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| Ketera Ranked Tenth in Deloitte′s Technology Fast 50 Program for Silicon Valley Software & Information Technology Companies |
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For Second Consecutive Year, Ketera Ranks Among Fastest Growing Tech Companies; Company Attributes its 1,233 Percent Revenue Growth to Delivering Business Value to Customers
Santa Clara, Calif., October 30, 2007 – Ketera, the leading provider of On Demand Spend Management solutions, has been named to Deloitte′s prestigious Technology Fast 50 Program for Silicon Valley – a ranking of the fastest growing technology, media, telecommunications, and life sciences companies in the region by Deloitte & Touche USA LLP, one of the nation′s leading professional services organizations. Rankings are based on percentage revenue growth over five years, from 2002–2006. Ketera grew 1,233 percent during this period.
Ketera′s CEO Burton M. Goldfield credits a keen understanding of customers′ procurement pain points and the company′s continued diligence in delivering business value from its proven on demand spend management solutions with the company′s five–year growth rate of 1,233 percent. Goldfield said, "Ketera thrives on our ability to provide enterprise–class spend management solutions that offer customers a holistic approach to managing corporate spend, with easy–to–use applications that drive quick time–to–value. As we remain steadfast in our march to deliver these objectives, it′s an honor to once again be recognized this year by Deloitte′s Technology Fast 50 Program for our innovation and successes."
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2002 and $5,000,000 in 2006, be headquartered in Silicon Valley 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.
This year′s Silicon Valley Technology Fast 50 program is co–presented by Deloitte & Touche USA LLP and Silicon Valley Bank, Cooley Godward Kronish LLP, Korn/Ferry International, and Woodruff–Sawyer & Co.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. 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. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the U.S. member firm of Deloitte Touche Tohmatsu. In the U.S., 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.
About Ketera
Ketera is the fastest–growing provider of On Demand Spend Management solutions, providing companies with the applications and services needed to control and reduce corporate spending. Ketera′s closed–loop spend management solutions include applications for spend analysis, sourcing, contract management, procurement, supplier enablement & content management, supplier performance management, and invoice management.
Since its inception, Ketera has supported enterprise customers of all sizes, industries and geographies, including numerous Fortune 500 companies. In 2006, Ketera surpassed $5 trillion in spend analyzed and more than $1 billion in transactions between buyers and suppliers. Many of the world′s leading enterprise companies, including ServiceMaster, American Express, Kennametal, Con–way, and Northrop Grumman Corporation, depend on Ketera Spend Management to deliver real, hard–dollar savings quickly.
For more information about Ketera and the Ketera Spend Management suite of services, please visit: http://www.ketera.com.
For more information:
Amy Wall
Voce Communications, Inc.
650–228–5182
awall@vocecomm.com
Source: Ketera Technologies
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