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November 14, 2001 Onyx Software Ranked Among Fastest Growing Technology Companies in North America on the 2001 Deloitte & Touche Technology Fast 500 2001 Marks Third Year In A Row Company Has Been Included In the Annual Ranking
BELLEVUE, Wash. - Onyx® Software Corporation (NASDAQ: ONXS) a global supplier of customer relationship management (CRM) enterprise applications, today announced that it ranked Number 409 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. Onyx grew 1,160 percent during this period.
Onyx CEO, Brent Frei, attributed Onyx's revenue growth over the last five years to the company's intense focus on customer success. He said, "Our customers derive real business benefits from their Onyx software. They rely on our Internet-native technology platform to deliver faster time-to-benefit and lower total costs of ownership than they would otherwise achieve with many other CRM vendors."
"Making the Deloitte & Touche Technology Fast 500 is a testament to a company's leadership, commitment to technology, and ability to deliver the right solution at the right time," said Mark A. Evans, managing director - Deloitte & Touche Technology & Communications Group. "With its 1,160 percent five-year growth rate, Onyx has proven that its leadership has the vision and determination to succeed, and we at Deloitte & Touche salute their accomplishments."
In addition to ranking on the Deloitte & Touche Technology Fast 500, Onyx ranked 19th on the Washington State Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in Washington State.
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 Onyx Software
About Deloitte & Touche
About Deloitte & Touche's Technology & Communications Group
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