Parature Ranked Number 219 Fastest Growing Company in North America on Deloitte’s 2008 Technology Fast 500
Attributes Vast Market and World-Class Products to its 828 Percent Revenue Growth
Vienna, VA (December 05, 2008) – Parature, a global leader in on-demand customer service software, announced today that it ranked number 219 on Deloitte’s 2008 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications, and life sciences companies in North America. Rankings are based on percentage of fiscal year revenue growth over five years, from 2003-2007. Parature grew 827.93 percent during this period.
Parature’s CEO and President, Duke Chung credits the vast market Parature serves, the world-class products it delivers and their visionary customers with the company’s 828 percent revenue growth over the past five years. “Parature is honored to be included in the Deloitte Technology Fast 500 for North America, stated Chung. To be ranked 219 out of 500 fast growth companies in the country is an outstanding accomplishment. Parature will continue to set the standard for support teams worldwide by providing the smartest, most efficient way for organizations to support their customers.”
“Deloitte’s Technology Fast 500 recognizes companies who have achieved extraordinary growth in North America’s most innovative and competitive market sectors,” said Phil Asmundson, Deloitte LLP vice chairman and national managing partner for Technology, Media and Telecommunications. “We congratulate Parature on this significant accomplishment.”
In addition to ranking on Deloitte’s Technology Fast 500, Parature ranked 20 on the Virginia Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in the Greater Washington region.
The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte’s regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2003 to 2007.
Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company’s operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies’ technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.
Parature enables any organization to fundamentally change the way they support their customers through its Software-as-a-Service (SaaS) delivery and integrated, intuitive design that empowers organizations to better and more efficiently serve, support, engage with and retain customers in today’s Web world. The seamlessly integrated suite of Parature Customer Service(TM) software modules allows organizations to effectively manage all of their support needs without additional hardware, software and IT expenses. Parature integrates everything in one dynamic, unified system to increase efficiency across entire organizations, improving processes among customer support, operations, development and sales.
Source: Parature