Nik Software Named One of the Nation’s Fastest Growing Companies on Deloitte’s 2011 Technology Fast 500

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Company sees its rapid growth attributed to photography market expansion

Nik Software (http://www.niksoftware.com) today announced that it ranked number 217 on the Technology Fast 500™, Deloitte’s ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2006–2010. Nik Software grew 426% during this period, ranking in the Deloitte Technology Fast 500 as the 4th fastest growing software company in the San Diego area and in the top 30 in California.

“Our growth is a direct result of over 12 years of investing in innovation for digital photography and focusing on the customer experience,” said Michael J. Slater, President and CEO of Nik Software. “We’re proud to have achieved rapid and sustainable growth over a five-year period and feel honored to be recognized as part of Deloitte’s Technology Fast 500.”

Nik Software is well known in the photography industry for making the leading software products for professionals and hobbyists. Its revolutionary U Point technology, found in all of the company’s products, has made Nik Software products the most sought-after tools in photography.

The company continues its rapid growth in desktop and mobile software, with its most recent mobile app release Snapseed approaching the 1.5 million-customer mark within four months of release. With the popularity of mobile photography skyrocketing, the company sees the market for photography software and services continuing to grow.

Over the last decade, Nik Software has won over 100 awards for product design, quality, and innovation. Earlier in the year the company won two of the industry’s most prestigious international awards (the EISA award and TIPA award) for Best Software. The company has previously won the same EISA award for innovation for its patented U Point technology.

About Deloitte’s 2011 Technology Fast 500TM

Technology Fast 500, which was conducted by Deloitte & Touche LLP, a subsidiary of Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2006 to 2010.

In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.

About Nik Software

Nik Software, Inc. develops award-winning desktop and mobile software solutions and technologies for the professional digital imaging and consumer photography markets. Established in 1995, Nik Software has become the recognized leader in digital photographic products and technologies, including its patented U Point® technology and its Snapseed® mobile product line. In 2011, the company earned the prestigious International TIPA Award for Best Photo Software for its Complete Collection of professional photography products. In 2011, the company also earned the EISA Award for European Photo Software of the Year 2011-2012 for Silver Efex Pro 2, the leading black and white photography solution.

Contact
Nik Software, Inc.
Tony Corbell
Senior Manager, Industry and Press Relations
7588 Metropolitan Drive
San Diego, CA 92108 (USA)
(619) 725-3150
tcorbell(at)niksoftware(dot)com

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Tony Corbell