Workbrain today announced that it ranked 24th on the 2005 Deloitte
Technology Fast 500, a ranking of the 500 fastest growing technology
companies in North America. Rankings are based on percentage revenue
growth over five years, from 2000-2004. Workbrain grew 13,570 percent
during this period.
Workbrain's President and CEO, David Ossip, credits the company's
growth to its product leadership and ongoing commitment to customer
satisfaction. "We are honored that Deloitte has recognized Workbrain
as one of the fastest growing technologies in North America," Ossip
said. "Our goal is to solidify our position as the recognized leader
in enterprise workforce management solutions and I feel confident that
we have what it takes to continue our tremendous success."
"Making the Deloitte Technology Fast 500 is commendable in today's
highly competitive technology industry," said Tony Kern, deputy
national managing principal of Deloitte's Technology, Media &
Telecommunications industry practice. "Attracting enough customers to
attain such fast growth over five years makes a strong statement about
the quality of a company's product and its leadership. Workbrain has
shown the right stuff for growth."
In addition to ranking on Deloitte's Technology Fast 500, Workbrain
also placed second on the 2005 Canadian Technology Fast 50, which is a
ranking of the 50 fastest growing technology firms in Canada.
Overall, companies that ranked on the 2005 Technology Fast 500
experienced an average growth rate of 2,408 percent.
Fast 500 Selection and Qualifications
The Fast 500 list is compiled from Deloitte's 15 regional North
American Fast 50 lists, nominations submitted directly to the Fast
500, and public company database research. To qualify for the Fast
500, entrants must have had 2000 operating revenues of at least
$50,000 USD or $75,000 CD for the United States and Canada,
respectively, and 2004 operating revenues of at least $1 million USD
or CD.
Entrants must be headquartered in North America and must be a
"technology company," defined as a company that owns proprietary
technology 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 in a unique way does not qualify.
About Workbrain
Workbrain develops, markets, implements and supports software that
helps large organizations optimally deploy and manage their
workforces. Customers such as British Airways, J.B. Hunt, Lowe's and
Weyerhaeuser have chosen Workbrain's industry-focused workforce
management solutions to automate workforce planning, labor
forecasting, employee schedule optimization, time and attendance, and
workforce analytics. For more information, please visit
www.workbrain.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. 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. Services are provided by the
member firms or their subsidiaries or affiliates and not by the
Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the US member firm of Deloitte Touche
Tohmatsu. In the US, 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.
Forward-Looking Statements
This news release contains forward-looking statements which are not
historical facts, but are based on certain assumptions and reflect
Workbrain's current expectations.
These forward-looking statements are subject to a number of risks and
uncertainties that could cause actual results or events to differ
materially from current expectations. Workbrain disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise. Given these risks and uncertainties, investors should not
place undue reliance on forward-looking statements as a prediction of
actual results.
Workbrain is a trademark of Workbrain, Inc. All other product or
company names mentioned are the property of their respective owners.
(c) Copyright 2005 Workbrain, Inc. All rights reserved.
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