Validio Software Named One of Washington State's Top 100 Fastest-Growing Private Companies.

Business Editors

SEATTLE--(BUSINESS WIRE)--Oct. 22, 2001

Validio Software has been named the 40th fastest-growing private company by the Puget Sound Business Journal. This is the second consecutive year Validio has been named to the list.

Validio's president and chief executive officer, David Margolius, credits the company's success to its unique model of leveraging local and offshore talent to provide affordable outsourced software development services.

"We employ the Ukraine's most qualified software developers and very experienced project managers, analysts, and developers here in the U.S.," said Margolius. "In doing so, we have been able to consistently deliver high quality software at an affordable cost."

Validio's technical expertise and flexibility, combined with their offshore model, has resulted in revenue growth of 116 percent over the last 3 years. "Our plan is to continue to offer high quality services to high tech companies and businesses relying on technology, as well as expand in to new markets in the coming year," said Margolius.

Criteria for placement in the seventh annual Puget Sound Business Journal's 100 Fastest-Growing Private Companies list include yearly revenue growth for the past three years, and being an independent, privately held company (not a subsidiary or division of another company) with headquarters in Washington State.

About Validio Software

Based in Seattle, Washington, Validio Software, LLC, provides outsourced software development services to high-tech companies and businesses that rely on technology. Their services include either supporting customer-driven projects with skilled development resources, or providing the design, management and implementation of complete projects using experienced development teams.

For more information about Validio and their services, please visit www.validio.com.