TRANSLATIONS.COM RECOGNIZED IN DELOITTES TECHNOLOGY FAST 50 PROGRAM FOR THE THIRD TIME
New York, USA -- Translations.com, a leading provider of language and technology solutions, has been named to Deloitte's Technology Fast 50 for New York. The award recognizes fast-growth technology companies and ranks the 50 fastest developing technology companies headquartered in the state. Rankings are based on the percentage of growth in fiscal year revenues over five years. Notably, the average increase in revenues among the companies being awarded is 1,825 percent.
Translations.com's selection was based on exceptional organic revenue growth for the period as well as strength garnered from strategic acquisitions. The company provides content localization and Globalization Management Software, which together support worldwide operations for a diverse set of clients from virtually every major industry including financial services, travel & tourism, retail, technology, life sciences, and manufacturing.
"Deloitte's New York Technology Fast 50 companies have shown strength, vision, and tenacity to succeed in today's very competitive technology environment," said Ed Moran, Director of Product Innovation/Leader Nanotechnology Industry Practice, Deloitte Services LP, New York. "We applaud the successes of Translations.com and acknowledge it as one of the few companies in this region with an extraordinary growth rate over the past five years."
Phil Shawe, President and CEO of Translations.com, said "We are incredibly proud that we have been recognized for the third time by Deloitte as one of the fastest growing companies in the region and I am glad to accept and share this award with all of our employees who have made our success possible."
Deloitte & Touche announced the rankings of the Technology Fast 50 winners at an awards dinner on Thursday, September 14, 2006, at the Ritz Carlton Hotel, New York. All U.S. and Canadian based Technology Fast 50 winners are automatically entered in the Deloitte Technology Fast 500. The Deloitte & Touche Technology Fast 500 Program ranks North America's top 500 fastest growing technology companies based on revenue growth over five years (2001-2005). 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 Nasdaq, The Bank of New York, Geller & Company, UK Trade & Investment, Proskauer Rose, Rensselaer County and Lakefront Capital, LLC.