Accruent Named to Deloitte & Touche's 'Technology Fast 50' for the Second Consecutive Year.Business Editors SANTA MONICA Santa Monica (săn`tə mŏn`ĭkə), city (1990 pop. 86,905), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1886. Tourism and retailing are important, and the city has motion-picture, biotechnology, and software industries. , Calif.--(BUSINESS WIRE)--Aug. 6, 2002 Accruent, Inc., the leading provider of enterprise contract management solutions, today announced it has been named to Deloitte & Touche's "2002 Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. Technology Fast 50" list, a ranking of the fastest growing technology companies in the region based on a percentage of revenue growth. A two-time recipient of this prestigious designation, Accruent ranked 18th on the 2001 Fast 50 list with a revenue growth rate of 541% from 1996-2000. "In today's economy, triple digit percentage revenue growth is an exceptional accomplishment," said Gary Dickey, partner, Technology, Media & Telecommunications group, Los Angeles office of Deloitte & Touche. "We commend Accruent for making the commitment to technology and delivering on the promise of market longevity. We are proud to honor Accruent as a Deloitte & Touche Technology Fast 50 winner for the second consecutive year." Accruent CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Mark Friedman attributes the growth to the company's increasing desire to gain insight into the complex contract terms and conditions that drive their customer's organizations. "Today more than ever executives are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. solutions that take the guess-work out of contract compliance and provide better visibility into their business while reducing risk," said Friedman. The problem is not going unnoticed as analysts predict the contract management software market will reach $20 billion by 2007. "While contract management solutions are in the early stages of adoption, we believe executives will accelerate their internal contract management initiatives as a core business process. This, in turn, will fuel the market opportunity for our solutions as contract management becomes increasingly important," said Friedman. "We'll continue to grow our business by increasing revenue and profitability and generating strong cash flow which allows us to invest in the company's future. To be recognized by Deloitte and Touche is a tremendous validation of our efforts, our growth strategy and our market space." Accruent has also been entered in the Deloitte & Touche Fast 500 program, which ranks North America's top 500 fastest growing technology companies. The Fast 50 program is presented by Deloitte & Touche and sponsored by Brobeck, E-MEDIA, KCET KCET Konami Computer Entertainment Tokyo (Japan) KCET Kamaraj College of Engineering and Technology , and MARSH, in association with the AeA, CMTC CMTC S-(carboxymethylthio)cysteine CMTC Combat Maneuver Training Center (US Army) CMTC California Manufacturing Technology Consulting CMTC Cutis Marmorata Telangiectatica Congenita , and the Software Council of Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, . For more information on Deloitte & Touche Fast 50 or Fast 500 programs, visit www.fast50.com. About Deloitte & Touche Deloitte & Touche, one of the nation's leading professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping our clients and our people excel. Known as an employer of choice for innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for five consecutive years. Deloitte & Touche refers to Deloitte & Touche LLP LLP - Lower Layer Protocol and its related entities. Deloitte & Touche is the U.S. national practice of Deloitte Touche Tohmatsu Deloitte & Touche (also referred to as Deloitte Touche Tohmatsu, and branded as Deloitte.) is the second largest professional services firm in the world, and one of the Big Four auditors, along with PricewaterhouseCoopers, Ernst & Young and KPMG. . Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. For more information, please visit Deloitte & Touche's Web site at www.deloitte.com/us. About Accruent Accruent is the leading provider of enterprise contract management solutions that enables organizations to improve business performance through better cost and revenue management while reducing corporate risks associated with contracts. Accruent enables improved decision-making and obligation management of complex business contracts and financial relationships. The results are better visibility into business performance and total spend while maintaining corporate compliance and minimizing risk. Accruent's clientele includes over 150 enterprise companies including Well Fargo Home Mortgage, Fluor Daniel, Morgan Stanley Dean Witter, Sun Microsystems and Viacom. The company is headquartered in Santa Monica, California For other uses, see Santa Monica (disambiguation). Santa Monica is a coastal city in western Los Angeles County, California, USA. Situated on Santa Monica Bay of the Pacific Ocean, it is surrounded by the City of Los Angeles — Pacific Palisades and Brentwood on the north, . For more information, please visit www.accruent.com. |
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