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Tenrox Ranked on Deloitte Technology Fast 500 of Fastest Growing Companies in North America with 576 % Revenue Growth Over Five Years
“We are honored to be included in such a distinguished list of companies,” said Rudolf Melik, President and CEO of Tenrox, “With our recent major customer wins and a great new software release by end of this month, it is certainly our intention to maintain if not exceed our current revenue growth objectives.” “Achieving sustained revenue growth of 576 % over five years is a tremendous accomplishment during a difficult period for the technology sector,” Mark A. Evans, national managing partner of Deloitte's Technology, Media & Telecommunications Group. “Phenomenal growth by Tenrox puts it in a select list of companies.” 500 Selections and Qualifications The Technology Fast 500 list is compiled from Deloitte's 20 regional North American Fast 50 programs, nominations submitted directly to the Technology Fast 500, and public company database research. To qualify for the Technology Fast 500, entrants must have had 1998 operating revenues of at least $50,000 USD or $75,000 CD for the United States and Canada, respectively, and 2002 operating revenues must be at least $1 million USD or CD. Entrants must be a public or private company headquartered in North America and must be a "technology company," defined as a company that either owns proprietary technology that contributes to a significant portion of the company's operating revenues or that 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 Deloitte Deloitte, one of the nation's leading professional services firms, provides audit, tax, financial advisory services and consulting 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 has been recognized as one of the "100 Best Companies to Work for in America" by Fortune magazine for six consecutive years. "Deloitte" refers to Deloitte & Touche LLP and affiliated entities. Deloitte is the US member firm of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein (association), and, as such, 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 name "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu" or other related names. The services described herein are provided by the US member firm and not by the Deloitte Touche Tohmatsu Verein. For more information, please visit Deloitte's web site at www.deloitte.com/us. About Tenrox Tenrox empowers client companies to meet the challenges of globalization, enterprise fragmentation and increased regulatory scrutiny. Available on-demand or on-premise, Tenrox project workforce management solutions have served more than 800 organizations in 50 countries, maximizing efficiency, data security and reliability. Since 1995, Tenrox has served organizations such as Rio Tinto Alcan, E*TRADE Securities , First National Bank, Visa, Hydro Quebec, Invensys Systems Canada, Major Drilling, Pioneer Natural Resources, US Army, The Pentagon, Talisman Energy, University of Michigan, Northrop Grumman, Oxfam, Thermo Fisher Scientific, Estee Lauder and Wyeth. Tenrox software is available through direct sales channels and a network of worldwide partners. For more information about the company or its award-winning family of products, go to www.tenrox.com. Media Contact:
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