InnerWorkings Ranked in Deloitte's 2008 Technology Fast 500 List
Press release from the issuing company
CHICAGO, Nov 12, 2008 -- InnerWorkings, Inc. today announced that it ranked number 121 on Deloitte's 2008 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage of fiscal year revenue growth over five years, from 2003-2007. InnerWorkings grew 1,677 percent during this period.
"We are pleased with this recognition from Deloitte," said Eric D. Belcher, President and Chief Operating Officer of InnerWorkings. "This is yet another affirmation that our Company's enterprise print procurement and management solutions is resonating with corporate America, even more so in this challenging economic environment."
"Deloitte's Technology Fast 500 recognizes companies who have achieved extraordinary growth in North America's most innovative and competitive market sectors," said Phil Asmundson, Deloitte LLP vice chairman and national managing partner for Technology, Media and Telecommunications. "We congratulate InnerWorkings on this significant accomplishment."
Fast 500 Selection and Qualifying Criteria
The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte's regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2003 to 2007.
Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.
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