ITFinity Ranked Fastest Growing Indian Technology Company in the Deloitte Technology Fast 500 Asia Pacific 2004 Program

ITFinity achieves 905% percent revenue growth and ranks 29th fastest growing technology company in Asia Pacific and the fastest growing company in India

Mumbai, India (PRWEB) January 10, 2005 -- Mobile technology company ITFinity today announced that it ranked number 29 in Deloittes Technology Fast 500 Asia Pacific 2004 and the fastest growing technology company in India. The program is a ranking of the 500 leading technology companies across the Asia Pacific region based on percentage revenue growth over a period of three years. ITFinity grew 905 percent during this period.

I attribute this growth to teamwork and to our single-minded focus on technology expertise and innovation in the mobile data space", says Krishna Jha, CEO. In 2005 we expect to maintain this growth on the back of some key product launches. We also plan to raise additional financing and expand internationally during this year", continued Jha.

Those companies that have earned a position in this years Deloitte Technology Fast 500 Asia Pacific have made a significant achievement. The average revenue growth for the companies on the list was 400 percent, and for the top five winners -- 15,783 percent. The results give us strong grounds for real confidence. The increased rates of growth and exceptional performance across all sectors reflect that Asia Pacific technology leaders are back on track," said Ian Thatcher, Partner in Charge, Deloitte Technology Fast 500 Asia Pacific.

The winning companies came from a variety of technology businesses and industry sectors from across Asia Pacific.

Mr. Thatcher said: To succeed in todays Asia Pacific technology markets, companies need to be not only customer-focused, but have the ability to adapt to changes and new technologies"

Eligibility Criteria for the Deloitte Technology Fast 500 Asia Pacific 2004 Program
In order to qualify for the Deloitte Technology Fast 500 Asia Pacific program, a company must meet the following criteria:

1- It must be a technology company defined as:
-- A company that develops proprietary technology which contributes to a significant portion of the company's operating revenues (NB using another company's technology in a unique way does not qualify); or
-- A company that manufactures a technology-related product; or
-- A company that devotes a high percentage of effort to research and development of
technology.

2- It must be in business for a minimum of three years.

3- It must have revenues of at least US$50,000 in the first of the years being analysed.

4- It must be Asia Pacific owned and headquartered
in the Asia Pacific region.

Note: For a complete list of the Deloitte Technology Fast 500 winners for 2004 (and past years), visit www.fast500.com.

About ITFinity
ITFinity is a mobile technologies company based in Mumbai, India. The company provides key products and solutions for mobile operators and device manufacturers. ITFinity is funded by a team of international private investors including McKinseys Rajat Gupta.

About Deloitte Touche Tohmatsu
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 organisation 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 120,000 people worldwide, Deloitte delivers services in four professional areas-audit, tax, consulting and financial advisory services-and serves more than one-half of the worlds 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 ember firms has any liability for each others 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.

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