OpSource Honored as Rising Star in Deloitte's Technology Fast 500 Program 2nd Year in a Row
Santa Clara, Calif., October 19, 2006 -- OpSource, the SaaS experts, announced today that they have been named a Rising Star on Deloitte's 2006 Technology Fast 500. A special category, the Rising Star list ranks the top 25 technology companies that have been in business at least three years. They are ranked based on percentage revenue growth over three years (2003 to 2005). Deloitte's Technology 500 is a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America.
"Our explosive growth over the last three years is the result of the growing demand from software and web-based companies for a partner who can provide them with the highest quality SaaS delivery solution," said Treb Ryan, CEO, OpSource. "We are the only SaaS enabler offering a complete service delivery solution based on a shared success pricing model that requires no customer capital investment. The Rising Star award is great recognition for our team, our customers and our partners."
It is exceptional for a young company to gain early traction in today's highly competitive technology marketplace and especially to report such strong revenue growth," said Tom Kern, deputy managing principal of Deloitte's Technology, Media & Telecommunications industry practice. "It's a credit to OpSource's leadership that they've managed to ramp up their business so quickly."
Rising Star Qualifications
To qualify as a Fast 500 Rising Star, entrants must have had 2003 operating revenues of at least $50,000 USD or $75,000 CD, for the United States and Canada, respectively, and 2005 operating revenues of at least $5 million USD or CD. Entrants must be headquartered in North America, and own proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues, or devote 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.
About Deloitte
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 nearly 150 countries. With access to the deep intellectual capital of approximately 135,000 people worldwide, Deloitte delivers services in four professional areas�audit, tax, consulting and financial advisory services�and serves more than one-half of the world's 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 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.
In the United States, Deloitte & Touche USA LLP is the member firm of Deloitte Touche Tohmatsu, and 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. The subsidiaries of the U.S. member firm are among the nation's leading professional services firms, providing audit, tax, consulting, and financial advisory services through nearly 40,000 people in more than 90 cities. Known as an employer of choice for innovative human resources programs, it is dedicated to helping their clients and their people excel. For more information, please visit the U.S. member firm's Web site at www.deloitte.com/us.
About OpSource
OpSource™, the SaaS experts, is focused on providing the operational infrastructure and ongoing services that enable software companies, On-Demand businesses, and web applications providers to deliver and maintain the highest quality web-based solutions. By choosing OpSource as a SaaS partner, OpSource customers are freed from infrastructure management and can focus on improving applications and acquiring new customers. OpSource's Optimal On-Demandsm infrastructure enables businesses to deploy SaaS and web-based applications quickly, cost effectively, securely, and with high quality standards. Companies at any stage in the application lifecycle, delivering any type of application, can benefit from our comprehensive services and expertise. OpSource is the only company to offer Success-Based Pricingsm, a unit-based pricing model, that allows businesses to begin with a modest minimum commitment, and their expenses scale only when their revenue increases. For more information about OpSource, visit opsource.net.