September 21, 2006 11:39 ET
Elluminate, Inc. Named One of the Fastest Growing Technology Companies in the 2006 Deloitte Technology Fast 50 Program
Attributes Its Pacesetting Revenue Increase to Explosive Growth in U.S. and International Markets
CALGARY, AB -- (MARKET WIRE) -- September 21, 2006 -- Elluminate, Inc. has been named to Deloitte's
prestigious Technology Fast 50, the annual program which recognizes
excellence, innovation and the fastest growing tech companies in Canada.
Rankings are based on percentage of growth in fiscal year revenues over
five years, from 2001-2005.
Elluminate's CEO, Nashir Samanani, credits the company's sizeable growth
from 2001-2005 to its expanding presence in the live web collaboration
market, both in the U.S. and internationally. The company has experienced
an explosive increase in sales of its flagship web conferencing software,
Elluminate Live!.
"We're pleased to be recognized by Deloitte in the Technology Fast 50
list," said Samanani. "In the past five years, Elluminate has developed
award-winning technology to meet the widespread needs of schools and
companies throughout the world. This inclusion in the Technology Fast 50
list is recognition of our demonstrated ability to innovate and sustain
growth. Our focus continues to be on bringing relevant innovation and high
value to our customers. The last five years have provided a solid
foundation on which to continue our company's breakthrough success in the
live collaboration field and we are excited for the tremendous future
opportunity that now exists. As a result, we fully expect to continue to
have growth rates that outperform the industry."
Elluminate's increase in revenues of 5,063 percent from 2001-2005 resulted
in a No. 10 ranking overall in the Deloitte Technology Fast 50. The average
increase in revenues among companies who made the Fast 50 for this region
was 4,954 percent.
"Sustaining high revenue growth over five years is an exceptional
accomplishment. We commend Elluminate for making the commitment to
technology and delivering on the promise of market longevity," said John
Ruffolo, National Leader, Technology, Media & Telecommunications, Deloitte.
"We are proud to honor Elluminate as a Deloitte Technology Fast 50 Winner."
About Elluminate
Elluminate, Inc. provides proven, best-in-class solutions for real-time
online learning and collaboration. Elluminate delivers exceptional outcomes
that enhance the learning experience, and increase retention and completion
rates with lower Total Cost of Ownership and higher ROI. Elluminate
features high-quality VoIP, robust interactive functionality for
participants and moderators, and unique No User Left Behind™ technology
-- regardless of platform or Internet connection speed. Elluminate has won
several prestigious industry awards, including Network Computing magazine's
Editor's Choice for Web Conferencing software, and is rated by Forrester
Research as a "Strong Performer" in Web Conferencing. Headquartered in
Calgary, Alberta, Canada and Fort Lauderdale, Fla., Elluminate is the
trusted choice of prominent corporations and academic institutions such as
ADP, the University of Calgary, DeVry University, Georgia State University,
Johns Hopkins University, PA Department of Education, Sun Microsystems, and
many more. For more information visit www.elluminate.com
About Deloitte
Deloitte, one of Canada's leading professional services firms, provides
audit, tax, consulting, and financial advisory services through more than
6,200 people in 50 offices. Deloitte operates in Quebec as Samson
Belair/Deloitte & Touche s.e.n.c.r.l. The firm is dedicated to helping its
clients and its people excel. Deloitte is the Canadian member firm of
Deloitte Touche Tohmatsu.
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