Rackspace Named One of Texas's Fastest Growing Technology Companies in Deloitte Texas Crescent Technology Fast 50 Program.SAN ANTONIO San Antonio (săn ăntō`nēō, əntōn`), city (1990 pop. 935,933), seat of Bexar co., S central Tex., at the source of the San Antonio River; inc. 1837. -- Rackspace Attributes World Class Service Delivery to 3,581 Percent Revenue Growth Rackspace Managed Hosting has been named to Deloitte's prestigious Technology Fast 50 Program for Texas, a ranking of the 50 fastest growing technology companies in the area by Deloitte & Touche USA 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. firms. Rankings are based on the percentage of growth in fiscal year revenues over five years, from 1999-2003. Rackspace's increase in revenues of 3,581 percent from 1999 to 2003 resulted in a number five ranking in the Fast 50 for Texas. The average increase in revenues among companies who made the Fast 50 for this region was 1,124 percent. "The Deloitte Texas Crescent Technology Fast 50 companies have shown the strength, vision and temerity te·mer·i·ty n. Foolhardy disregard of danger; recklessness. [Middle English temerite, from Old French, from Latin temerit to succeed despite a very challenging technology environment," said Skip Moore, regional managing partner for the Technology, Media & Telecommunications Group at Deloitte & Touche USA LLP. "We applaud the successes of Rackspace and acknowledge their place as one of the very few to accomplish such a fast growth rate over the past five years." "This award illustrates our leadership in the managed hosting industry and commitment to building a world-class service organization," said Graham Weston, chief executive officer, Rackspace Managed Hosting. "We provide our customers with Fanatical Support(TM) and they respond by growing with us and recommending us to their associates." To qualify for the Technology Fast 50, companies must have had operating revenues operating revenue Revenue from any regular source. Revenue from sales is adjusted for discounts and returns when calculating operating revenue. Compare other revenue. of at least $50,000 in 1999 and $1,000,000 in 2003, must be public or private companies 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 owning proprietary technology that contributes to a significant portion of the company's operating revenues (using other companies' technology in a unique way does not qualify); and/or devoting a significant proportion of revenues to research and development of technology. Winners of the 19 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 the Deloitte Technology Fast 500 program, which ranks North America's top 500 fastest growing technology companies. For more information on the Fast 50 or Fast 500 programs, visit www.fast500.com. This year's Texas Crescent Technology Fast 50 program is presented by Deloitte & Touche USA LLP, one of the nation's leading professional services firms, and its Fast 50 sponsors Haynes & Boone, NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on and Comerica Bank. 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 U.S. member firm of Deloitte Touche Tohmatsu. In the U.S., services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Tax LLP, and their subsidiaries), and not by Deloitte & Touche USA LLP. About Rackspace Managed Hosting Rackspace Managed Hosting(TM) is the fastest-growing managed hosting provider for enterprise-class web applications. Founded in 1998, Rackspace has built a world-class service organization based on its philosophy of Fanatical Support(TM). The company offers a wide range of managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality for customers of all sizes. For more information, visit www.rackspace.com, or call 800-961-2888. |
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