TRANSLATIONS.COM NAMED RISING STAR IN
DELOITTE & TOUCHE'S TECHNOLOGY FAST 50 PROGRAM
NEW YORK, New York, September 25, 2003 - Translations.com has been named a Rising Star in Deloitte & Touche's Technology Fast 50 program for New York. The Rising Star award is a special designation for fast-growth technology companies and is part of the New York Technology Fast 50 program, which ranks the 50 fastest growing technology companies headquartered in the state. Rankings are based on the percentage of growth in fiscal year revenues over three years (2000 to 2002).
Translations.com's selection was based on exceptional organic revenue growth for the period as well as growth from three strategic acquisitions in 2002. The company provides language services and Multilingual Content Management software, which together support global operations for a diverse set of clients from virtually every major industry including financial services, travel and tourism, retail fashion, consumer technology, healthcare, and manufacturing.
"The Deloitte & Touche New York Technology Fast 50 Rising Star companies have shown the strength, vision and temerity to succeed despite a very challenging technology environment," said Larry Wizel, Partner in the Technology, Media, and Telecommunications practice of Deloitte & Touche and Chair of the New York Technology Fast 50. We applaud the successes of Translations.com and acknowledge their place as one of the few to accomplish such a fast growth rate over the past three years."
Phil Shawe, President and CEO of Translations.com, said, "We have thrived in a challenging economic climate because our services and software are soundly rooted in helping some of the world's largest companies transact business and communicate more effectively on a global scale in all channels."
Deloitte & Touche will announce the rankings of the Rising Star winners at an awards dinner on Thursday, September 25, 2003, at the Ritz-Carlton New York, To qualify for the Technology Fast 50 Rising Star program, companies must have had operating revenues of at least $50,000 in 2000 and $1,000,000 in 2002, must be public or private companies headquartered in North America, and be a "technology company" defined as owning proprietary technology that contributes to a significant portion of the company's operating revenues (using other companies' technology in a unique way does not qualify); and/or devoting a significant proportion of revenues to research and development of technology.
Rising Star winners are automatically entered in the Deloitte & Touche Technology Fast 500 program's Rising Star category. The Deloitte & Touche Technology Fast 500 program ranks North America's top 500 fastest growing technology companies based on revenue growth over five years (1998-2002). Its Rising Star ranking is based on revenue growth over three years (2000-2002). For more information on the Deloitte & Touche Technology Fast 50 or Fast 500 programs, visit www.fast500.com.
This year's New York Technology Fast 50 is supported by Platinum Sponsors: Bank of New York, Geller & Company, Marsh Financial Services, NASDAQ, and Proskauer Rose; Gold Sponsors: the Journal News; and Silver Sponsors: Polytechnic University the NYU Center for Advanced Technology.