SOURCE: Archer Technologies

October 23, 2007 08:00 ET

Archer Technologies Ranked Number 169 Fastest Growing Company in North America on Deloitte's 2007 Technology Fast 500

Archer attributes Its 959 Percent Revenue Growth to Dedicated Employees, Strong Industry Demand and Innovative Enterprise Risk and Compliance Solutions

OVERLAND PARK, KS--(Marketwire - October 23, 2007) - Archer Technologies (Archer), today announced that it ranked Number 169 on Deloitte's 2007 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 2002-2006. Archer grew 959 percent during this period.

Archer's CEO, Jon Darbyshire, credits the company's talented, dedicated employees and strong demand for Archer's award-winning risk and compliance management solutions for the company's 959 percent revenue growth over the past five years. Jon said, "Our ranking on Deloitte's Technology Fast 500 list is a tribute to the commitment and talent of our employees, who remain focused on delivering innovative solutions and the highest level of client care. We've been amazed by the demand for our Enterprise Risk and Compliance Management solutions over the last several years, and we will continue to work closely with our clients to enhance our products according to their evolving needs."

"Sustaining high revenue growth over five years is an exceptional accomplishment," said Phil Asmundson, vice chairman, U.S. Technology, Media and Telecommunications, Deloitte & Touche USA LLP. "We are proud to honor Archer Technologies with a ranking on the Deloitte Technology Fast 500 list."

Overall, companies that ranked on the 2007 Technology Fast 500 had growth rates ranging from 253 to 79,060 percent over five years, with an average growth rate of 1,823 percent.

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 16 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 2002 to 2006.

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.

About Archer Technologies

Archer Technologies is a leading provider of automated enterprise risk and compliance management solutions. With more than four million licensed users, Archer enables Fortune 1000 organizations and government agencies to reduce enterprise risks, manage and demonstrate compliance, automate business processes, and gain visibility into corporate risk and security controls. Archer is the only vendor that delivers highly flexible out-of-the-box solutions built on the Archer SmartSuite Framework that can be easily tailored to meet an organization's unique risk and compliance requirements for successful IT governance. For more information, visit www.archer-tech.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. Deloitte Touche Tohmatsu is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in nearly 140 countries. With access to the deep intellectual capital of approximately 150,000 people worldwide, Deloitte delivers services in four professional areas -- audit, tax, consulting, and financial advisory services -- and serves more than 80 percent of the world's largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global companies. Services are not provided by the Deloitte Touche Tohmatsu Verein, and, for regulatory and other reasons, certain member firms do not provide services in all four professional areas.

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.

Contact Information

  • For more information, press only:
    Alex Bender
    Archer Technologies, LLC
    (913) 239-1831
    Email Contact