will be named to Deloitte’s prestigious Technology Fast 50 Program for Los Angeles, a ranking of the 50 fastest growing technology companies in the area by Deloitte & Touche LLP. Scheduled to be announced September 21, Technology Fast 50 rankings are based on the percentage of growth in fiscal year revenues over five years, from 1999-2003.Karl Willig, President and CEO of InfoGenesis, credits the reliability and robustness of the company’s point-of-sale and enterprise dining solutions as well as the team at InfoGenesis, for the company’s fast growth over the past five years.
“We are very excited to have won this recognition from Deloitte for the fifth consecutive year,” commented Willig. “Our dedicated team and our advanced, return on investment-driven technology drive the aggressive growth that is important to achieving market leadership and ensuring our success over the long term.”
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 1999 and $1,000,000 in 2003, must be public or private companies headquartered in North America, and be a “technology company” defined as owning proprietary technology that contributes to a significant portion of the company’s operating revenues; and/or devote a significant proportion of revenues to the research and development of technology.
“To rank on the Deloitte Technology Fast 50, companies must have phenomenal revenue growth over five years,” said Tim Lovoy, partner in the Technology, Media & Telecommunications practice, Los Angeles. “InfoGenesis has proven to be one of the fast-growth success stories in Los Angeles, and we applaud their success and vision.”
Winners of the 19 regional Technology Fast 50 programs in the United States and Canada are automatically entered in the Deloitte Technology Fast 500 program, which ranks North America’s top 500 fastest growing technology companies. For more information on Deloitte Fast 50 or Fast 500 programs, visit www.fast500.com