TRANSLATIONS.COM RECOGNIZED IN DELOITTE & TOUCHE'S TECHNOLOGY FAST 50 PROGRAM
NEW YORK, New York, November 4, 2005 - Translations.com has been named to Deloitte & Touche's Technology Fast 50 for New York. The award recognizes fast-growth technology companies and ranks the 50 fastest developing technology companies headquartered in the state. Rankings are based on the percentage of growth in fiscal year revenues over five years.
Translations.com's selection was based on exceptional organic revenue growth for the period as well as strength garnered from strategic acquisitions. The company provides website localization and Globalization Management software, which together support worldwide operations for a diverse set of clients from virtually every major industry including financial services, travel & tourism, retail fashion, consumer technology, healthcare, and manufacturing.
"Sustaining high revenue growth over five years is an exceptional accomplishment," said Ed Moran, a director at Deloitte Services LP who leads the product innovation group and is the chairperson of the New York Technology Fast 50. "We commend Translations.com for making the commitment to technology and delivering on the promise of market longevity. We are proud to honor Translations.com as a Deloitte Technology Fast 50 winner."
Phil Shawe, President and CEO of Translations.com, said, "We are proud that the sustainable growth strategy we have pursued over the past half-decade not only makes us the fastest growing company in the Localization industry, but also qualifies us for this prestigious recognition from Deloitte & Touche."
Deloitte & Touche announced the rankings of the Technology Fast 50 winners at an awards dinner on Wednesday, November 2, 2005, at Battery Gardens Restaurant, New York. All U.S. and Canadian based Technology Fast 50 winners are automatically entered in the Deloitte Technology Fast 500, the firm's ranking of the fastest-growing technology companies in North America. The Deloitte and Touche Technology Fast 500 Program ranks North America's top 500 fastest growing technology companies based on revenue growth over five years (2000-2004). For more information on the Deloitte and Touche Technology Fast 50 or Fast 500 Programs, visit www.fast500.com.
This year's New York Technology Fast 50 is supported by Platinum Sponsors: Bank of New York, Geller & Company, NASDAQ and Proskauer Rose; Gold Sponsor: The Journal News; and Silver Sponsor: UK Trade & Investment.
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