San Angelo, TX (PRWEB) October 22, 2004
Data Management, Inc (DMI), makers of TimeClock PlusÂ time and attendance solutions, today announced its ranking as 411th on the 2004 Deloitte North America Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on average percentage revenue growth over five years, from 1999-2003. Data Management grew 416 percent during this period.
Data Management, IncÂs CEO, Jorge Ellis, credits their Christian principles and teamwork with the companyÂs 416% revenue growth over the past five years. ÂThe growth weÂve experienced is a direct result of GodÂs guidance of a group of dedicated people willing to work togetherÂ, says Ellis.
The North America Technology Fast 500, founded in 1995, is a program of Deloitte's Technology, Media & Telecommunications (TMT) Group. The Fast 500 recognizes the 500 fastest-growing technology companies in the United States and Canada. Winners, selected from nominations and extensive research, are announced each fall.
"We congratulate Data Management, Inc on becoming one of the 500 fastest growing technology companies in North America. Growing the top line enough to make the Deloitte Technology Fast 500 is especially meaningful during tough economic times for the technology sector," said Mark A. Evans, national managing partner of DeloitteÂs Technology, Media & Telecommunications Group.
ÂThis list is historically dominated by technology companies based in metro areas such as San Jose, Austin, New York and Seattle. DMIÂs presence in such an elite list is remarkable, but in reality using todayÂs tools, weÂve situated DMI into a virtual metro area that reaches far beyond West TexasÂ, says Mark Moorman, VP Operations. ÂThose pre-internet boundaries no longer limit innovative thinking and extended commerce as they did ten years ago, and I believe weÂll see more of this type of diversity appear in DeloitteÂs lists over the next few years. Either way, we're excited about being recognized as a member of such an elite group of innovators, topped this year by Google. With only 409 companies now between us and Google, we know we're on the right track", continued Moorman.
Earlier this year, DMI earned a 29th ranking in the Fast 50 for Texas, a list of the 50 fastest growing technology companies in Texas.
Fast 500 Selection and Qualifications
Winners are selected based on the percentage of growth in revenues from 1999 to 2003. To be considered, Fast 500 and Fast 50 entrants must have met the following criteria:
-- 1999 operating revenues of at least $50,000 USD and $75,000 CD for the United States and Canada, respectively; and 2003 operating revenues must be at least $1 million USD or CD.
-- Must be a public or private company headquartered in North America and must have been in business a minimum of five years.
-- Must be a "technology company," defined as a company that owns proprietary technology 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 in a unique way does not qualify.
About Data Management
Data Management, Inc. (DMI) develops and markets TimeClock PlusÂ Time and Attendance Solutions. TimeClock Plus is rapidly becoming one of the most recognized names in the industry, and helps organizations track, report, and control their workforce, resulting in reduced costs, and increased productivity. More than 2 million people around the world use TimeClock Plus every day. To find out more about DMIÂs time and attendance solutions visit http://www.timeclockplus.com" or call 800 749-8463.
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Note: For a complete list of the Deloitte Technology Fast 500 winners for 2004 (and past years), visit http://www.fast500.com.
All names are trademarks or registered trademarks of their respective companies and are used for information purposes only.
The Deloitte Technology Fast 500 contains general information only, and Deloitte is not, by means of this program, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. The Technology Fast 500 is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect you or your business. Past performance is not necessarily indicative of future results. In addition, prediction of future events is inherently subject to both known and unknown risks, uncertainties and other factors that may cause actual results to vary materially. Before making any decision or taking any action that may affect you or your business, you should consult a qualified professional advisor. Deloitte shall not be responsible for any loss sustained by any person or entity that relies on this program.
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