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Webloyalty Ranked Number 12 Fastest Growing Technology Company in North America on Deloitte's 2006 Technology Fast 500
NORWALK, CT, October 20, 2006 — Webloyalty today announced that it earned the Number 12 slot on Deloitte's 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage revenue growth over five years from 2001—2005. Webloyalty grew 15,151 percent during this period.
Webloyalty CEO, Rick Fernandes, credits the company's employees for its extraordinary growth. "Webloyalty was recently ranked by Deloitte as the fastest growing technology company in Connecticut for the second year in a row." Fernandes said, "Sustaining high revenue increases on state and international levels is an exceptional accomplishment. Webloyalty is fortunate to have a good business model and capable, committed employees to deliver on it."
Overall, companies that ranked on the 2006 Fast 500 had an average growth rate of 2,147 percent.
"To be successful in today's increasingly competitive landscape, companies have to be better, smarter and more innovative than in the past, and the Technology Fast 500 companies are doing exactly that," said Tony Kern, deputy managing principal of Deloitte's Technology, Media and Telecommunications industry practice. "We applaud Webloyalty for being among the fastest growing companies in North America."
Fast 500 Selection and Qualifying Criteria
The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte’s 16 regional North American Fast 50 programs, nominations submitted directly to the Fast 500 and public company database research. Companies are selected based on percentage revenue growth from 2001 to 2005.
Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company’s operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies’ technology or intellectual property 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 or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.
About Webloyalty
Webloyalty, a leading provider of technology-based, online marketing services, supplies approximately two million subscribers with reward, discount and protection programs, including Reservation Rewards. Consumers benefit from high value subscription services that match their needs and interests. Webloyalty clients – over 120 e-commerce and travel businesses – benefit from increased revenue and repeat purchases.
Additional information about Webloyalty is available at http://www.webloyalty.com. For customer service, please contact 1-800-732-7031 or customerservice@webloyalty.com.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. Deloitte Touche Tohmatsu is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in nearly 150 countries. With access to the deep intellectual capital of approximately 135,000 people worldwide, Deloitte delivers services in four professional areas, audit, tax, consulting and financial advisory services, and serves more than one-half of the world’s largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global growth companies. Services are not provided by the Deloitte Touche Tohmatsu Verein and, for regulatory and other reasons, certain member firms do not provide services in all four professional areas.
As a Swiss Verein (association), 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 names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu" or other related names.
In the United States, Deloitte & Touche USA LLP is the U.S. member firm of Deloitte Touche Tohmatsu and 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. The subsidiaries of the U.S. member firm are among the nation’s leading professional services firms, providing audit, tax, consulting, and financial advisory services through nearly 40,000 people in more than 90 cities. Known as employers of choice for innovative human resources programs, they are dedicated to helping their clients and their people excel. For more information, please visit the U.S. member firm’s Web site at www.deloitte.com.
Press Contact:
Beth Kitchener
Webloyalty Corporate Communications
Telephone: 203-846-3300, x. 394
Email: beth.kitchener@webloyalty.com
