VerticalResponse, Inc. Ranked Number 319 Fastest Growing Company in North America on Deloitte's 2008 Technology Fast 500
Attributes 458 Percent Revenue Growth to Meeting Needs of Core Customer Base With Superior Product Development and Expansion of Services
SAN FRANCISCO, CA -- (Marketwire) -- 11/13/08 --VerticalResponse, Inc. today announcedthat it ranked number 319 on Deloitte's 2008 Technology Fast 500, a rankingof the 500 fastest growing technology, media, telecommunications and lifesciences companies in North America. Rankings are based on percentage offiscal year revenue growth over five years, from 2003-2007.VerticalResponse grew 458 percent during this period.
VerticalResponse's CEO, Janine Popick, credits the company's 458% revenuegrowth over the past five years to a deep commitment to small businesses,and an ongoing investment in product and service development in directresponse to customer needs.
"We really listen to and understand the needs of small businesses today. Ishare tips on our blog, and encourage readers to comment back there, on ourFacebook page and elsewhere, and our attention to what customers wantshows," said Janine Popick, CEO and founder of VerticalResponse. "Smallbusinesses don't overlook any expense, in any economy, so growing ourcustomer base over 54% last year is such a reward. We're proud to berecognized for that growth on the national level; it's a real testament tothe importance of small businesses in this country."
"Deloitte's Technology Fast 500 recognizes companies who have achievedextraordinary growth in North America's most innovative and competitivemarket sectors," said Phil Asmundson, Deloitte LLP vice chairman andnational managing partner for Technology, Media and Telecommunications. "Wecongratulate VerticalResponse on this significant accomplishment."
VerticalResponse previously ranked 254 on 2007 Deloitte's Technology Fast500.
In addition to ranking on Deloitte's Technology Fast 500, VerticalResponseranked 35 on the Silicon Valley Technology Fast 50, which is a ranking ofthe 50 fastest growing technology firms in Silicon Valley.
Overall, companies that ranked on the 2008 Technology Fast 500 had growthrates ranging from 242 to 138,762 percent over five years, with an averagegrowth rate of 3,043 percent.
Fast 500 Selection and Qualifying Criteria
The Fast 500 ranks the fastest growing technology, media,telecommunications and life sciences companies in North America. It iscompiled from Deloitte's regional North American Fast 50 programs,nominations submitted directly to the Fast 500, and public company databaseresearch. Companies are selected based on percentage revenue growth from2003 to 2007.
Entrants must own proprietary intellectual property or proprietarytechnology that contributes to a significant portion of the company'soperating revenues or devote a significant proportion of revenues toresearch and development of technology. Using other companies' technologyor intellectual property in a unique way does not qualify. Base-yearoperating revenues must be at least $50,000 USD or $75,000 CD, andcurrent-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 beheadquartered within North America.
About VerticalResponse
VerticalResponse, Inc. is a leading provider of self-service emailmarketing, survey and direct mail services empowering small businesses andnon-profit organizations to create, manage and analyze their own directmarketing campaigns. VerticalResponse's flagship product, which allowscustomers to deliver sophisticated yet easily deployed email campaigns, isthe most intuitive and affordable Web-based direct marketing solutionavailable. VerticalResponse is headquartered in San Francisco, California.For additional information, please visitwww.verticalresponse.com.
About Deloitte
As used in this document, "Deloitte" means Deloitte LLP. Please seewww.deloitte.com/about for a detailed description of the legal structure ofDeloitte LLP and its subsidiaries.
http://www.verticalresponse.com/about/press/deloittes-2008-fast-500.html
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