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Tenrox Ranked as One of the Fastest Growing Technology Companies in Deloitte Technology Fast 50 Tenrox, the Integrated Operational Control and Compliance Software Company, today announced that it has been ranked 16th in Deloitte's prestigious Technology Fast 50 Program, a ranking of the 50 fastest growing technology companies in the Los Angeles area by Deloitte & Touch LLP, one of the nation's leading professional services firms. Rankings are based on the percentage of growth in the fiscal year revenues over five years, from 1999-2003. Tenrox CEO, Rudolf Melik, attributes the company's strong growth to its expanding modular product line that meets the needs of over 800 organizations worldwide. “We are extremely proud to be named as one of the fastest growing technology companies. Our customers want to invest in products that can be implemented in a phased manner, are fast to deploy, simple to use, pre-integrated, and provide quick returns. Our rapid revenue growth and new account wins confirm that our strategy is aligned with the market's needs. We are on track for consistent and substantial growth in the coming years.” said Melik.. “The Deloitte Los Angeles Technology Fast 50 companies have shown the strength, vision and temerity to succeed despite a very challenging technology environment,” said Tim Lovoy Deloitte partner, Technology, Media & Telecommunications practice, Los Angeles. “We applaud the successes of Tenrox and acknowledge their place as one of the very few to accomplish such a fast growth rate over the past five years.” To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 1999 and $1,000,000 in 2003, must be public or private companies headquartered in North America, and be a “technology company” defined as owning proprietary technology that contributes to a significant portion of the companies operating revenues (using other companies' technology in a unique way does not qualify); and/or devoting a significant proportion of revenues to research and development of technology. Winners of the 19 regional Technology Fast 50 programs in the United States and Canada are automatically entered in the Deloitte Technology Fast 500 program, which ranks North America's top 500 fastest growing technology companies. For more information on the Fast 50 or Fast 500 programs, visit www.fast500.com. About Deloitte Deloitte, one of the nation's leading professional services firms, providing audit, tax, financial advisory services, and consulting through nearly 30,000 people in more than 80 U.S. cities. Known as an employer of choice for innovative human resources programs, the firm is dedicated to helping its clients and its people excel. “Deloitte” refers to the associated partnerships of Deloitte & Touche USA LLP (Deloitte & Touche LLP and Deloitte Consulting LLP) and subsidiaries. Deloitte is the US member firm of Deloitte Touche Tohmatsu. For more information, please visit Deloitte's web site at www.deloitte.com/us. Deloitte Touche Tohmatsu is an organization of member firms devoted to excellence in providing professional services and advice. We are focused on client service through a global strategy executed locally in nearly 150 countries. With access to the deep intellectual capital of 120,000 people worldwide, our member firms, including their affiliates, deliver services in four professional areas: audit, tax, financial advisory services and consulting. Our member firms serve more than one-half of the world's largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast growing global growth companies. Deloitte Touch Tohmatsu in a Swiss Verein (association), and, as such, neither Deloitte Touch Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte”, “Deloitte & Touche”, “Deloitte Touch Tohmatsu” or other related names. The services described herein are provided by the member firms and not by the Deloitte Touch Tohmatsu Verein. For regulatory and other reasons certain member firms do not provide services in all four professional areas listed above. About Tenrox Tenrox empowers client companies to meet the challenges of globalization, enterprise fragmentation and increased regulatory scrutiny. Available on-demand or on-premises, Tenrox solutions have served more than 800 organizations in 50 countries, maximizing efficiency, data security and reliability. Since 1995, Tenrox has served organizations such as Rio Tinto Alcan, E*TRADE Securities , First National Bank, Visa, Hydro Quebec, Invensys Systems Canada, Major Drilling, Pioneer Natural Resources, US Army, The Pentagon, Talisman Energy, University of Michigan, Northrop Grumman, Oxfam, Thermo Fisher Scientific, Estee Lauder and Wyeth. Tenrox software is available through direct sales channels and a network of worldwide partners. For more information about the company or its award-winning family of products, go to www.tenrox.com. Media Contact:
Product or service names mentioned herein are the trademarks of their respective owners.
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