OpenAir Named One of New England's Fastest Growing Technology Companies in Deloitte's Technology Fast 50 Program; Outstanding customer service coupled with technological innovation drives 1,185 Percent Revenue Growth.BOSTON -- OpenAir(TM), the leading on-demand professional services automation See PSA. application with approximately 18,000 subscribers, today announced it was named to Deloitte's prestigious Technology Fast 50 Program for New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. , 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. organizations. Rankings are based on the percentage revenue growth over five years from 2000-2004. OpenAir 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. Morris Panner credits his company's fast-responding customer service and innovative technology with the company's 1,185 percent revenue growth from 2000-2004. OpenAir also realized an average annual growth rate of 97 percent. OpenAir also achieved a 13-fold increase in revenues from 2000 to 2004, which resulted in a 15th ranking in the Technology Fast 50 for New England. The average increase in revenues among companies who made the Technology Fast 50 for this region was 1,069 percent. "To rank on Deloitte's Technology Fast 50, companies must have phenomenal revenue growth over the past five years," said Stephen DiPietro, a partner at Deloitte & Touche LLP and chairman of Deloitte's New England Technology Fast 50 program. "Deloitte applauds the successes of OpenAir and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years." OpenAir provides comprehensive automation solutions for services teams and consulting firms around the world. More than 200 companies and 18,000 subscribers use OpenAir to gain controls and insight on their financial best practices and to manage complex projects, deployments and consulting engagements. Users such as consulting firms and other service providers use OpenAir to improve employee utilization, capture more billable hours Billable Hours is a Canadian comedy series, which airs on Showcase. Set in the fictional Toronto law firm of Fagen & Harrison, the series focuses on three young lawyers struggling to balance their expectations in life with the difficult realities of building a career and streamline project management. To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2000 and $1,000,000 in 2004, be 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 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. Winners of the 15 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 Deloitte's Technology Fast 500 program, which ranks North America's top 500 fastest growing technology companies. For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com. About Deloitte Deloitte refers to one or more 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. , 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. , its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), 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 the names "Deloitte", "Deloitte & Touche", "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein. Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte 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 LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP. About OpenAir OpenAir is the Web-native professional services automation solution that helps independent software vendors, marketing services companies, consulting firms, and internal corporate service organizations increase top-line growth, improve operations and enhance financial controls. OpenAir customers increase profits by capturing additional billable hours, increasing employee utilization, streamlining project management, accelerating revenue, enhancing collaboration, improving revenue recognition and project accounting, and sharing knowledge and best practices throughout the organization. OpenAir has helped leading services organizations across six continents Six Continents is a large retail PLC in UK which split into Six Continents Retail known as Mitchells and Butlers plc. The hotels and soft drinks business of Six Continents PLC is now known as InterContinental Hotels Group PLC. increase profits through the subscription-based OpenAir(R) Complete solution. For additional information, visit www.openair.com. All company trademarks are the property of their respective owners. |
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