Mimeo Ranked Among the Fastest Growing Technology Companies
Press release from the issuing company
NEW YORK, Oct. 19 -- Mimeo.com, the leader in online, on-demand digital printing, today announced that it placed in the top third of 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 to 2004. Mimeo grew 1,120 percent during this period, and was listed at 166th out of 500 companies.
Mimeo's CEO, Adam Slutsky, credits solid product development and a commitment to providing the most reliable and efficient digital, on-demand printing services with the company's 1,120% revenue growth over the past five years. "We are extremely excited about our ranking on Deloitte's Technology Fast 500," said Mr. Slutsky. "We are confident that as we continue to expand our services and advance our technology to meet our customers' needs, we will remain on this fast track and significantly boost our revenue each year."
"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," said Tony Kern, deputy national managing principal of Deloitte's Technology, Media & Telecommunications industry practice. "Mimeo has shown the right stuff for growth."
Mimeo's easy-to-use Web-based technology allows anyone to print and finish a document quickly and with the broadest production options available and accurately proof the document with a true "what-you-see-is-what-you-get" view of the document. Once an order is placed, Mimeo's highly trained and experienced professionals print, bind, and ship each order at the company's 140,000 square foot print and finishing facility in Memphis, TN. The facility's location in Memphis, the distribution capital of the U.S., enables customers to place orders up to 10 pm at night for next day delivery.
In addition to ranking on Deloitte's Technology Fast 500, Mimeo is included in the New York Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in New York.
Overall, companies that ranked on the 2005 Technology Fast 500 had growth rates ranging from 240 percent to 73,752 percent over five years, with 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.
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