
BizNet Software Named Rising Star in
the Deloitte Technology Fast 50 Program for Texas
Financial Performance Management company enjoys three-year
growth of 1,877 percent
Dallas,
Texas - September 25, 2003 - BizNet Software Inc., which
combines accounting and technology expertise to help companies
improve financial reporting and processes, has been named a
Rising Star in Deloitte & Touche's Technology Fast 50 program
for Texas.
The Rising Star award is a special designation for
fast-growth technology companies that have been in business just
three or four years and is part of the Texas Crescent Technology
Fast 50 program, which ranks the 50 fastest growing technology
companies headquartered in Austin, Dallas-Fort Worth Metroplex,
Houston and San Antonio. BizNet - one of only six Texas
companies named in this category - was recognized as the
second-fastest growing technology company in Texas based on
revenue growth of 1,877 percent over three years (2000-2002).
This year's Texas Crescent Technology Fast 50 program is
co-presented by Deloitte & Touche LLP, one of the nation's
leading professional services firms, and Haynes & Boone.
On August 22nd, BizNet Software was honored for its
outstanding one-year revenue percentage growth with a
Dallas/Fort Worth Fast 50 award at the Tech Titans/Fast 50
awards program.
"We are honored to be recognized by Deloitte & Touche for our
strong performance. Our remarkable growth speaks to the quality
of our people, products and services," said BizNet Chief
Executive Officer and President George McMann. "In today's
economic and regulatory environment, CFO's need cost-effective
financial reporting and analysis products that work with and
enhance their existing financial systems. With our unique
combination of accounting and technological expertise, BizNet is
able to deliver solutions that help businesses make smart
decisions."
"The Deloitte & Touche Texas Crescent Technology Fast 50
Rising Star companies have shown the strength, vision and
temerity to succeed despite a very challenging technology
environment," said Donna Epps of Deloitte & Touche's Technology,
Media & Telecommunications practice in Dallas. "We applaud the
successes of BizNet Software and acknowledge their place as one
of the few to accomplish such a fast growth rate over the past
three years."
To qualify for the Technology Fast 50 Rising Star program,
companies must have had operating revenues of at least $50,000
in 2000 and $1,000,000 in 2002, must be public or private
companies headquartered in North America, and be a "technology
company" defined as owning proprietary technology that
contributes to a significant portion of the company's operating
revenues (using other companies' technology in a unique way does
not qualify); and/or devoting a significant proportion of
revenues to research and development of technology.
Rising Star winners are automatically entered in the Deloitte
& Touche Technology Fast 500 program's Rising Star category.
The Deloitte & Touch Technology Fast 500 program ranks North
America's top 500 fastest growing technology companies based on
revenue growth over five years (1998-2002). Its Rising Star
ranking is based on revenue growth over three years
(2000-2002). For more information on the Deloitte & Touche
Technology Fast 50 or Fast 500 programs, visit
www.fast500.com.
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About BizNet Software
BizNet Software's staff of accountants and IT professionals
specializes in helping companies improve the financial reporting
process by enhancing existing financial systems and processes,
resulting in better decision making and shorter closing cycles.
About Deloitte & Touche
Deloitte & Touche, one of the nation's leading professional
services firms, provides assurance and advisory, tax, and
management consulting services through nearly 30,000 people in
more than 80 U.S. cities. The firm is dedicated to helping its
clients and its people excel. Known as an employer of choice
for innovative human resources programs, Deloitte & Touche has
been recognized as one of the "100 Best Companies to Work For in
America" by Fortune magazine for six consecutive years.
Deloitte & Touche refers to Deloitte & Touche LLP and related
entities. Deloitte & Touche is the US national practice of
Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss
Verein, and each of its national practices is a separate and
independent legal entity. For more information, please visit
Deloitte & Touche's web site at
www.deloitte.com/us.
CONTACT:
Steve Hill
Michael & Partners
stevehill@michaelpartners.com
972.716.0500 x105
Ben McMann
BizNet Software
bmcmann@biznetsoftware.com
972.893.0000 x101 |