Parature Ranked Number 20 in Deloitte’s Technology Fast 50 Program for Virginia
Attributes Vast Market and World-Class Products to its 828 Percent Revenue Growth
Vienna, VA (September 25, 2008) – Parature, a global leader in on-demand customer service software, announced today that it has been named to Deloitte’s prestigious Technology Fast 50 Program for Virginia, a ranking of the 50 fastest growing technology, media, telecommunications, and life sciences companies in the area by Deloitte & Touche USA LLP, one of the nation’s leading professional services organizations. Rankings are based on the percentage revenue growth over five years from 2003-2007.
Parature’s CEO and President, Duke Chung credits the vast market Parature serves, the world-class products it delivers and the visionary customers they serve with the company’s 828 percent revenue growth from 2003-2007. “Parature is honored to be included in the Deloitte Technology Fast 50 for Virginia, stated Chung. To be ranked 20 out of 50 fast growth companies in this technological corridor is an outstanding accomplishment. Additionally, we are pleased to have been awarded a Fast 50 Business Diversity Award. Parature will continue to set the standard for support teams worldwide by providing the smartest, most efficient way for organizations to support their customers.”
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2003 and $5,000,000 in 2007, be headquartered in Virginia, and be a company that owns proprietary technology or proprietary intellectual property 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 or intellectual property in a unique way does not qualify.
Companies from the nine regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte’s Technology Fast 500 program, which ranks North America’s top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte’s Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
“Deloitte’s MD and VA Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today’s very competitive technology environment,” said Gary Tabach, Greater Washington Office Regional Managing Partner, Deloitte & Touche, LLP. “We applaud the successes of Parature and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years.”
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 modules allows organizations to effectively manage all of their support needs. This dynamic, on-demand software enables organizations to get up and running quickly, easily and efficiently.
Source: Parature