Perseus Development Corporation Named One of the Fastest Growing Technology Companies in North America on the 2003 Deloitte Technology Fast 500
BRAINTREE, MA (October 14, 2003) - Perseus Development Corporation today announced that it ranked Number 442 on the 2003 Deloitte Technology Fast 500, a ranking of the 500 fastest-growing technology companies in North America. Rankings are based on an average percentage revenue growth over five years, from 1998-2002. Perseus grew 537 percent during this period.
Perseus' CEO, Rich Nadler, credits strong customer satisfaction, new product development, and the dedication of Perseus' employees with the company's 537 percent revenue growth over the past five years.
"Growing the top line enough to make the Deloitte Technology Fast 500 is especially meaningful during tough economic times for the technology sector," said Mark A. Evans, national managing partner of Deloitte's Technology, Media & Telecommunications Group. "We congratulate Perseus on becoming one of the 500 fastest growing technology companies in North America."
In addition to ranking on the Deloitte Technology Fast 500, Perseus ranked 43 on the New England Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in New England. This is the third year in a row that Perseus has been named to the Technology Fast 50.
Fast 500 Selection and Qualifications
The Fast 500 list is compiled from Deloitte's 20 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had 1998 operating revenues of at least $50,000 USD and $75,000 CD for the United States and Canada, respectively; and 2002 operating revenues must be at least $1 million USD or CD. Deloitte researchers examined financial statements to validate operating revenues.
Entrants must also be public or private companies headquartered in North America 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. Using other companies' technology in a unique way does not qualify.
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Perseus is leading the transition from web survey software to Enterprise Feedback Management (EFM) solutions that help organizations better understand their world. Organizations worldwide rely on Perseus solutions to better identify and meet employee, customer and partner needs, and increase profitability by creating loyal relationships. Perseus products enable business professionals to quickly and easily obtain, analyze, and manage sophisticated enterprise feedback using intuitive web-based software. Perseus SurveySolutions® is a recipient of PC Magazine's Editors' Choice award for web-survey software, and is used by over 22,000 customers worldwide including over twenty percent of the Fortune 100. Perseus is a 2003 and 2004 Inc. 500 company and Deloitte Technology Fast 500 company, and a four-time Deloitte Technology Fast 50 company. Visit perseus.com for more information.
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