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| Ketera Ranked Number 27 Fastest Growing Company in North America on Deloitte′s 2006 Technology Fast 500 |
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Attributes its 9,876% Revenue Growth to Providing Customers With Proven Spend Solutions
Santa Clara, Calif., October 19, 2006 – Ketera, the leading provider of On Demand Spend Management solutions, today announced that it ranked Number 27 on Deloitte′s 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage revenue growth over five years, from 2001–2005. Ketera grew 9,876 percent during this period.
Ketera′s CEO, Burton M. Goldfield credits the company′s focus on product innovation and ability to deliver business results to customers with Ketera′s 9,876 percent revenue growth over the past five years. He said, "Ketera′s heritage as an on demand provider enables us to rapidly innovate spend management products and technologies faster than traditional enterprise software companies. We′ve experienced tremendous success growing Ketera′s business at an accelerated rate because we′ve consistently provided proven spend solutions to customers that can be deployed fast and deliver rapid savings."
"Sophisticated technology is becoming the norm and is in almost everything in the 21st century," said Tony Kern, deputy managing principal of Deloitte′s Technology, Media & Telecommunications industry practice. "Ketera has developed technology solutions that deliver in today′s highly competitive world, and we applaud their efforts, ingenuity and teamwork in becoming one of the fastest growing technology companies in North America."
Overall, companies that ranked on the 2006 Technology Fast 500 had growth rates ranging from 210 to 48,948 percent over five years, with an average growth rate of 2,147 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 is compiled from Deloitte′s 16 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2001 to 2005.
Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company′s operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies′ technology or intellectual property in a unique way does not qualify. Base–year operating revenues must be at least $50,000 USD or $75,000 CD, and current–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 be headquartered within North America.
About Ketera
Ketera is the leading provider of on demand, spend management solutions, providing companies with the applications and services needed to control and reduce corporate spending at a low cost of ownership.
Ketera Spend Management includes applications for spend analysis, sourcing, procurement, contract management, supplier performance and payment and reconciliation. The Ketera difference is our on demand delivery model, which combines hosted spend management applications with the "heavy lifting" services required for success, including supplier enablement, hardware infrastructure, project resources, system administration and solution upgrades.
For more information about Ketera and the Ketera Spend Management suite of services, please visit www.ketera.com.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. Deloitte Touche Tohmatsu is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in nearly 150 countries. With access to the deep intellectual capital of approximately 135,000 people worldwide, Deloitte delivers services in four professional areas–audit, tax, consulting and financial advisory services–and serves more than one–half of the world′s largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast–growing global growth companies. Services are not provided by the Deloitte Touche Tohmatsu Verein, and, for regulatory and other reasons, certain member firms do not provide services in all four professional areas.
As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other′s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte", "Deloitte & Touche", "Deloitte Touche Tohmatsu", or other related names. In the United States, Deloitte & Touche USA LLP is the member firm of Deloitte Touche Tohmatsu, and services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP, and their subsidiaries), and not by Deloitte & Touche USA LLP. The subsidiaries of the U.S. member firm are among the nation′s leading professional services firms, providing audit, tax, consulting, and financial advisory services through nearly 40,000 people in more than 90 cities. Known as an employer of choice for innovative human resources programs, it is dedicated to helping their clients and their people excel. For more information, please visit the U.S. member firm′s Web site at www.deloitte.com/us. |
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