welocalize ranked number 323 fastest growing company in north america on deloitte’s 2010 technology fast 500™
Attributes its 284 Percent Revenue Growth to Diverse Global Staff, Strategic Partners and Clients
Frederick, Maryland USA – October 27, 2010 – Welocalize announced that it ranked number 323 on Technology Fast 500™, Deloitte’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 period from 2005–2009. Welocalize grew 284 percent during this period.
Welocalize’s CFO, Tim Delbrugge, credits the company’s global staff, strategic partners and clients with the company’s 284 percent revenue growth over the past five years. He explains, “Our accelerated growth continues to reflect of our clients’ desire to meet their customer’s requirements for on-demand services as they push their offerings to the cloud. This level of growth, particularly given the recent recession, would not be possible without our flexible and diverse global employees and strategic partners who meet our clients’ demands, while maintaining a high level of quality.
“Welocalize and the other 2010 Technology Fast 500™ winners forged ahead in a challenging economic environment to realize exceptional growth,” said Phil Asmundson, vice chairman and Deloitte’s U.S. technology, media and telecommunications leader. “Deloitte commends Welocalize for this impressive accomplishment.”
“Welocalize has proved itself to be one of the fastest growing tech companies in North America, and we are proud to honor them as one of the 2010 Technology Fast 500™,” said Mark Jensen, managing partner, venture capital services, Deloitte & Touche LLP. Overall, Technology Fast 500™ award winners for 2010 had revenue growth ranging from 146 percent to 164,079 percent from 2005 to 2009, with an average growth of 2,361 percent.
Fast 500 Selection & 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 2002 to 2006.
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.
For additional detail on the Technology Fast 500™ including selection and qualifying criteria, visit http:\\www.fast500.com
As used in this document, “Deloitte” means Deloitte LLP. Please seete.com/us/www.deloitabout for a detailed description of the legal structure of Deloitte LLP and its subsidiaries
Welocalize offers integrated globalization services and products for the fluid and rapid deployment of enterprise content and applications to international markets. We provide globalization consulting, translation, localization, testing solutions and enterprise translation management tools that are optimized to be able to deliver on-demand translation in over 100 languages.
Our clients include Autodesk, Inc.; Canon; Cisco Systems; Computer Associates; IBM; Microsoft; Sun and Symantec. With over 400 employees worldwide, Welocalize maintains 9 offices in the United States, Germany, Ireland, Japan and China . Please visit www.welocalize.com for more information.