Ascentis Software Named One of Washington's Fastest Growing Technology Companies in Deloitte & Touche Technology Fast 50 Program.Business Editors/High-Tech Writers BELLEVUE, Wash.--(BUSINESS WIRE)--Sept. 24, 2003 Attributes Great Timing and Product Features to it 573% Percent Revenue Growth Ascentis Software has been named to Deloitte & Touche's prestigious Technology Fast 50 Program for Washington, a ranking of the 50 fastest growing technology companies in the area by Deloitte & Touche LLP LLP - Lower Layer Protocol , 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. Rankings are based on the percentage of growth in fiscal year revenues over five years, from 1998-2002. Ascentis' 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. , Chuck D'Ambrosia, credits great market timing and product features to the company's 573% percent revenue growth from 1998-2002. He says, "Benefit costs are an organizations second largest expense. With these costs continually on the rise, effective benefits management is critical for a successful bottom line. HROffice will eradicate paper, cost and inefficiencies in organizations, connecting HR processes with people, payroll and carriers through one seamless network." Ascentis Software's increase in revenues of 573% percent from 1998 to 2002 resulted in a 20 ranking overall in the Fast 50 for Washington. The average increase in revenues among companies who made the Fast 50 for this region was 1700% percent. To qualify for the Technology Fast 50, companies must have had opening revenues of at least $50,000 in 1998 and $1,000,000 in 2002, must be public or private companies headquartered in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , and be a "technology company" defined as owning proprietary technology that contributes to a significant portion of the company's operating revenues. "In today's economy, triple-digit percentage revenue growth is an exceptional accomplishment. We commend Ascentis Software for making the commitment to technology and delivering on the promise of market longevity. We are proud to honor Ascentis Software as a Deloitte & Touche Technology Fast 50 Winner," said Larry Hile, Technology, Media & Telecommunications, Partner of the local Deloitte & Touche practice. Winners of the 20 regional Technology Fast 50 programs in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada are automatically entered in the Deloitte & Touche Technology Fast 500 Program, which ranks North America's top 500 fastest growing technology companies. For more information on the Deloitte & Touche Fast 50 or Fast 500 programs, visit www.fast500.com. About Ascentis Software Founded in 1994, Ascentis Software, based in Bellevue Wash., is a pioneer in human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. management systems (HRMS HRMS Human Resource Management System HRMS High Resolution Microwave Survey (SETI, Project Phoenix) HRMS High Resolution Mass Spectroscopy HRMS High Resolution Molecular Spectroscopy HRMS Human Resources Management Specialist ). Ascentis Software offers a best-in-class, fully integrated and centralized human resources and benefits management system that promotes connectivity, communication and control for small to mid-sized organizations. The company's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , HROffice, eliminates the paper process and is built on the latest technologies from Microsoft for easy integration with the tools HR departments already use on a day-to-day basis. For more information on Ascentis Software and the HROffice product line, visit www.ascentis.com or call 800-229-2713. About Deloitte & Touche Deloitte & Touche, one of the nation's leading professional services firms, provides assurance and advisory, tax, and management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects services through nearly 30,000 people in more than 80 U.S. cities. The firm is dedicated to helping its clients and its 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 six consecutive years. Deloitte & Touche refers to Deloitte & Touche LLP and related entities. Deloitte & Touche is the US 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 A Swiss Verein ("Verein" is German for "Union") is a legal structure in Swiss law. It is similar to the Anglo-American voluntary association. Unlike Germany, a Swiss Verein does not need to be registered in order to have a separate legal personality. Most Swiss NGOs resp. , 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. |
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