Globoforce Ranked No. 12 in Deloitte Technology Fast 50

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Company’s Growth Attributed to Growing Demand for Global Employee Recognition Programs Among Global 2000 Corporations.

This year’s ranking was one of the closest that we have seen in the eight years of the competition to date. Many of the companies have demonstrated continuing growth, evidenced by their presence in the Fast 50 rankings year on year. Encouragingly, the Fast 50 program continues to identify the presence of successful fast growth rising stars in the Irish technology sector.

Globoforce, a leading provider of worldwide, on-demand employee recognition programs, today announced that it ranked No. 12 in the 2007 Deloitte Technology Fast 50, a ranking of the 50 fastest growing technology companies in Ireland. Rankings are based on average percentage revenue growth over five years.

"We are extremely honored to once again be recognized by the Deloitte Technology Fast 50 program for outstanding year-on-year growth," said Eric Mosley, Globoforce CEO. "More and more global companies are discovering how important a strategic recognition program can be for improving their employee engagement levels, which ultimately has a direct impact on the company’s bottom line. Our continued and rapid growth is clear evidence that Globoforce is the provider of choice for organizations that want to implement a truly global employee recognition program."

The Fast 50 program, now in its eighth year in Ireland ranks the fastest-growing technology companies in the Republic of Ireland and Northern Ireland. This year, there were 15 companies from Northern Ireland in the ranking. The average annual growth rate of the winning companies was 497 percent.

Announcing the winners of the Technology Fast 50 program, David O’Flanagan, Partner with Deloitte, Dublin said: "This year’s ranking was one of the closest that we have seen in the eight years of the competition to date. Many of the companies have demonstrated continuing growth, evidenced by their presence in the Fast 50 rankings year on year. Encouragingly, the Fast 50 program continues to identify the presence of successful fast growth rising stars in the Irish technology sector."

The awards took place in the Mansion House, Dublin. Industry figures speaking at the event included Joe Macri, MD, Microsoft Ireland, Barry Maloney, Partner, Balderton Capital and Paul Lee, Director, Deloitte Research, Deloitte UK.

Details of the final Technology Fast 50 ranking list are available to download at http://www.fast50.ie.         

About Globoforce:
Founded in 1999 and co-headquartered in Southborough, Massachusetts and Dublin, Ireland, Globoforce is a leading on-demand provider of global, strategic recognition solutions for Global 2000 companies. Globoforce delivers an innovative, easy-to-use, on-demand solution that engages employees across the globe, transforming the way enterprises motivate their workforce. Globoforce’s blue-chip customer base – Avnet, Dow Chemical, Intel, Intuit and Procter & Gamble – reflects the importance of recognizing and engaging the workforce in the 21st century. For more information, visit http://www.globoforce.com.

About the Deloitte Technology Fast 50 Programme
To enter the Fast 50 Awards, companies must meet the criteria listed below. Entries must be sent in electronically, either by the companies themselves or through a third party.

Entry Criteria:
•Have been in business for a minimum of five years;
•Considered a technology company, which is defined as producing technology, manufacturing technology-related products, be technology intensive, or use unique technology to solve problems, devoting a high percentage of effort to technology R&D
•The parent company must be Irish-owned and have its headquarters in Ireland
(subsidiaries of multinational organisations do not qualify)
•Operating revenues must be at least €50,000 for 2002.

About Deloitte
In Ireland, Deloitte is among the nation’s leading professional service firms, providing audit, tax, consulting and financial advisory services through more than 1,000 people in Dublin, Cork and Limerick. Known as an employer of choice for innovative human resources programmes, it is dedicated to helping its clients and its people excel. "Deloitte" refers to Deloitte & Touche and any associated partnerships and companies established under the laws of Ireland. Deloitte is the Irish member firm of Deloitte Touche Tohmatsu. For more information, please visit the Irish member firm’s website at http://www.deloitte.com/ie.

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 over 140 countries. With access to the deep intellectual capital of approximately 150,000 people worldwide, Deloitte delivers services in four professional areas—audit, tax, consulting, and financial advisory services—and serves more than 80 percent of the world’s largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global 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.

Contact:
Tim Rossi
Global Public Relations Manager
+1 (508) 616-6177
timothy.rossi(at)globoforce.com

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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Timothy Rossi
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