WHI Solutions, Inc. Ranked as one of the Fastest Growing Companies in North America on Deloitte’s 2007 Technology Fast 500
Attributes its Revenue Growth to rapid adoption of it’s Nexpart on demand ebusiness solutions.
Rye Brook, NY, October 23, 2007 — WHI today announced that it ranked on Deloitte’s 2007 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 2002–2006.
Bryan Murphy, CEO WHI Solutions, credits the WHI Team with the company's remarkable revenue growth from 2002–2006. Murphy said, “We have great people, who listen to our customers and provide them with great products. Our on demand business management suite helps our customers grow faster and more profitably than they could in the past.”
"Deloitte’s Technology Fast 500 recognizes technology companies who have achieved extraordinary growth in North America’s most innovative and competitive sectors,” said Phil Asmundson, vice chairman, U.S. Technology, Media and Telecommunications, Deloitte & Touche USA LLP. "We congratulate WHI on this significant accomplishment."
Overall, companies that ranked on the 2007 Technology Fast 500 had growth rates ranging from 253 to 79,060 percent over five years, with an average growth rate of 1,823 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 16 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2002 to 2006.
Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating 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.
One of the fastest growing software companies in America, WHI provides on demand business management solutions to over 1600 large and small companies in the Automotive, Hard goods and Electrical distribution markets, including over 22 Fortune 500 customers. WHI products and services are used by over 100,000 users to increase their effectiveness and efficiency. Products are specialized for use by manufacturers, distributors, retailers, and their customers. Investors in WHI, Inc. include Polaris Venture Partners, MidMark Capital, Goldman Sachs and Starboard Capital. www.whisolutions.com
WHI Solutions, Inc.
WHI and Nexpart are registered trademarks of WHI Solutions, Inc. Other company and product names may be trademarks of their respective owners.