ZAIQ TECHNOLOGIES NAMED ONE OF THE 500 FASTEST GROWING TECHNOLOGY COMPANIES IN NORTH AMERICA
Recognized Leader in Electronic Product Design Software and Services Ranked Number 178 on the 2001 Deloitte & Touche Technology Fast 500
Woburn, Mass. - November 16, 2001 - Zaiq Technologies, Inc., a leading electronic product design software and services provider, today announced that the Company has been ranked number 178 on the 2001 Deloitte & Touche Technology Fast 500, a ranking of the 500 fastest-growing technology companies in North America.
Rankings are based on five-year percentage revenue growth from 1996-2000. Zaiq Technologies grew 3,621 percent during this period, as calculated by the Fast 500 program.
"Our continued strong revenue growth can be attributed to the Company's ongoing focus to help our customers achieve real breakthroughs in reducing product development schedules," said Ray Carlin, Zaiq's president and CEO. "Zaiq has been able to distinguish itself as a leader in the marketplace by providing customers with a unique combination of software products, proven methodology, reusable intellectual property and design expertise."
"With its ranking on the prestigious Deloitte & Touche Technology Fast 500, Zaiq's leaders have proven that they have the vision and the fortitude to excel in the highly competitive technology industry," said Mark A. Evans, managing director of Deloitte & Touche's Technology & Communications Group.
Zaiq also ranked number 13 on the 2001 Deloitte & Touche New England Technology Fast 50, and number 35 on the Inc 500 for 2001.
Fast 500 Selection and Qualifications
The Fast 500 list is compiled from three sources: winners of Deloitte & Touche's 22 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had 1996 revenues of at least $50,000 USD and $75,000 CD for the United States and Canada, respectively. Entrants are public or private companies headquartered in North America and must be a "technology company," defined as a company that develops proprietary technology which contributes to a significant portion of the company's operating revenues, manufactures a technology-related product, or devotes a high percentage of effort to research and development of technology.
About Zaiq Technologies
Zaiq Technologies, Inc. is a leading provider of electronic product design software and services. Additional information about Zaiq and its products and services is available by phone at 877-351-8299, by e-mail at info@zaiqtech.com, or on the Internet at http://www.zaiqtech.com.
About Deloitte & Touche
Deloitte & Touche LLP, one of the nation's leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping our clients and our people excel. Known as an employer of choice for innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for four consecutive years. Deloitte & Touche is the U.S. national practice of Deloitte Touche Tohmatsu. Deloitte Touch Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. For more information, please visit Deloitte & Touche's web site at www.us.deloitte.com.
About Deloitte & Touche's Technology & Communications Group
The Technology & Communications Group is composed of service professionals who have a wealth of experience serving technology and communications companies throughout the world in areas including Internet, software, semiconductors, cable, media and publishing, communication utilities, networking, wireless, computers and peripherals, and related industries. These specialists understand the challenges that technology and communications companies face throughout all stages of their business growth cycle are committed to helping them succeed. Deloitte & Touche is a leader in providing strategic, financial, operational, and information technology assistance to its technology and communications clients.
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