OpSource Ranked Number Three in Deloitte's Technology Fast 50 Program
for Silicon Valley Internet, Media & Entertainment and
Communication Companies
Attributes its 5,733 Percent Revenue Growth to Complete
SaaS Delivery Solution and Success-Based Pricing Model
SANTA CLARA, Calif. (Business Wire EON/PRWEB ) October 31, 2007 --
OpSource™,
the SaaS delivery experts, today announced that it has been named to
Deloitte's prestigious Technology Fast 50 Program for Silicon Valley, a
ranking of the fastest growing technology, media, telecommunications,
and life sciences companies in the region by Deloitte & Touche USA LLP,
one of the nation’s leading professional
services organizations. Rankings are based on the percentage revenue
growth over five years from 2002 to 2006.
OpSource CEO Treb
Ryan said, “The main reason for our 5,733
percent revenue growth from 2002 to 2006 is that OpSource provides the
only complete Web application
delivery solution that is priced on-demand. This is particularly
important because it minimizes the investment new and transitioning
software and Web companies must make to enter the on-demand world. In
addition, unlike traditional managed hosting companies that simply
manage servers, OpSource provides the entire spectrum of services
required to bring a Web application to market. Our customers develop the
application and we deliver it. We assist customers with the unique
issues that SaaS companies face, such as billing
and analytics,
application
management, 24x7 end-user support, security and regulatory
compliance. For example, OpSource
On-Demand is SAS
70 Type II audited and complies with PCI and HIPAA requirements.”
Mark Jensen, partner and national director, Venture Capital Services,
Deloitte & Touche USA LLP, said, “Sustaining
high revenue growth over five years is an exceptional accomplishment. We
commend OpSource for making the commitment to technology and delivering
on the promise of market longevity. We are proud to honor OpSource as
part of Deloitte’s Technology Fast 50.”
OpSource's increase in revenues resulted in a number three ranking in
the Internet, Media & Entertainment and Communication category of the
Technology Fast 50 for Silicon Valley. The average increase in revenues
among companies who made the Technology Fast 50 was 1,455 percent.
To qualify for the Technology Fast 50, companies must have had operating
revenues of at least $50,000 in 2002 and $5,000,000 in 2006, be
headquartered in Silicon Valley and be a company that owns proprietary
technology or proprietary intellectual property that contributes to a
significant portion of the company's operating revenues; or devotes a
significant proportion of revenues to the research and development of
technology. Using other companies' technology or intellectual property
in a unique way does not qualify.
Companies from the 16 regional Technology Fast 50 programs in the United
States and Canada are automatically entered in Deloitte’s
Technology Fast 500 program, which ranks North America’s
500 fastest growing technology, media, telecommunications and life
sciences companies. For more information on Deloitte’s
Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.
This year’s Silicon Valley Technology Fast 50
program is co-presented by Deloitte & Touche USA LLP and Silicon Valley
Bank, Cooley Godward Kronish LLP, Korn/Ferry International, and
Woodruff-Sawyer & Co.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss
Verein, its member firms and their respective subsidiaries and
affiliates. 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. Services are provided by the member firms or
their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu
Verein.
Deloitte & Touche USA LLP is the US member firm of Deloitte Touche
Tohmatsu. In the US, services are provided by the subsidiaries of
Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting
LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and
their subsidiaries), and not by Deloitte & Touche USA LLP.
About OpSource
OpSource™ delivers Web applications and
software-as-a-service for on-demand companies, with hundreds of
applications, millions of users and billions of transactions supported
daily. OpSource On-Demand, the leading platform for Web application
delivery, is defining how Web-based software is delivered. By choosing
OpSource as their Web application delivery partner, companies are freed
from investing in and managing the complex and costly infrastructure and
services necessary to deliver applications over the Web. They can
instead focus their resources on developing, marketing and selling their
applications and services. OpSource On-Demand is suitable for companies
at any stage of growth, with any type of on-demand application. OpSource
is the only company to offer Success-Based Pricing℠,
a unit-based pricing model that allows businesses to begin with a modest
minimum commitment and scale expenses as revenues increase.
Headquartered in Santa Clara, Calif., OpSource has Web application
delivery centers in Virginia, London and Bangalore. For more information
about OpSource, visit www.opsource.net.
OpSource, OpSource On-Demand and the OpSource logo are trademarks
of OpSource, Inc. Success-Based Pricing is a service mark
of OpSource, Inc. All other trademarks and company names mentioned are
protected by their respective owners.
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