Summarize with AI
Open this article in your favorite AI assistant for a quick summary.
Santa Clara, Calif., October 19, 2005 OpSource, the SaaS experts(sm), has been ranked #5 in the Rising Star category of the 2005 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. A special category, the Rising Star list ranks 25 winners that have been in business three or four years. They are ranked based on percentage revenue growth over the past three years, 2002 to 2004. The Rising Star list is compiled from public company databases, Deloitte's 15 regional Fast 50 programs and direct nominations from across North America.
"Our 3,946 percent revenue growth over the past three years can be attributed to our passion for service, success-based pricing, world-class SaaS delivery infrastructure and exclusive focus on the fast-growing SaaS market," explained Treb Ryan, CEO, OpSource. "We offer several compelling market differentiators, as the only SaaS enabler with a complete service delivery solution, priced on demand, which includes full managed services, a 24x7 call center under the ISV's brand, application management and more. This is all built on OpSource's patent pending technology platform, which supports rapid integration and deployment of SaaS offerings."
"It is exceptional for a young company to gain early traction in today's highly competitive technology marketplace and especially to report such strong revenue growth," said Tony Kern, deputy national managing principal of Deloitte's Technology, Media & Telecommunications industry practice. "Attracting enough customers to attain such fast growth over the past three years makes a strong statement about the quality of OpSource's products, services and its leadership."
OpSource Named Rising Star in Deloitte's Technology Fast 500 Program
Rising Star Qualifications To qualify as a Fast 500 Rising Star, entrants must have had 2002 operating revenues of at least $50,000 USD or $75,000 CD, for the United States and Canada, respectively, and 2004 operating revenues of at least $1 million USD or CD. Entrants must be headquartered in North America, and be a "technology company," defined as a company that owns proprietary technology that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology in a unique way does not qualify & Public Relations Kit
About Deloitte Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche 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 Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein. Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.