@Road Ranked Again as One of the Fastest Growing Technology Companies in North America
Written by @Road
Thursday, 20 October 2005
FREMONT, Calif.-- -Oct. 19, 2005-- @Road Also Recognized as One of the Fastest Growing Silicon Valley Technology Companies as Part of Deloitte's Silicon Valley Technology Fast 50 Program
@Road(R), Inc. (Nasdaq:ARDI), a global provider of Mobile Resource Management (MRM) and intelligent field service automation solutions, today announced that the company has once again ranked on the 2005 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on percentage revenue growth over five years, from 2000-2004. @Road revenues grew 608 percent during this period.
"@Road is proud to be recognized again as one of the fastest growing companies in North America and the Silicon Valley," said Krish Panu, president and CEO of @Road. "Our impressive performance over the past five years can be attributed to a management team with the right vision and market insight, coupled with a workforce dedicated to bringing innovative @Road MRM solutions to our customers. We look forward to building on our prior successes with a new product strategy that focuses on and encompasses true end-to-end Mobile Resource Management solutions covering Field Force Management, Field Service Management and Field Asset Management."
This is the fourth consecutive year that @Road has earned a place on the Deloitte Technology Fast 500 list. In addition to ranking on Deloitte's Technology Fast 500, @Road ranked 27 on the Silicon Valley Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in the Silicon Valley.
"Because the Deloitte Technology Fast 500 measures sustained revenue growth over five years, being one of the 500 fastest growing technology companies in North America is an impressive achievement," said Tony Kern, deputy national managing principal of Deloitte's Technology, Media & Telecommunications industry practice. "@Road deserves a lot of credit for its remarkable growth."
The Fast 500 list is compiled from Deloitte's 15 regional North American Fast 50 lists, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had 2000 operating revenues of at least $50,000 USD or $75,000 CD for the United States and Canada, respectively, and 2004 operating revenues of at least $1 million USD or CD. Entrants must be headquartered in North America and must be a "technology company," defined as a company that owns proprietary technology that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology in a unique way does not qualify.
About @Road
@Road, Inc. is a leading global provider of solutions designed to automate the management of mobile resources and to optimize the service delivery process for customers across a variety of industries. @Road delivers MRM solutions in three key areas: Field Force Management, Field Service Management and Field Asset Management. By providing real-time Mobile Resource Management infrastructure integrating wireless communications, location-based technologies, transaction processing and the Internet, @Road solutions are designed to provide a secure, scalable, upgradeable, enterprise-class platform, and are offered in on-demand software delivery, on-premise or hybrid environments that seamlessly connect mobile workers in the field to real-time corporate data.
@Road provides Mobile Resource Management solutions to approximately 160,000 subscribers and end users around the world. The company is headquartered in Fremont, Calif., and has a global presence with offices in North America, Europe and Asia. For more information on @Road solutions, visit www.road.com.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the U.S. member firm of Deloitte Touche Tohmatsu. In the U.S., services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements involving risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. These factors, risks and uncertainties include, but are not limited to, the ability of @Road to sustain or achieve revenue growth; customer acceptance of @Road solutions; the ability of @Road and its alliances to market, sell and support @Road solutions; the dependence of @Road on mobile data systems technology, wireless networks, network infrastructure and positioning systems owned and controlled by others; and general economic and political conditions. Further information regarding these and other risks is included in the @Road Report on Form 10-K dated March 15, 2005, in the @Road Report on Form 10-Q dated August 9, 2005 and in its other filings with the Securities and Exchange Commission.
@Road is a registered trademark of @Road, Inc.
All other product or service names mentioned herein are the trademarks or service marks of their respective owners.
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