Business Week Says SAGA SOFTWARE is Hottest of the Hot.RESTON, Va.--(BUSINESS WIRE)--May 24, 1999-- SAGA SOFTWARE, Inc. (SAGA(TM)) (SAGA's parent company is traded on NYSE as: AGS) today announced that SAGA ranked 80th in Business Week Magazine's 15th annual Hot Growth Companies ranking of the 100 fastest growing small companies in the United States. Resourcefulness and single-minded drive were two characteristics shared by the listed companies, according to Business Week selection criteria. Business Week's Hot Growth Companies are featured in the magazine's May 31 issue. According to the magazine, the Hot Growth 100 averaged 44.5% annual sales growth and 89.5% average annual earnings gains over the past three years. In addition, Business Week reports the Hot Growth 100 returned an average annual 22% return on capital. To qualify, a company must have annual sales of at least $25 million and less than $500 million, a current market value Current market value The value of a client's portfolio at today's market price, as listed in a brokerage statement. greater than $25 million, a current stock price of greater than $5 and be actively traded. "This kind of exposure in a major publication like Business Week validates SAGA's position as a leader, not only in enterprise system and enterprise integration software and services, but also across a far broader arena of business performers," says Timothy L. Hill, Vice president, Marketing and International Operations. About SAGA SOFTWARE, Inc. SAGA, based in Reston, Virginia, provides enterprise systems software and a full suite of enterprise integration solutions that support billions of mainframe transactions daily for some of the world's largest organizations. SAGA's suite of mission critical products and associated professional services take customers from the heart of the enterprise to the desktop, freeing their information and leveraging their IT investment. SAGA's parent company is traded on the New York Stock Exchange under the symbol AGS. For further information, please visit the company's Web site at www.sagasoftware.com. |
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