Razorsight Ranked No. 8 on Deloitte’s Virginia Technology Fast 50
Razorsight Continues to Be One of Virginia’s Fastest Growing Technology Companies
FAIRFAX, VA – July 26, 2007 – Razorsight Corporation, a market leading provider of on-demand financial business intelligence solutions for communications, media and entertainment companies, has been ranked number eight on Deloitte’s prestigious Technology Fast 50 program for Virginia, a ranking of the fastest growing technology, media, telecommunications, and life sciences companies in Virginia by Deloitte & Touche USA LLP, one of the nation’s leading professional services organizations. Rankings are based on the percentage revenue growth over five years from 2002-2006. This year’s Virginia Technology Fast 50 program is presented by Deloitte and sponsored by WilmerHale, NASDAQ and SmartCEO.
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2002 and $5,000,000 in 2006, be headquartered in Virginia, and be a company that owns proprietary technology or proprietary intellectual property 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 or intellectual property in a unique way does not qualify.
“We are delighted that Razorsight has been included in Deloitte’s Fast 50 program for Virginia,” stated Charlie Thomas, CEO of Razorsight. “We look forward to continued growth, and remain committed to setting new industry benchmarks for financial process automation and actionable business intelligence solutions that help communication, media and entertainment companies improve their margins through detailed visibility into and management of cost and revenue data."
“To rank on Deloitte’s Technology Fast 50, companies must have phenomenal revenue growth over five years,” said Gary H. Tabach, Managing Partner of Deloitte’s Greater Washington practice. “Razorsight has proven to be one of the fast-growth success stories in Virginia, and we applaud their dedication to making their vision a reality.”
Companies from the 16 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte’s Technology Fast 500 program, which ranks North America’s top 500 fastest growing technology, media, telecommunications, and life sciences companies.
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About Razorsight
Razorsight is the market leader in on-demand financial business intelligence solutions for Communications, Media and Entertainment companies. Razorsight’s Software-as-a-Service (SaaS) solutions automate payables processes, eliminate paper, provide detailed visibility into carrier cost and revenue data, and ensure actionable insight that reduces operating costs, improves margins and enables better SOX compliance.
Razorsight has dramatically transformed the way communications companies process, manage and leverage corporate payables and receivables data. Razorsight's highly scalable, web-based software is easy to install, requires no capital investment and has helped clients realize documented savings of over $2 Billion. Razorsight solutions are used by industry leaders such as Verizon, Time Warner and Comcast, as well as by small and medium sized carriers such as Neutral Tandem and Globalcom to capture, audit and analyze more than $50 Billion in annual corporate spend. Razorsight has a 100% referenceable client base, a testimony to its customer focus and its commitment to meet and surpass customer expectations.
Razorsight is based in Fairfax, VA and has offices in St. Louis, MO and Bangalore, India. For more information about Razorsight, visit: www.razorsight.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.
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.
Copyright © 2007 Deloitte Development LLC. All rights reserved.
CONTACTS:
Kim Larkin
Larkin Communications for Razorsight
Office: (703) 250-3590, x3406
Mobile: (202) 391-5205
klarkin@larkincomm.com
www.larkincomm.com
Nilanjan Ray
Director, Marketing at Razorsight
nilanjan.ray@razorsight.com
www.razorsight.com
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