For Second Year FullTime Named One of Fastest-Growing Technology Companies in National Deloitte & Touche 'Fast 500' Program.SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif.--(BUSINESS WIRE)--Dec. 1, 1998-- Software Company Also Ranked Among Silicon Valley's "Fast 50" For the second year in a row, FullTime(TM) Software, Inc. (Nasdaq:FTSW) has been named by Deloitte & Touche as one of the 50 fastest-growing technology companies in the Silicon Valley, as well as one of the 500 fastest-growing technology companies nationally. A leading provider of service level availability management solutions that ensure applications, data and resources remain available to users during both planned and unplanned events, FullTime Software this year ranked 409th nationally in the "Fast 500" Program, and 48th in the Silicon Valley "Fast 50." Last year, FullTime (formerly listed under Qualix Group) ranked 317th nationally and 31st in the Silicon Valley. FullTime's increase in revenues of 692% over the five-year period between fiscal years 1993 and 1997 were considered by Deloitte & Touche in making this year's rankings. FullTime's revenues increased from approximately $4 million in fiscal year 1993 to $32 million in fiscal year 1997. "We credit a significant portion of FullTime's growth to an increase in demand for solutions that allow companies to keep their mission-critical applications and data available around the clock," said Rick Thau, chairman, 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. of FullTime Software. "As the leader in high availability Also called "RAS" (reliability, availability, serviceability) or "fault resilient," it refers to a multiprocessing system that can quickly recover from a failure. There may be a minute or two of downtime while one system switches over to another, but processing will continue. software, FullTime ensures uptime not only during system failures, but also during planned events like maintenance, installations, upgrades or configuration changes. We have expanded our solutions beyond failover Invoking a secondary system to take over when the primary system fails. Up-to-date copies of all required data and applications are maintained on the secondary system in order to respond immediately if the primary system becomes unusable. Also called "fallover." See replication. software to address the larger, more challenging and growing problem of eliminating all types of downtime The time during which a computer is not functioning due to hardware, operating system or application program failure. -- applications and systems -- for Fortune 1000 customers." "Today, there are more than 22,000 high technology companies 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. , many of whom are competing for the same markets," said Mark Evans, managing director, Deloitte & Touche High Technology Industry Group. "The Fast 500 winners have proven that they can compete successfully by consistently delivering technological wonders. We at Deloitte & Touche commend com·mend tr.v. com·mend·ed, com·mend·ing, com·mends 1. To represent as worthy, qualified, or desirable; recommend. 2. To express approval of; praise. See Synonyms at praise. 3. FullTime Software for having the vision and determination to become one of the 500 fastest-growing technology companies in the U.S." About FullTime Software FullTime Software, Inc., formerly known as Qualix Group, Inc., is a leading developer of enterprise-wide, cross-platform adaptive computing Also known as "reconfigurable computing," it refers to a logic chip that can change its physical circuitry on the fly. Evolved from programmable architectures such as CPLD and FPGA, adaptive computing is an order of magnitude faster in rate of reuse (ROR) and can reconfigure itself in solutions that enable customers to proactively manage application service level availability. Its products help customers to optimize IT resources while maximizing reliability, accessibility and efficiency of applications across a continuum of business events. FullTime Software products have ensured the availability of business-critical applications at more than 17,000 installations around the world, including government organizations and many Fortune 1000 companies in telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , finance, retail, high technology and other industries. The company is headquartered in San Mateo, with 22 sales offices worldwide and distribution across more than 70 countries. Effective July 7, 1998, Qualix Group, Inc. (QLIX) began conducting business as "FullTime Software, Inc.," and trading in the company's common stock commenced on the Nasdaq National Market under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors "FTSW." For more information, contact FullTime Software at 650/572-0200, e-mail info-pr@fullsw.com or visit http://www.fulltimesoftware.com. The statements contained in this press release, other than historical information, may consist of forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties, including, but not limited to, statements regarding the ability of the company's products to perform as expected, the company's ability to maintain its historical growth rate, and the company's ability to successfully execute its marketing plan. Consequently, the company's actual results could differ materially from expectations. The various factors that could cause the actual results to differ from the expected results are detailed in the company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. dated June 30, 1998, and the company's quarterly reports filed with the Securities and Exchange Commission (SEC). Note to Editors: FullTime is a trademark of FullTime Software, Inc. All other product, trademark, company or service names mentioned herein are the property of their respective owners. |
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