgi-bin/prnh/20090304/FL78680LOGO )
ConnectWise CEO, Arnie Bellini, credits increasing interest and adoption of
software-as-a-service and cloud computing with the company's 321% revenue
growth over the past five years. He said, "Although this plaque has our name
on it, it's really a reflection of how the IT Nation - the global community of
IT solution providers - is increasing its strength through collaboration and
partnerships. The ConnectWise cloud platform is the enabling technology moving
the IT Nation towards resource sharing and synergy, resulting in a major
competitive advantage for ConnectWise and our partners."
"Technology Fast 500(TM) recognizes innovative companies that have broken down
barriers to success and defied the odds with their remarkable five-year
revenue growth," said Phil Asmundson, Vice Chairman and U.S. Technology, Media
and Telecommunications leader, Deloitte LLP. "We congratulate ConnectWise on
this accomplishment."
"With its impressive five-year growth, ConnectWise has earned its position
among the fastest growing technology, media, telecommunications, life sciences
and clean technology companies in North America," said Mark Jensen, Managing
Partner, Technology and Venture Capital Services, Deloitte & Touche LLP.
"Deloitte is proud to honor ConnectWise for its achievement."
Overall, Technology Fast 500(TM) award winners for 2009 had growth rates
ranging from 212 to 146,050 percent over five years, with an average growth
rate of 2,486 percent.
Technology Fast 500(TM) Selection and Qualifying Criteria
Technology Fast 500(TM) provides a ranking of the fastest growing technology,
media, telecommunications, life sciences and clean technology companies in
North America. This ranking is compiled from nominations submitted directly to
the Technology Fast 500(TM) website, and public company database research
conducted by Deloitte. Technology Fast 500(TM) award winners for 2009 are
selected based on percentage fiscal year revenue growth during the five year
period from 2004 to 2008. In order to be eligible for Technology Fast 500(TM)
recognition, companies must own proprietary intellectual property or
proprietary technology that contributes to a significant portion of the
company's operating revenues. Using other companies' technology or
intellectual property in a unique way does not satisfy this requirement.
Consulting companies, professional service firms, etc. are not eligible unless
they have proprietary technology that contributes to a significant portion of
their operating revenues. Technology Fast 500(TM) award eligibility
requirements also include base-year operating revenues of at least $50,000 USD
or CD, and current-year operating revenues of at least $5 million USD or CD.
These revenues must have more than doubled between 2004 and 2008.
Additionally, companies must be in business for a minimum of five years, and
be headquartered within North America.
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About ConnectWise
ConnectWise is the leading SaaS/Cloud provider of professional service
automation (PSA) applications designed exclusively for technology consultants,
integrators and developers. More than 32,000 IT solution providers rely on
ConnectWise to more efficiently integrate key business operations across their
enterprises, from business development and project management to client
services and billing. ConnectWise technology enables IT companies to drive
greater accountability, operational efficiency, profitability, and tighter
systems integration. Visit http://www.connectwise.com for more information or
call 813-463-4760.
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.
CONTACT AGENCY:
Mark Smith
JPR Communications
818-884-8282
marks@jprcom.com
Skype: jprmark
SOURCE ConnectWise
Mark Smith, JPR Communications, +1-818-884-8282, marks@jprcom.com, Skype:
jprmark
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