CYA Technologies, Inc. Ranked Number 125 Fastest Growing Technology Company in North America on the 2003 Deloitte Technology Fast 500.Business Editors/High-Tech Writers TRUMBULL, Conn.--(BUSINESS WIRE)--Oct. 14, 2003 CYA CYA Cover your ass. See Defensive medicine. Technologies, Inc. -- CYA Technologies attributes its 2,929% percent revenue growth to the horizontal appeal of its growing suite of innovative business continuity and secure collaboration software See collaborative software. products for global enterprises. CYA Technologies, Inc., (CYA) a leading provider of business continuity and secure collaboration software products, today announced that it ranked number 125 on the 2003 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies 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. . Rankings are based on average percentage revenue growth over five years, from 1998 to 2002. CYA grew 2,929% percent during this period. CYA Technologies' co-founder, president and 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. , Elaine S. Price, credits innovative products and a unique perspective on the market for the company's 2,929% revenue growth over the past five years. She said, "By building intelligent software that understands the intricacies of enterprise applications, we are able to restore entire business processes; providing our clients business continuance that both protects critical data in the event of a catastrophe, as well as provides day-to-day benefits and cost savings by ensuring access to information in instances of system error, corruption and scheduled maintenance. We have invested a lot of time and energy educating companies in all industries about business continuity - it is not a cost-center, but rather a strategic investment that can demonstrate near immediate financial return." "Growing the top line enough to make Deloitte Technology Fast 500 is especially meaningful during tough economic times for the technology sector," said Mark A. Evans, national managing partner of Deloitte's Technology, Media & Telecommunications Group. "We congratulate CYA Technologies on becoming one of the 500 fastest growing technology companies in North America." In addition to ranking on the Deloitte Technology Fast 500, CYA Technologies is included among the 2003 Connecticut Technology Fast 50 winners, which ranks the fastest growing technology firms in Connecticut. The official ranking of the companies in the 2003 Connecticut Technology Fast 50 Award will be announced the evening of October 22, 2003 at the Quick Center for the Arts at Fairfield University Publications and Media
Overall, companies that ranked on the 2003 Technology Fast 500 had growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. ranging from 469 to 296,080 percent over five years, with an average growth rate of 5,493 percent. Fast 500 Selection and Qualifications The Fast 500 list is compiled from Deloitte's 20 regional North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had 1998 operating revenues of at least $50,000 USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. and $75,000 CD for the United States and Canada, respectively; and 2002 operating revenues must be at least $1 million USD or CD. Deloitte researchers examined financial statements to validate operating revenues. Entrants must also be public or private companies headquartered in North America and must 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. About CYA Technologies, Inc CYA Technologies, Inc. is the leading provider of business continuity and secure-collaboration solutions for Fortune 2000 companies. Founded in 1998, the privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. has introduced innovative, flexible approaches to backup, recovery, archiving, migration and security of dynamic content and complex relationships within enterprise applications. CYA is headquartered in Trumbull, Connecticut; and has offices throughout the United States and Europe. For more information about CYA Technologies, please visit www.cya.com. About Deloitte Deloitte, one of the nation's leading professional services firms, provides audit, tax, financial advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal and consulting through nearly 30,000 people in more than 80 US 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 has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for six consecutive years. "Deloitte" refers to Deloitte & Touche LLP LLP - Lower Layer Protocol and affiliated entities. Deloitte is the US member firm 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 (association), and, as such, 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 name "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu" or other related names. The services described herein are provided by the US member firm and not by the Deloitte Touche Tohmatsu Verein. For more information, please visit Deloitte's web site at www.deloitte.com/us. |
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