MINNEAPOLIS, MN - IDeaS, the leading provider of hospitality revenue optimization solutions and one of America's fastest growing technology companies, announced today that it ranks 262 on the 2003 Deloitte Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on average percentage revenue growth over five years, from 1998-2002. IDeaS grew 1,194 percent during this period. This marks IDeaS third consecutive year ranking on the Deloitte Technology Fast 500.
"Making the Deloitte Technology Fast 500 is a testament to a company's commitment to technology," said Mark A. Evans, national managing partner of Deloitte's Technology, Media & Telecommunications Group. "With its 1,194 percent growth rate over five years, IDeaS has proven that its leadership has the vision and determination to grow in difficult conditions." Fast 500 Selection and Qualifications - The Fast 500 list is compiled from Deloitte's 20 regional North American Fast 50 programs, nominations submitted directly to the Fast 500 and public company database research. To qualify for the Fast 500, entrants must have had 1998 operating revenues of at least $50,000 USD and $75,000 CD for the United States and Canada, respectively; and 2002 operating revenues must be at least $1 million USD or CD. Deloitte researchers examined financial statements to validate operating revenues. Entrants must also be public or private companies 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."Our clients and the hospitality industry in general were at economic ground-zero after 9/11," comments Ed Booth, President and CEO of IDeaS. "Our proudest achievements have been to maintain our customer loyalty, overhaul our business structure, develop new products, grow our revenue and reach profitability in the extremely difficult aftermath of 9/11."
Contact
Sara Lefrooth
Phone: 952-698-4200
Fax: 952-698-4299
Email: slefrooth@ideas.com
Organization
IDeaS a SAS company
https://ideas.com
8500 Normandale Lake Boulevard, Suite 1200
USA
- Minneapolis, MN 55437
Phone: (952) 698-4200
Email: info@ideas.com
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