SOURCE: IQNavigator

October 30, 2007 09:59 ET

IQNavigator Ranked Number Six in Deloitte's Technology Fast 50 Program for Colorado

Commitment to Market Leadership and Addressing Client Requirements in the Services Procurement Sector Drives 1,177% Revenue Growth

DENVER, CO--(Marketwire - October 30, 2007) - IQNavigator, the leading provider of services procurement software and managed service programs, today announced the company has been named to Deloitte's prestigious Technology Fast 50 Program for Colorado, a ranking of the 50 fastest growing technology, media, telecommunications, and life sciences companies in the state by Deloitte & Touche USA LLP, one of the nation's leading professional services organizations. Rankings are based on the percentage revenue growth over five years from 2002-2006. IQNavigator's increase in revenues of 1,177 percent from 2002 to 2006 resulted in the company securing a number six ranking on the Technology Fast 50 for Colorado.

"To rank on Deloitte's Colorado Technology Fast 50, companies must have phenomenal revenue growth over five years. IQNavigator has proven to be one of the fast-growth success stories in Colorado, and we applaud their dedication to making their vision a reality," said Kurt Randall, Deloitte Tax LLP.

To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2002 and $5,000,000 in 2006, be headquartered in North America, 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.

"Our emphasis on addressing our customers' complex requirements associated with global services procurement has always been the foundation of our organization's success," said John P. Raeder Jr., President and CEO, IQNavigator. "We are proud of our financial track record having just closed our 33rd quarter of consecutive revenue growth and are thrilled to be recognized by Deloitte for our continued momentum."

For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.

About IQNavigator

IQNavigator is a leading provider of on-demand services procurement software and managed service programs. The company's award-winning suite of integrated applications enable Global 2000 companies such as Charles Schwab, Entergy, Northrop Grumman, Schlumberger, Shell and Sony Electronics to gain control and visibility into their multi-million-dollar services procurement costs. With proven domain expertise and innovative technology solutions, IQNavigator can help customers quickly and easily turn complex services spend into a new source of value, competitive advantage, and continuous bottom-line improvement. For more information please visit www.iqnavigator.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. 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. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.

Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.

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