Redwood Shores, CA - November 12, 2008 - Merced Systems, Inc, a provider of Sales and Service Performance Management Software has been named to Deloitte's Technology Fast 50 Program for Silicon Valley Software and Information Technology (IT) companies. This year’s Silicon Valley Technology Fast 50 program is co-presented by Deloitte, Silicon Valley Bank, Korn/Ferry International, Cooley Godward Kronish LLP, Cornish & Carey Client Solutions, and ABD Insurance and Financial Services – A Wells Fargo Company. Rankings are based on the percentage revenue growth over five years from fiscal year 2003–2007.
Merced Systems' CEO, Matt Glickman credits continual success in sales and service performance management and dedication to making its customers more successful, with the company's tenfold increase in revenue growth from fiscal year 2003–2007. "We are honored to have been ranked 25 on Deloitte’s Silicon Valley Technology Fast 50 Program. Our growth over the past 5 years has been the result of our intense focus on serving our customers’ needs, and continually delivering market-leading products and solutions," said Glickman.
Merced Systems' increase in revenues from fiscal year 2003 to 2007 resulted in a number 25 ranking in the Technology Fast 50 for Silicon Valley.
"Deloitte’s Silicon Valley Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today’s very competitive technology environment," said Mark Jensen, Managing Partner, National Venture Capital Services, Deloitte & Touche LLP, in Silicon Valley. "We applaud the successes of Merced Systems and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years."
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in fiscal year 2003 and $5,000,000 in fiscal year 2007, be headquartered in the San Francisco Bay Area, 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.
Companies from the 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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