Attributes 458 Percent Revenue Growth to Meeting Needs of Core Customer Base With Superior Product Development and Expansion of Services
SAN FRANCISCO, CA -- (Marketwire) -- 11/13/08 -- VerticalResponse, Inc. today announced that it ranked number 319 on Deloitte's 2008 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage of fiscal year revenue growth over five years, from 2003-2007. VerticalResponse grew 458 percent during this period.
VerticalResponse's CEO, Janine Popick, credits the company's 458% revenue growth over the past five years to a deep commitment to small businesses, and an ongoing investment in product and service development in direct response to customer needs.
"We really listen to and understand the needs of small businesses today. I share tips on our blog, and encourage readers to comment back there, on our Facebook page and elsewhere, and our attention to what customers want shows," said Janine Popick, CEO and founder of VerticalResponse. "Small businesses don't overlook any expense, in any economy, so growing our customer base over 54% last year is such a reward. We're proud to be recognized for that growth on the national level; it's a real testament to the importance of small businesses in this country."
"Deloitte's Technology Fast 500 recognizes companies who have achieved extraordinary growth in North America's most innovative and competitive market sectors," said Phil Asmundson, Deloitte LLP vice chairman and national managing partner for Technology, Media and Telecommunications. "We congratulate VerticalResponse on this significant accomplishment."
VerticalResponse previously ranked 254 on 2007 Deloitte's Technology Fast 500.
In addition to ranking on Deloitte's Technology Fast 500, VerticalResponse ranked 35 on the Silicon Valley Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in Silicon Valley.
Overall, companies that ranked on the 2008 Technology Fast 500 had growth rates ranging from 242 to 138,762 percent over five years, with an average growth rate of 3,043 percent.
Fast 500 Selection and Qualifying Criteria
The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte's regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company data base research. Companies are selected based on percentage revenue growth from 2003 to 2007.
Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company'soperating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.
VerticalResponse, Inc. is a leading provider of self-service email marketing, survey and direct mail services empowering small businesses andnon-profit organizations to create, manage and analyze their own directmarketing campaigns. VerticalResponse's flagship product, which allows customers to deliver sophisticated yet easily deployed email campaigns, is the most intuitive and affordable Web-based direct marketing solution available. VerticalResponse is headquartered in San Francisco, California.For additional information, please visit www.verticalresponse.com.
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.