TransPerfect Named to Technology Fast 500: Deloitte's Official Ranking of the Fastest Growing Technology Companies in North America
NEW YORK, November 9, 2009 – TransPerfect today announced that it ranked on the 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 to 2008. TransPerfect grew 654% percent during this period.
TransPerfect’s CEO, Liz Elting, credits a commitment to investing in quality systems, a culture of service, and diversification of sales across global markets with the company’s 654% revenue growth over the past five years. She said, “We are honored to have been recognized for the fifth time by Deloitte as one of the fastest growing companies in the US and I am delighted to accept and share this award with all of our employees who have worked so hard to make this success possible.”
“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 TransPerfect on this accomplishment."
“With its impressive five-year growth, TransPerfect 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 TransPerfect for its achievement.”
TransPerfect is a family of companies including TransPerfect Translations, TransPerfect Legal Solutions, Translations.com, and Deal Interactive, as well as specialized staffing, transcriptions, and multicultural marketing divisions. With revenue of over $200 million and more than 1,100 full-time employees, TransPerfect is the largest privately held language services provider in the world. From 57 offices on 4 continents, TransPerfect offers a full range of services in over 100 languages to multinationals worldwide. With a network of over 4,000 linguists and subject-area specialists worldwide, TransPerfect is the largest translation company to be fully ISO 9001:2000 certified. TransPerfect is headquartered in New York and has regional headquarters in London and Hong Kong. For more information, please visit our websites at www.transperfect.com and www.translations.com.
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.
Deloitte’s 2009 Technology Fast 500TM Media Guidance
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.
“As used in this document, “Deloitte” means Deloitte LLP. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.”