Attributes its Near 2,200 Percent Revenue Growth to Company’s Leadership Team and Dedication to Delivering Consumers an Interactive and Engaging Shopping Experience

SAN FRANCISCO – Nov. 7, 2008 – ZoomSystems has been named to Deloitte's Technology Fast 50 Program for Silicon Valley Software and Information Technology (IT) companies for the second time in two years. This year’s Silicon Valley Technology Fast 50 program is co-presented by Deloitte, Silicon Valley Bank, Korn/Ferry International, Cooley Godward Kronish LLP, Cornish & Carey Client Solutions, and ABD Insurance and Financial Services – A Wells Fargo Company. Rankings are based on the percentage revenue growth over five years from fiscal year 2003–2007.  

 

ZoomSystems is the technology leader that created the automated retail channel, bringing popular products from leading brands to consumers through its network of automated retail stores, called ZoomShops. ZoomSystems’ 2,194 percent increase in revenues from fiscal year 2003 to 2007 resulted in a 14th place ranking in the Technology Fast 50 among software and information technology companies for Silicon Valley. The average increase in revenues among companies who made the Technology Fast 50 for this region was 3,965 percent. 

 

“I’m extremely proud of the efforts of our entire ZoomSystems team in achieving and sustaining high revenue growth over the past five years,” said Gower Smith, founder and CEO of ZoomSystems. “We have focused on great execution and meeting the wants and needs of consumers by offering the best-selling products from top brands through our ZoomShop networks and delivering a one-of-a-kind shopping experience.”

 

Smith credits the company’s exponential revenue growth over the past five years to his team’s industry expertise in the retail channel and capitalizing on the macro trend towards self-service. Realizing the increasing consumer adoption of technology in everyday transactions, ZoomSystems has forged ahead, launching its 30-square-foot ZoomShops in partnership with brands such as Apple, Sony, Rosetta Stone and Proactiv Solution.

 

ZoomShops provide an engaging consumer experience through a touchscreen user interface where consumers view product photos, read and learn about products and then select and purchase immediately with the swipe of a credit or debit card. There are currently more than 750 ZoomShops operating across the United States and ZoomSystems has logged more than 1 million customer transactions since March 2005.

 

To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in fiscal year 2003 and $5,000,000 in fiscal year 2007, be headquartered in the San Francisco Bay Area, 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.

“Deloitte’s Silicon Valley Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today’s very competitive technology environment,” said Mark Jensen, Managing Partner, National Venture Capital Services, Deloitte & Touche LLP, in Silicon Valley. “We applaud the successes of ZoomSystems and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years.”

Companies from the regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte’s Technology Fast 500 program, which ranks North America’s top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte’s Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.

 

About ZoomSystems

Founded in 2002, San Francisco-based ZoomSystems enables brands to place their products directly in the path of consumers in an intensely interactive manner, removed from the competitive clutter of traditional retail. ZoomShops offer the immediate gratification of instant product delivery and are the first automated retail concept offering such a wide variety of high-end brands. ZoomSystems partners with leading brands to implement networks of automated retail stores in high-traffic locations such as airports, shopping centers, supermarkets, and retail.  ZoomSystems’ investors include Goldman, Sachs & Co., Sierra Ventures, NeoCarta Ventures and Motorola Ventures. For more information, visit www.zoomsystems.com.

 

About Deloitte

As used in this document, “Deloitte” means Deloitte LLP.  Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.

PR Contact: 

Stephanie Bowler, ZoomSystems, 415-348-7475, stephanie.bowler@zoomsystems.com

Tara Moore, Edelman, 415-486-3216, tara.moore@edelman.com

 

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