Technology Fast 500 recognizes innovative companies that have broken down barriers to success and defied the odds with their remarkable five-year revenue growth
Reston, VA (PRWEB) October 20, 2009
ScienceLogic, a leading developer of IT Operations Management solutions, today announced that it ranked number 58 on Technology Fast 500™, Deloitte LLP'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 five year period from 2004-2008. ScienceLogic grew 3,208 percent during this period.
ScienceLogic's CEO, David Link, credits the more sophisticated IT management needs of midmarket companies and the pioneering appliance model enabling rapid deployment, ROI and time to value with the company's 3,208% revenue growth over the past five years. He said, "ScienceLogic was started by technologists who lived the problem that our products help solve. We knew there was a better way and set out to deliver it, not just to enterprises but also to the midmarket companies that have the same IT management needs of larger players but are more resource constrained. Being recognized on the Deloitte Technology Fast 500 list is validation that our solutions are helping to make a difference."
"Technology Fast 500 recognizes innovative companies that have broken down barriers to success and defied the odds with their remarkable five-year revenue growth," said Phil Asmundson, Vice Chairman and U.S. Technology, Media and Telecommunications leader, Deloitte LLP. "We congratulate ScienceLogic on this accomplishment."
"With its impressive five-year growth, ScienceLogic has earned its position among the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America," said Mark Jensen, Managing Partner, Technology and Venture Capital Services, Deloitte & Touche LLP. "Deloitte is proud to honor ScienceLogic for its achievement."
Overall, Technology Fast 500™ award winners for 2009 had growth rates ranging from 212 to 146,050 percent over five years, with an average growth rate of 2,486 percent.
Technology Fast 500 Selection and Qualifying Criteria
Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. This ranking is compiled from nominations submitted directly to the Technology Fast 500 website, and public company database research conducted by Deloitte. Technology Fast 500 award winners for 2009 are selected based on percentage fiscal year revenue growth during the five-year period from 2004 to 2008.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues. Using other companies' technology or intellectual property in a unique way does not satisfy this requirement. Consulting companies, professional service firms, etc. are not eligible unless they have proprietary technology that contributes to a significant portion of their operating revenues.
Technology Fast 500 award eligibility requirements also include 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. These revenues must have more than doubled between 2004 and 2008. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
Reston, Va.-based ScienceLogic LLC was started with one goal: Simplify IT. Founded and staffed by technology professionals who are intensely focused on making IT management simpler, better and faster, ScienceLogic is committed to delivering solutions with unquestionable quality and value and enabling its customers to deliver impeccable service to their constituents. ScienceLogic's patent-pending EM7 Meta-Appliances are a next-generation "framework" solution engineered to deliver comprehensive systems, network and application management out-of-the-box. The revolutionary EM7 technology combines a secure and pre-integrated set of applications with automation tools, reporting, "single pane of glass" view and centralized data repository - all optimized to work together for proactive and efficient (IT operations management). Industry Awards: Inc 500 list of Fastest Growing Private Companies, Winner - Best of Interop/Network Management) 2009, Gartner Cool Vendor in IT Operations 2009. For more information, call 1-800-SCI-LOGIC (1-800-724-5644) or visit our web site at http://www.sciencelogic.com.
As used in this document, "Deloitte" means Deloitte LLP. Please see http://www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.