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Albridge Solutions Recognized Among The Fastest Growing North American Companies in Deloitte's Technology Fast 500 ProgramLawrenceville, NJ — October 23, 2006 – Albridge Solutions Inc., a provider of enterprise data management (EDM), Web-based portfolio accounting and performance reporting solutions, is listed among the top 20 percent of firms recognized on Deloitte's 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. The rankings are based on percentage revenue growth over five years, from 2001-2005, as determined by Deloitte & Touche USA LLP, one of the nation's leading professional services organizations. Albridge was recognized in the Technology Fast 500 in its first year of eligibility, extending the honors the firm received earlier this year in Deloitte's prestigious Technology Fast 50 ranking for New Jersey. A revenue growth of 2,942 percent spanning 2001 placed the firm among the top 20 percent of those companies included in the 2006 Fast 500 rankings. Albridge joins Google Inc. (NASDAQ:GOOG) and Yahoo! Inc. (NASDAQ:YHOO) among other nationally-recognized technology companies appearing in the annual Deloitte listing. “Albridge's five-year record of business growth reflects our commitment and focus on delivering high quality enterprise data management and wealth reporting solutions to financial services firms and registered investment advisors," said Greg Pacholski, president and chief executive officer, Albridge. "We are honored that our dedication to excellence has generated results that place Albridge on the Deloitte Technology Fast 500 ranking.” “To rank on Deloitte's Technology Fast 500, companies must have phenomenal revenue growth over five years," said Tony Kern, deputy managing principal of Deloitte's Technology, Media & Telecommunications industry practice. "Albridge Solutions has proven to be one of the fast-growth success stories in North America, and we applaud their dedication to making their vision a reality.” To qualify for the Technology Fast 500, entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devotes a significant proportion of revenues to research and development of technology. Using other companies' technology in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD and current-year operating revenues must be at least $5 million USD and CD. Companies must be in business a minimum of five years, and they must be headquartered within North America. About Albridge Solutions About Deloitte Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, 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. Contact: Jason Beyersdorfer 609-806-0235 For More Information: |