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Perseus Development Corporation Again Named to Deloitte & Touche's "Technology Fast 50" for New England

BRAINTREE, MA (August 30, 2002) - Perseus Development Corporation today announced that it has been once again named to Deloitte & Touche's "Technology Fast 50" program for New England. The New England Technology Fast 50 program, co-presented by Deloitte & Touche and Hale and Dorr, recognizes the fastest growing technology companies headquartered in Massachusetts, Maine, New Hampshire, Rhode Island and Vermont. Rankings are based on revenue growth over a five-year period. Winners are selected as a result of public and private company research and nominations. Perseus Development Corporation was selected from among hundreds of public and private companies.

Based in Braintree, MA, Perseus is a leader in web-based survey software and research services. Founded in 1994 by professionals in the software development and market research fields, Perseus provides survey software for customer and employee satisfaction surveys, course evaluations, government training, and opinion polls. Perseus' SurveySolutions is a complete solution for creating and distributing surveys and collecting, analyzing and reporting results. This is the second year in a row that Perseus has been named to the Technology Fast 50.

"In an era where technology companies come and go, making the Deloitte & Touche Technology Fast 50 is a testament to a company's vision and strength," said Stephen J. DiPietro, co-chair of the 2002 New England Technology Fast 50 and a partner in Deloitte & Touche's Technology, Media and Telecommunications practice. "The New England Fast 50 winners have shown exceptional growth over a five-year period and we're excited to honor their accomplishments."

"We are honored to be recognized by Deloitte & Touche and Hale and Dorr for our strong performance over the years," said Rich Nadler, president and co-founder of Perseus.

Technology Fast 50 Criteria - To qualify for the New England Technology Fast 50, companies must meet the following criteria:

  • Be a technology company, specifically defined as a company that owns proprietary technology, which contributes to a significant portion of the company's operating revenues (e.g., using other companies' technology in a unique way does not qualify) or devotes a high percentage of effort to research and development of technology
  • Be in business a minimum of five years with 1997 revenues of at least $50,000 and 2001 revenues of at least $1,000,000
  • Be a public or private company headquartered in the following New England states: MA, ME, NH, RI or VT. Subsidiaries and divisions are not eligible unless they have some public ownership and are separately traded

Winners of the 20 regional Technology Fast 50 programs in the United States and Canada are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks North America's top 500 fastest growing technology companies. For more information on the Deloitte & Touche Fast 50 or Fast 500 programs, visit

The Fast 50 program is presented by Deloitte & Touche and Hale and Dorr, in association with the sponsor, Mazonson Inc. Mass High Tech and Trinity Communications are also associated with the program.

Deloitte & Touche
Deloitte & Touche, one of the nation's leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping our clients and our people excel. Known as an employer of choice for innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for five consecutive years. Deloitte & Touche refers to Deloitte & Touche LLP and its related entities. Deloitte & Touche is the U.S. national practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. For more information, please visit Deloitte & Touche's Web site at

Hale and Dorr LLP
Hale and Dorr, a leading technology law firm, is nationally and internationally recognized for its experience in venture capital, initial public offerings, intellectual property and securities and intellectual property litigation. We represent clients in numerous sectors including telecommunications, software, electronics, life sciences and medical devices. The firm's full service practice also includes tax, commercial, labor and employment, real estate, environmental, government and regulatory affairs and private client services, and a strong commitment to public service dating from our founding more than eighty years ago. Hale and Dorr has nearly 500 lawyers with offices in Boston, New York, Princeton, Reston, Waltham and Washington and joint venture offices in London, Munich and Oxford. For more information please visit our website at

About Mazonson, LLC
Founded in 1935, Mazonson, LLC delivers comprehensive, innovative insurance solutions for individuals and businesses including Directors' and Officers' Liability, Global Business Protection and Employee Benefits. Mazonson's unique team concept in servicing clients combines business acumen, domain experience and a comprehensive knowledge of insurance products.

Mass High Tech
Mass High Tech, the Journal of New England Technology, is a weekly newspaper that covers the companies, individuals and issues involved in the commercialization of technology in the six-state region.

Trinity Communications
Headquartered in Boston, Trinity Communications is an independent, employee-owned company that provides integrated marketing communications services to clients in the financial services, life sciences, technology, professional services, and nonprofit sectors. Capabilities include collateral systems, advertising, corporate identity, brand strategy, interactive, public relations, community affairs, and sales promotion. For more information, please visit Trinity Communication's web site at

About Perseus
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 for more information.


For more information, contact:

Brian Gendron
SHIFT Communications
Dwight Galler
Perseus Development Corporation
781.848.8100 x265