InstallShield® Named One of Greater Chicagoland’s Fastest Growing Technology Companies by Deloitte and Touche "Fast 50" Program
Software Leader Ranks 10th on Prestigious List of Fast Growth CompaniesSCHAUMBURG, Ill., October 18, 2000 - InstallShield® Software Corp., the leader in Internet-ready software installation and distribution solutions, has been named to Deloitte and Touche's prestigious Technology "Fast 50" Program for Greater Chicagoland, a ranking of the 50 fastest growing technology companies in the area. InstallShield ranked an impressive 10th place on the list, joining many well-known technology organizations including Inforte, Tellabs, Comdisco, and Baxter International. Deloitte and Touche announced the Fast 50 last evening during a reception held at The Fairmont Hotel in downtown Chicago.
The Fast 50 program is sponsored by Deloitte and Touche, in association with Kirkland and Ellis, Motorola Ventures, Kellogg Graduate School of Management, and the University of Chicago Graduate School of Business. Rankings are based on five-year revenue growth, from 1995 - 1999.
"The landscape of today's technology marketplace is more competitive than ever before, so to be named a Technology Fast 50 winner is a tremendous endorsement of InstallShield's vision for growth and proven success," said Stan Martin, president and COO of InstallShield. "We are very proud of our accomplishments and look forward to even stronger growth as we continue delivering products and services that facilitate the consumption and management of software and digital content across the Internet."
"Today, there are more than 22,000 technology companies in the United States, many of whom are competing for the same markets here in the states and worldwide," said Tim McCarty, partner, Midwest Practice, Deloitte and Touche. "The Greater Chicagoland Technology Fast 50 winners have proven they can compete successfully by consistently delivering technological wonders. We at Deloitte and Touche commend InstallShield for having the vision and determination to become one of the 50 fastest growing technology companies in greater Chicagoland."
Continued industry recognition as the acknowledged de facto standard for installing Windows-based software was only one element fueling InstallShield's growth. InstallShield earned its fourth inclusion in the esteemed Inc. 500, a ranking of America's fastest growing private companies. The company rounded out its offerings with more complete solutions for customers including software, support, training and professional services. Its software was used on hundreds of millions of desktops around the world, while the top 100 of Software Magazine's "Software 500" list trusted InstallShield to deliver their digital goods. InstallShield also expanded its solution portfolio beyond the Windows platform, partnering with industry leaders IBM and Sun Microsystems to successfully introduce a multi-platform (Linux, Unix, AS/400, Solaris, etc.) installation solution.
To qualify for the Fast 50, companies must have had operating revenues of at least $ 50,000 in 1995 and $1,000,000 in 1999, must be a public or private company headquartered in greater Chicagoland, and be a "technology company" defined as a company that produces technology, manufactures a technology product, or devotes a high percentage of effort to research and development of technology. Winners of the 21 regional Fast 50 programs in the United States are automatically entered in the Deloitte and Touche Technology Fast 500 program, which ranks the nation's top 500 fastest growing technology companies. For more information on the Deloitte and Touche Fast 50 or Fast 500 programs, visit www.fast500.com.
About Deloitte and Touche
Deloitte and Touche, one of the nation's leading professional services firms, provides assurance and advisory, tax, and management consulting services through 30,000 people in more than 100 U.S. cities. The firm's technology and communications practice in the Midwest region focuses on developing and delivering superior customer service and products to rapidly changing technology and communications markets. Deloitte and Touche is part of Deloitte Touche Tohmatsu, a global leader in professional services with more than 90,000 people in over 130 countries. Deloitte %26 Touche refers to Deloitte and Touche LLP, Deloitte Consulting LLC, and related entities. For additional information, please visit Deloitte and Touche's web site at www.us.deloitte.com.