Deloitte Recognizes webMethods as the Fastest Growing Software Company in North America; Company Ranks Fourth Overall in 2003 Deloitte Technology Fast 500.
"Being recognized by Deloitte as the fastest growing software company in North America is a tremendous honor," said Phillip Merrick, Chairman and CEO of webMethods, Inc. "webMethods' maniacal focus on customer success is what I believe has been the key to the company's growth. From the genesis, it was determined that above all else, the company would do right by its customers, and we are very pleased that this philosophy has steered us towards success. We look forward to delivering continued value for our customers and shareholders."
Rankings are based on average percentage fiscal year revenue growth over five years (1998-2002). In addition to ranking on the 2003 Deloitte Technology Fast 500 as the fourth fastest growing company in North America, webMethods was ranked by Deloitte as the highest-ranking company in the Northeast region.
"Growing the top line enough to make the 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. "webMethods' substantial growth puts it in select company."
Fast 500 Selection and Qualifications
The Technology Fast 500 list is compiled from Deloitte's 20 regional North American Fast 50 programs, nominations submitted directly to the Technology Fast 500, and public company database research. To qualify for the Technology Fast 500, entrants must have had 1998 operating revenues of at least $50,000 USD or $75,000 CD for the United States and Canada, respectively, and 2002 operating revenues must be at least $1 million USD or CD. Entrants must be a public or private company headquartered in North America and must be a "technology company," defined as a company that either owns proprietary technology that contributes to a significant portion of the company's operating revenues or that 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 webMethods, Inc.
webMethods is the industry's first Web services infrastructure company. webMethods' innovative integration, Web services, portal and analytic solutions enable more than 950 enterprise customers worldwide to run, measure and optimize their business. webMethods is headquartered in Fairfax, Va., with offices throughout the U.S., Europe, Asia Pacific and Japan. More information about the company can be found at http://www.webmethods.com/.
webMethods is a registered trademark, and Global Business Visibility is a trademark, of webMethods, Inc. in the USA and certain other countries. All other company and product names are the property of their respective owners.
This press release may contain various remarks about the future expectations, plans and prospects of webMethods that constitute forward- looking statements for purposes of the safe harbor provisions of U.S. securities laws. The actual results of webMethods may differ materially from those indicated by these forward-looking statements as a result of various important factors, including those discussed under the heading "Factors That May Affect Future Operating Results" in the Business section of webMethods' Form 10-K for the year ended March 31, 2003, and in the "Management's Discussion and Analysis" section of webMethods' Form 10-Q for the quarter ended June 30, 2003, which are on file with the U.S. Securities and Exchange Commission and may be accessed at http://www.sec.gov/ or webMethods' investor relations web page at http://www.webmethods.com/. webMethods disclaims any obligation to update or correct any forward-looking statements made herein due to the occurrence of events after the issuance of this press release.
CONTACT: Jenny Song, +1-703-251-6457, Jenny.Song@webMethods.com, or Sarah Welz, +1-703-251-3207, Sarah.Welz@webMethods.com, both of webMethods, Inc.
Web site: http://www.webmethods.com/
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|Date:||Oct 14, 2003|
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