SumTotal Systems, the industry’s largest provider of learning and business performance technologies, services and processes, today announced that it has been named as one of the fastest growing technology companies in North America, according to the Deloitte Technology Fast 500, a ranking by Deloitte & Touche LLP of the fastest growing technology companies based on percentage of fiscal year revenue growth over the past five years.
SumTotal Systems ranked 70th on the Fast 500 list, with growth of 3718%. The company also ranked 18th among 50 other Silicon Valley technology companies on the Deloitte Silicon Valley Fast 50.
“We are very pleased to be listed among the prominent technology companies recognized by Deloitte and Touche,” said R. Andrew Eckert, SumTotal CEO. “Our ranking in the Deloitte Fast 500 underscores the steady growth that has made us both a leader in our industry and a stable, long-term partner for enterprises looking to accelerate organizational proficiency and business results.”
As the market leader, SumTotal Systems is able to provide powerful resources and benefits to its customers, including: The largest R&D, services and customer support teams in the industry, providing groundbreaking technologies and world-class customer support.The market’s most comprehensive technology suite, providing one, end-to-end solution; a seamless streamlined user experience; a lower total cost of ownership and the shortest route from implementation to business results. The strongest global network of strategic partners, including Accenture, Deloitte, Exult, IBM, Microsoft, NEC, Primedia and Thomson Learning.The financial strength to offer customers a solid, productive and lasting supplier partnership.
The Deloitte Fast 500 ranks the fastest growing technology companies in North America. It is compiled from Deloitte’s 19 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Winners are selected based on the percentage of growth in revenues from 1999 to 2003, with 1999 operating revenues of at least $50,000 USD and $75,000 CD for the United States and Canada, respectively; and 2003 operating revenues of at least $1 million USD or CD.
For a complete list of the Deloitte Technology Fast 500 winners for 2004 (and past years), visit www.fast500.com.
