SAN FRANCISCO, Oct. 30, 2007 — ZoomSystems, Inc., is second on the list of the fastest growing technology companies in Silicon Valley as recognized by Deloitte & Touche USA LLP.
The "Silicon Valley Technology Fast 50," is an annual award program that ranks technology, media, telecommunications and life sciences companies located in the Silicon Valley by revenue growth over five years. Winners are selected based on percentage revenue growth over five years. In that time, ZoomSystems achieved a 9,948 percent revenue growth.
"Growth and innovation are such a part of our culture here in the Bay Area that it’s easy to take for granted how many local companies are leaders in their field demonstrated by their extraordinary growth percentages," said Mark Jensen, a partner and national director of the Venture Capital Services Group for Deloitte & Touche LLP in San Jose. "It is no small accomplishment to be one of the fastest growing companies in Silicon Valley."
To be considered, Technology Fast 50 entrants must: have operating revenues of at least $50,000 in 2002 and at least $5,000,000 in 2006; be headquartered in Silicon Valley; own proprietary technology or proprietary intellectual property that contributes to a significant portion of its operating revenues, or devote 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.
"We’re delighted to be named in such a distinguished list of companies," says Gower Smith, founder and CEO of ZoomSystems. "Being in the Fast 50 proves that our hard work and dedication over the past years has paid off. We are pioneers in retail technology and will continue to explore new, convenient ways for people to shop."
About Deloitte
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institutions, locally important clients, and successful, fast-growing
global growth companies. More information about Deloitte and the
Fast 50 award is available on the Deloitte website.