For Second Consecutive Year, Ketera Ranks Among Fastest Growing Tech Companies; Company Attributes its 1,233 Percent Revenue Growth to Delivering Business Value to Customers
Santa Clara, Calif., October 30, 2007 - Ketera, the leading provider of On Demand Spend Management solutions, has been named to Deloitte′s prestigious Technology Fast 50 Program for Silicon Valley - a ranking of the fastest growing technology, media, telecommunications, and life sciences companies in the region by Deloitte & Touche USA LLP, one of the nation′s leading professional services organizations. Rankings are based on percentage revenue growth over five years, from 2002-2006. Ketera grew 1,233 percent during this period.
Ketera′s CEO Burton M. Goldfield credits a keen understanding of customers′ procurement pain points and the company′s continued diligence in delivering business value from its proven on demand spend management solutions with the company′s five-year growth rate of 1,233 percent. Goldfield said, "Ketera thrives on our ability to provide enterprise-class spend management solutions that offer customers a holistic approach to managing corporate spend, with easy-to-use applications that drive quick time-to-value. As we remain steadfast in our march to deliver these objectives, it′s an honor to once again be recognized this year by Deloitte′s Technology Fast 50 Program for our innovation and successes."
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2002 and $5,000,000 in 2006, be headquartered in Silicon Valley and be a company that owns proprietary technology or proprietary intellectual property 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 or intellectual property in a unique way does not qualify.
This year′s Silicon Valley Technology Fast 50 program is co-presented by Deloitte & Touche USA LLP and Silicon Valley Bank, Cooley Godward Kronish LLP, Korn/Ferry International, and Woodruff-Sawyer & Co.
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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.
