Bellevue, WA (PRWEB) November 9, 2004
Ascentis Corporation has been named to Deloitte's prestigious Technology Fast 50 Program for Washington State, a ranking of the 50 fastest growing technology companies in the area by Deloitte & Touche LLP, one of the nationÂs leading professional services firms. Rankings are based on the percentage of growth in fiscal year revenues over five years, from 1999Â2003.
AscentisÂ CEO, Charles DÂAmbrosia, credits the changing marketplace with the company's 309 percent revenue growth from 1999Â2003. He says, ÂAutomated HR is a business need that is quickly becoming a Âmust haveÂ in today's marketplace and a need that Ascentis has been fulfilling for years. Ascentis brings to the market something its competitors cannot Â enterprise-like HR software created by HR experts for HR professionals. There is no other HR software available to the small and mid-sized market that is complex and robust yet as user-friendly as HROffice.Â
Ascentis' increase in revenues of 309 percent from 1999 to 2003 resulted in a high ranking (number 20 on the list) in the Fast 50 for Washington State.
ÂThe Deloitte Washington State Technology Fast 50 (or Rising Star) companies have shown the strength, vision and temerity to succeed despite a very challenging technology environment,Â said Larry Hile of DeloitteÂs Seattle office. ÂWe applaud the successes of Ascentis Corporation and acknowledge their place as one of the very few to accomplish such a fast growth rate over the past five years.Â
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 (using other companies' technology in a unique way does not qualify); and/or devoting a significant proportion of revenues to research and development of technology.
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 AmericaÂs top 500 fastest growing technology companies. For more information on the Fast 50 or Fast 500 programs, visit http://www.fast500.com.
About Ascentis Corporation
Founded in 1994 and based in Bellevue, Wash., Ascentis Corporation is a pioneer in state-of-the-art human resources management systems (HRMS). The companyÂs flagship product, HROffice, eliminates the paper process and builds on the latest technologies from Microsoft for easy integration with those tools HR departments use on a day-to-day basis. Connect, communicate, and control all aspects of HR with HROffice. HROffice provides comprehensive benefits management, online benefits enrollment, and seamless connectivity to payroll providers and insurance carriers for small to mid-sized organizations.
As a Microsoft Gold Certified Partner, Ascentis Corporation was named to the Deloitte & Touche prestigious 2003 Technology Fast 500 list and is ranked one of the 500 fastest growing technology companies in North America. In 2004 - for the second year in a row - Ascentis was named by Deloitte & Touche as one of the 50 fastest growing companies in Washington State. Additionally, Washington CEO Magazine included Ascentis in its ÂHightech 100Â list, Workforce Management Magazine named HROffice to its hot list of the ÂTop 15 HRMS SystemsÂ in its March 2004 issue, Software Magazine included Ascentis in its Â2004 Software 500 list,Â and Forbes.com named Ascentis to its ÂBest of the Web PickÂ in the human resources category. For more information on Ascentis Corporation and the HROffice product line, visit http://www.ascentis.com or call 800.229.2713.
Deloitte, one of the nation's leading professional services firms, provides audit, tax, financial advisory services and consulting through nearly 30,000 people in more than 80 U.S. cities. Known as an employer of choice for innovative human resources programs, the firm is dedicated to helping its clients and its people excel. "Deloitte" refers to the associated partnerships of Deloitte & Touche USA LLP (Deloitte & Touche LLP and Deloitte Consulting LLP) and subsidiaries. Deloitte is the US member firm of Deloitte Touche Tohmatsu. For more information, please visit Deloitte's web site at http://www.deloitte.com/us.
Deloitte Touche Tohmatsu is an organization of member firms devoted to excellence in providing professional services and advice. We are focused on client service through a global strategy executed locally in nearly 150 countries. With access to the deep intellectual capital of 120,000 people worldwide, our member firms, including their affiliates, deliver services in four professional areas: audit, tax, financial advisory services and consulting. Our member firms serve more than one-half of the worldÂs largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global growth companies.
Deloitte Touche Tohmatsu is a Swiss Verein (association), and, as such, neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each otherÂs acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names ÂDeloitteÂ, "Deloitte & Touche", "Deloitte Touche Tohmatsu" or other related names. The services described herein are provided by the member firms and not by the Deloitte Touche Tohmatsu Verein. For regulatory and other reasons certain member firms do not provide services in all four professional areas listed above.
Courtney McKenzie, Ascentis Corporation, 800.229.2713 x 182, firstname.lastname@example.org
This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.
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